GW&K Investment Management LLC Has $25.66 Million Holdings in Chord Energy Corporation (NASDAQ:CHRD)

GW&K Investment Management LLC grew its holdings in Chord Energy Corporation (NASDAQ:CHRD - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,652 shares of the company's stock after buying an additional 17,625 shares during the quarter. GW&K Investment Management LLC owned 0.38% of Chord Energy worth $25,661,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC raised its stake in shares of Chord Energy by 11.5% in the 4th 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 in the last quarter. American Century Companies Inc. raised its stake in shares of Chord Energy by 15.0% in the 4th quarter. American Century Companies Inc. now owns 1,116,073 shares of the company's stock valued at $130,491,000 after buying an additional 145,627 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Chord Energy by 19.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 855,381 shares of the company's stock valued at $100,011,000 after buying an additional 136,751 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Chord Energy by 6.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 791,958 shares of the company's stock valued at $89,198,000 after buying an additional 47,649 shares in the last quarter. Finally, Woodline Partners LP raised its stake in shares of Chord Energy by 16.4% in the 4th quarter. Woodline Partners LP now owns 748,966 shares of the company's stock valued at $87,569,000 after buying an additional 105,448 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Chord Energy Trading Up 0.4%

Shares of NASDAQ CHRD traded up $0.38 during mid-day trading on Thursday, hitting $109.70. The company's stock had a trading volume of 367,285 shares, compared to its average volume of 847,962. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 7.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.89 and a quick ratio of 0.83. Chord Energy Corporation has a one year low of $79.83 and a one year high of $174.54. The company's fifty day simple moving average is $99.85 and its 200-day simple moving average is $104.14.

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

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 21st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend was Wednesday, May 21st. Chord Energy's payout ratio is 34.78%.

Analyst Ratings Changes

CHRD has been the topic of several analyst reports. Mizuho lowered their target price on shares of Chord Energy from $154.00 to $150.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company upped their target price on shares of Chord Energy from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Piper Sandler upped their target price on shares of Chord Energy from $159.00 to $164.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Bank of America lowered their target price on shares of Chord Energy from $114.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen lowered shares of Chord Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chord Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.54.

Insiders Place Their Bets

In related news, EVP Shannon Browning Kinney sold 3,091 shares of Chord Energy 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 transaction, the executive vice president owned 21,277 shares of the company's stock, valued at $2,002,165.70. This trade represents a 12.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

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.