Nomura Holdings Inc. Takes $981,000 Position in Chord Energy Co. (NASDAQ:CHRD)

Nomura Holdings Inc. bought a new stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,387 shares of the company's stock, valued at approximately $981,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Gables Capital Management Inc. boosted its holdings in shares of Chord Energy by 6.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,550 shares of the company's stock valued at $181,000 after acquiring an additional 100 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in 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 boosted its holdings in 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 boosted its holdings in 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. boosted its holdings in 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. Hedge funds and other institutional investors own 97.76% of the company's stock.

Insider Activity

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 completion of the transaction, the executive vice president now owns 21,277 shares of the company's stock, valued at approximately $2,002,165.70. This represents a 12.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.

Chord Energy Stock Performance

NASDAQ:CHRD opened at $95.03 on Tuesday. The firm has a 50 day simple moving average of $97.84 and a 200-day simple moving average of $111.26. 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 firm has a market cap of $5.49 billion, a PE ratio of 4.89, a P/E/G ratio of 5.83 and a beta of 0.99. Chord Energy Co. has a 1-year low of $79.83 and a 1-year high of $188.02.

Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.44. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.07 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company's revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.10 earnings per share. On average, equities analysts expect that Chord Energy Co. will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 21st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Wednesday, May 21st. Chord Energy's dividend payout ratio is presently 34.78%.

Analyst Upgrades and Downgrades

CHRD has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Morgan Stanley set a $139.00 price objective on shares of Chord Energy and gave the stock a "cautious" rating in a report on Wednesday, March 26th. Mizuho decreased their price objective 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. Bank of America upgraded shares of Chord Energy from a "neutral" rating to a "buy" rating and cut their target price for the stock from $125.00 to $114.00 in a research report on Tuesday, April 29th. Finally, Williams Trading set a $155.00 target price on shares of Chord Energy in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chord Energy has an average rating of "Moderate Buy" and an average target price of $153.92.

Chord Energy 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.

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