Chord Energy Corporation $CHRD Shares Purchased by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Chord Energy Corporation by 9.2% during Q1, owning over 618,000 shares valued at approximately $69.7 million.
• Chord Energy announced a quarterly dividend of $1.30 per share, representing a 5.1% dividend yield, with a dividend payout ratio of 132.32%.
• Analyst ratings for Chord Energy are mixed, with two analysts rating it as a sell, while ten support a buy rating and one a strong buy rating.

Fuller & Thaler Asset Management Inc. boosted its stake in shares of Chord Energy Corporation (NASDAQ:CHRD - Free Report) by 9.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 618,738 shares of the company's stock after buying an additional 52,375 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.04% of Chord Energy worth $69,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Chord Energy by 6.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 791,958 shares of the company's stock valued at $89,198,000 after acquiring an additional 47,649 shares during the last quarter. Aurora Investment Counsel acquired a new position in Chord Energy in the 1st quarter valued at about $1,940,000. New York State Teachers Retirement System boosted its holdings in Chord Energy by 8.4% in the 1st quarter. New York State Teachers Retirement System now owns 29,190 shares of the company's stock valued at $3,290,000 after purchasing an additional 2,263 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Chord Energy by 56.9% in the 1st quarter. Perigon Wealth Management LLC now owns 35,642 shares of the company's stock valued at $4,018,000 after buying an additional 12,925 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Chord Energy by 309.8% during the 1st quarter. SG Americas Securities LLC now owns 11,092 shares of the company's stock worth $1,250,000 after buying an additional 8,385 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chord Energy

In other news, EVP Shannon Browning Kinney sold 1,000 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $101.64, for a total value of $101,640.00. Following the sale, the executive vice president directly owned 17,669 shares in the company, valued at approximately $1,795,877.16. This trade represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler upped their price objective on Chord Energy from $164.00 to $166.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Mizuho reduced their target price on Chord Energy from $154.00 to $150.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price target on Chord Energy from $143.00 to $146.00 and gave the company an "overweight" rating in a research note on Friday, August 15th. Wall Street Zen downgraded Chord Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Finally, Bank of America reduced their price objective 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $148.92.

Chord Energy Trading Up 3.9%

NASDAQ CHRD traded up $3.93 during trading on Friday, hitting $105.93. The stock had a trading volume of 660,381 shares, compared to its average volume of 795,202. 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 company has a market capitalization of $6.07 billion, a PE ratio of 26.95 and a beta of 0.97. The firm has a 50 day moving average price of $104.50 and a 200 day moving average price of $101.73. Chord Energy Corporation has a twelve month low of $79.83 and a twelve month high of $154.75.

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

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Thursday, August 21st will be paid a $1.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $5.20 annualized dividend and a dividend yield of 4.9%. Chord Energy's payout ratio is 132.32%.

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.