Aurora Investment Counsel Buys Shares of 17,214 Chord Energy Corporation (NASDAQ:CHRD)

Aurora Investment Counsel acquired a new stake in shares of Chord Energy Corporation (NASDAQ:CHRD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,214 shares of the company's stock, valued at approximately $1,940,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of Chord Energy by 11.5% in the fourth quarter. FMR LLC now owns 3,814,384 shares of the company's stock valued at $445,978,000 after buying an additional 394,372 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in Chord Energy in the fourth quarter worth about $43,745,000. Squarepoint Ops LLC increased its position in Chord Energy by 365.5% in the fourth quarter. Squarepoint Ops LLC now owns 337,284 shares of the company's stock worth $39,435,000 after purchasing an additional 264,828 shares during the period. Raymond James Financial Inc. acquired a new stake in Chord Energy in the fourth quarter worth about $29,984,000. Finally, Sourcerock Group LLC increased its position in Chord Energy by 214.9% in the fourth quarter. Sourcerock Group LLC now owns 314,870 shares of the company's stock worth $36,815,000 after purchasing an additional 214,870 shares during the period. 97.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CHRD shares. Wall Street Zen upgraded Chord Energy from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Wells Fargo & Company boosted their target price on Chord Energy from $142.00 to $143.00 and gave the stock an "overweight" rating in a research report on Tuesday. Piper Sandler boosted their target price on Chord Energy from $159.00 to $164.00 and gave the stock an "overweight" rating in a research report on Thursday. Morgan Stanley set a $139.00 target price on Chord Energy and gave the stock a "cautious" rating in a research report on Wednesday, March 26th. Finally, Royal Bank Of Canada decreased their target price on Chord Energy from $165.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chord Energy has a consensus rating of "Moderate Buy" and a consensus target price of $151.54.

Chord Energy Stock Up 3.7%

Shares of NASDAQ:CHRD traded up $3.77 during trading on Thursday, hitting $105.97. 538,918 shares of the company's stock traded hands, compared to its average volume of 854,599. Chord Energy Corporation has a 52 week low of $79.83 and a 52 week high of $177.95. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 7.09 and a beta of 0.96. The company has a 50-day moving average price of $99.03 and a 200-day moving average price of $104.44.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.44. Chord Energy had a return on equity of 10.34% and a net margin of 16.15%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business posted $5.10 EPS. Chord Energy's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts forecast that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 21st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Wednesday, May 21st. Chord Energy's dividend payout ratio (DPR) is presently 34.78%.

Insider Buying and Selling at Chord Energy

In other news, EVP Shannon Browning Kinney sold 3,091 shares of Chord Energy stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $94.10, for a total transaction of $290,863.10. Following the transaction, the executive vice president owned 21,277 shares in the company, valued at $2,002,165.70. The trade was a 12.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by company insiders.

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.