Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC increased its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 39.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,805 shares of the company's stock after acquiring an additional 5,353 shares during the quarter. Vident Advisory LLC's holdings in Chord Energy were worth $2,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRD. Barclays PLC boosted its position in shares of Chord Energy by 3.7% during the 3rd quarter. Barclays PLC now owns 64,711 shares of the company's stock valued at $8,427,000 after acquiring an additional 2,318 shares during the last quarter. Tallon Kerry Patrick acquired a new position in Chord Energy in the fourth quarter valued at about $204,000. Merit Financial Group LLC acquired a new position in Chord Energy in the fourth quarter valued at about $553,000. Nisa Investment Advisors LLC lifted its position in Chord Energy by 9.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,049 shares of the company's stock valued at $473,000 after buying an additional 344 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Chord Energy by 1.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company's stock valued at $718,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Chord Energy Stock Down 0.6%

Shares of CHRD traded down $0.50 during mid-day trading on Friday, hitting $89.65. 555,012 shares of the company's stock were exchanged, compared to its average volume of 982,549. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 4.62, a P/E/G ratio of 5.83 and a beta of 0.99. Chord Energy Co. has a fifty-two week low of $79.83 and a fifty-two week high of $188.02. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The stock's 50-day moving average is $96.63 and its 200-day moving average is $110.36.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $4.04 earnings per share for the quarter, topping analysts' consensus estimates of $3.60 by $0.44. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $5.10 earnings per share. The business's quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Chord Energy Co. will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, May 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.80%. Chord Energy's payout ratio is 34.78%.

Insider Buying and Selling

In related news, EVP Shannon Browning Kinney sold 3,091 shares of the company's 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 sale, the executive vice president now directly owns 21,277 shares in the company, valued at approximately $2,002,165.70. This represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CHRD. Wells Fargo & Company decreased their target price on shares of Chord Energy from $166.00 to $158.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler decreased their target price on shares of Chord Energy from $184.00 to $183.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley set a $139.00 target price on shares of Chord Energy and gave the company a "cautious" rating in a research report on Wednesday, March 26th. Bank of America decreased their target price on shares of Chord Energy from $114.00 to $112.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Williams Trading set a $155.00 target price on shares of Chord Energy in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $153.77.

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.