Aurora Investment Counsel Takes Position in Chord Energy Corporation (NASDAQ:CHRD)

Aurora Investment Counsel purchased a new stake in shares of Chord Energy Corporation (NASDAQ:CHRD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,214 shares of the company's stock, valued at approximately $1,940,000.

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

Insider Buying and Selling

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

Chord Energy Stock Up 1.0%

NASDAQ:CHRD opened at $109.19 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.83 and a current ratio of 0.89. The company has a market cap of $6.31 billion, a PE ratio of 7.30 and a beta of 0.96. Chord Energy Corporation has a 52-week low of $79.83 and a 52-week high of $181.17. The stock has a 50-day simple moving average of $97.94 and a 200 day simple moving average of $104.55.

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

Chord Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 21st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $5.20 annualized dividend and a yield of 4.76%. Chord Energy's dividend payout ratio (DPR) is presently 34.78%.

Analyst Ratings Changes

CHRD has been the topic of several analyst reports. Bank of America cut their target price on Chord Energy from $114.00 to $112.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Royal Bank Of Canada cut their target price on Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley set a $139.00 target price on Chord Energy and gave the company a "cautious" rating in a research note on Wednesday, March 26th. Mizuho cut their target price on Chord Energy from $154.00 to $150.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Finally, Citigroup increased their target price on Chord Energy from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chord Energy presently has an average rating of "Moderate Buy" and an average price target of $151.08.

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.

Want to see what other hedge funds are holding CHRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chord Energy Corporation (NASDAQ:CHRD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.