Aptus Capital Advisors LLC Acquires 7,357 Shares of Chord Energy Corporation $CHRD

Key Points

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Aptus Capital Advisors LLC boosted its holdings in shares of Chord Energy Corporation (NASDAQ:CHRD - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,642 shares of the company's stock after acquiring an additional 7,357 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.11% of Chord Energy worth $7,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRD. Townsquare Capital LLC raised its position in Chord Energy by 51.3% during the fourth quarter. Townsquare Capital LLC now owns 3,328 shares of the company's stock valued at $389,000 after acquiring an additional 1,129 shares in the last quarter. Mariner LLC raised its position in Chord Energy by 42.7% during the fourth quarter. Mariner LLC now owns 5,207 shares of the company's stock valued at $609,000 after acquiring an additional 1,559 shares in the last quarter. Commerce Bank raised its position in Chord Energy by 36.8% during the fourth quarter. Commerce Bank now owns 3,231 shares of the company's stock valued at $378,000 after acquiring an additional 870 shares in the last quarter. First Trust Advisors LP raised its position in Chord Energy by 31.8% during the fourth quarter. First Trust Advisors LP now owns 415,219 shares of the company's stock valued at $48,547,000 after acquiring an additional 100,197 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in Chord Energy by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 34,466 shares of the company's stock valued at $4,030,000 after acquiring an additional 2,484 shares in the last quarter. Institutional investors own 97.76% of the company's stock.

Chord Energy Stock Performance

CHRD traded up $3.93 during trading on Friday, reaching $105.93. 660,381 shares of the company's stock were exchanged, compared to its average volume of 795,202. Chord Energy Corporation has a fifty-two week low of $79.83 and a fifty-two week high of $154.75. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $104.50 and a 200 day moving average price of $101.73. The company has a market capitalization of $6.07 billion, a P/E ratio of 26.95 and a beta of 0.97.

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

Chord Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Thursday, August 21st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.9%. Chord Energy's dividend payout ratio (DPR) is presently 132.32%.

Insider Activity

In related news, EVP Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.64, for a total value of $101,640.00. Following the completion of the transaction, the executive vice president directly owned 17,669 shares of the company's stock, valued at $1,795,877.16. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on CHRD shares. Citigroup increased their price target on Chord Energy from $120.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Bank of America lowered their price objective on shares of Chord Energy from $114.00 to $112.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Wall Street Zen downgraded shares of Chord Energy from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Wells Fargo & Company raised their price objective 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. Finally, UBS Group raised their price objective on shares of Chord Energy from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.92.

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.