Chord Energy Co. (NASDAQ:CHRD) Holdings Raised by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. lifted its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 15.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,032 shares of the company's stock after acquiring an additional 13,821 shares during the quarter. Chord Energy accounts for approximately 5.0% of Arkfeld Wealth Strategies L.L.C.'s portfolio, making the stock its 4th largest holding. Arkfeld Wealth Strategies L.L.C. owned about 0.18% of Chord Energy worth $11,952,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CHRD. Altshuler Shaham Ltd acquired a new position in shares of Chord Energy during the fourth quarter worth about $25,000. Twin Tree Management LP acquired a new position in Chord Energy during the fourth quarter worth about $33,000. Larson Financial Group LLC grew its position in Chord Energy by 238.3% during the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company's stock worth $37,000 after buying an additional 224 shares during the period. Venturi Wealth Management LLC grew its position in Chord Energy by 1,751.9% during the fourth quarter. Venturi Wealth Management LLC now owns 500 shares of the company's stock worth $58,000 after buying an additional 473 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in Chord Energy during the fourth quarter worth about $77,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,091 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $94.10, for a total transaction of $290,863.10. Following the transaction, the executive vice president now owns 21,277 shares of the company's stock, valued at $2,002,165.70. This trade represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company's stock.

Chord Energy Trading Up 2.7%

Shares of CHRD traded up $2.60 on Monday, hitting $97.49. 747,295 shares of the stock traded hands, compared to its average volume of 900,741. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $5.63 billion, a P/E ratio of 5.02, a P/E/G ratio of 5.83 and a beta of 0.96. The stock's 50 day moving average is $92.29 and its two-hundred day moving average is $107.28. Chord Energy Co. has a 1 year low of $79.83 and a 1 year high of $181.17.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.44. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.07 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.10 earnings per share. As a group, sell-side analysts predict that Chord Energy Co. will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Wednesday, May 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend is Wednesday, May 21st. Chord Energy's payout ratio is 34.78%.

Analyst Upgrades and Downgrades

CHRD has been the topic of several recent analyst reports. Morgan Stanley set a $139.00 target price on shares of Chord Energy and gave the stock a "cautious" rating in a research report on Wednesday, March 26th. Williams Trading set a $155.00 target price on shares of Chord Energy in a research report on Wednesday, March 5th. Wall Street Zen lowered shares of Chord Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Mizuho lowered their target price on shares of Chord Energy from $154.00 to $150.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company dropped their price objective on shares of Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $153.77.

About Chord Energy

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.