2,936 Shares in Chord Energy Corporation $CHRD Purchased by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has acquired a new position in Chord Energy Corporation, purchasing 2,936 shares valued at approximately $331,000.
• Research analysts have given Chord Energy a mixed rating, with two selling and ten buyers, while average price targets range from $112.00 to $148.77.
• Chord Energy's recent quarterly earnings report revealed a revenue of $1.18 billion, exceeding expectations, but earnings per share missed consensus estimates by $0.09.

Atria Wealth Solutions Inc. bought a new position in shares of Chord Energy Corporation (NASDAQ:CHRD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,936 shares of the company's stock, valued at approximately $331,000.

A number of other hedge funds have also bought and sold shares of CHRD. Raymond James Financial Inc. bought a new position in Chord Energy during the fourth quarter worth $29,984,000. Townsquare Capital LLC raised its stake in Chord Energy by 51.3% during the fourth quarter. Townsquare Capital LLC now owns 3,328 shares of the company's stock worth $389,000 after buying an additional 1,129 shares during the last quarter. Mariner LLC raised its stake in Chord Energy by 42.7% during the fourth quarter. Mariner LLC now owns 5,207 shares of the company's stock worth $609,000 after buying an additional 1,559 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Chord Energy by 44.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,703 shares of the company's stock worth $550,000 after buying an additional 1,456 shares during the last quarter. Finally, Regal Investment Advisors LLC bought a new position in Chord Energy during the fourth quarter worth $258,000. Institutional investors own 97.76% of the company's stock.

Insiders Place Their Bets

In related news, EVP Shannon Browning Kinney sold 1,000 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $101.64, for a total transaction of $101,640.00. Following the transaction, the executive vice president directly owned 17,669 shares in the company, valued at approximately $1,795,877.16. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Chord Energy from $143.00 to $146.00 and gave the stock an "overweight" rating in a research note on Friday, August 15th. Mizuho decreased their price target on shares of Chord Energy from $154.00 to $150.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Piper Sandler lifted their price target on shares of Chord Energy from $164.00 to $166.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. UBS Group lifted their price target on shares of Chord Energy from $120.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Citigroup lifted their price target on shares of Chord Energy from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $148.92.

Chord Energy Stock Up 0.5%

Shares of NASDAQ CHRD traded up $0.49 during mid-day trading on Wednesday, reaching $102.58. 736,882 shares of the company's stock traded hands, compared to its average volume of 786,810. The stock has a market cap of $5.87 billion, a P/E ratio of 26.10 and a beta of 0.97. The business has a 50-day simple moving average of $104.51 and a 200 day simple moving average of $101.84. Chord Energy Corporation has a 1-year low of $79.83 and a 1-year high of $154.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.90.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.09). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $984.07 million. Chord Energy had a net margin of 5.02% and a return on equity of 9.02%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.69 earnings per share. On average, analysts expect that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Thursday, August 21st will be issued a dividend of $1.30 per share. The ex-dividend date is Thursday, August 21st. This represents a $5.20 annualized dividend and a yield of 5.1%. Chord Energy's payout ratio is 132.32%.

Chord Energy Company Profile

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.