GTS Securities LLC Takes Position in Chord Energy Co. (NASDAQ:CHRD)

GTS Securities LLC bought a new stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 10,116 shares of the company's stock, valued at approximately $1,183,000.

Other institutional investors also recently bought and sold shares of the company. Gables Capital Management Inc. raised its position in Chord Energy by 6.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,550 shares of the company's stock valued at $181,000 after purchasing an additional 100 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Chord Energy by 2.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company's stock worth $434,000 after buying an additional 106 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Chord Energy by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company's stock worth $718,000 after buying an additional 110 shares in the last quarter. MGO One Seven LLC grew its position in shares of Chord Energy by 6.7% during the fourth quarter. MGO One Seven LLC now owns 1,775 shares of the company's stock worth $208,000 after buying an additional 111 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Chord Energy by 4.0% during the fourth quarter. Blue Trust Inc. now owns 3,334 shares of the company's stock worth $390,000 after buying an additional 128 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,091 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $94.10, for a total value of $290,863.10. Following the completion of the transaction, the executive vice president now 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CHRD shares. Wells Fargo & Company lowered their price objective on Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Bank of America lowered their price objective on Chord Energy from $114.00 to $112.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Mizuho lowered their price objective on Chord Energy from $154.00 to $150.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Piper Sandler lowered their price target on Chord Energy from $184.00 to $183.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Citigroup cut their price objective on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chord Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.77.

Chord Energy Stock Performance

Shares of CHRD traded down $1.12 during mid-day trading on Wednesday, reaching $90.03. 524,949 shares of the company's stock were exchanged, compared to its average volume of 978,153. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market capitalization of $5.20 billion, a PE ratio of 4.64, a price-to-earnings-growth ratio of 5.83 and a beta of 0.99. The business's fifty day simple moving average is $95.41 and its 200-day simple moving average is $109.64. Chord Energy Co. has a 52-week low of $79.83 and a 52-week high of $188.02.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its earnings results 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. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm posted $5.10 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that Chord Energy Co. will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend is Wednesday, May 21st. Chord Energy's dividend payout ratio (DPR) is presently 34.78%.

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.