Segall Bryant & Hamill LLC Boosts Stock Holdings in Chord Energy Corporation (NASDAQ:CHRD)

Segall Bryant & Hamill LLC raised its position in shares of Chord Energy Corporation (NASDAQ:CHRD - Free Report) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,955 shares of the company's stock after buying an additional 4,312 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.17% of Chord Energy worth $11,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Chord Energy by 2.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company's stock valued at $434,000 after purchasing an additional 106 shares in the last quarter. MGO One Seven LLC grew its position 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. ProShare Advisors LLC boosted its holdings in Chord Energy by 6.0% during the fourth quarter. ProShare Advisors LLC now owns 2,861 shares of the company's stock valued at $335,000 after purchasing an additional 163 shares in the last quarter. Signaturefd LLC raised its stake in shares of Chord Energy by 6.2% in the fourth quarter. Signaturefd LLC now owns 3,046 shares of the company's stock valued at $356,000 after acquiring an additional 177 shares during the last quarter. Finally, Cynosure Group LLC raised its stake in shares of Chord Energy by 2.3% in the fourth quarter. Cynosure Group LLC now owns 8,149 shares of the company's stock valued at $953,000 after acquiring an additional 181 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler increased their price target on shares of Chord Energy from $159.00 to $164.00 and gave the company an "overweight" rating in a report on Thursday. Mizuho lowered their price target 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. Citigroup raised their target price on shares of Chord Energy from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Bank of America decreased 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. Two analysts have rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $151.54.

Chord Energy Stock Up 0.4%

Shares of NASDAQ CHRD traded up $0.43 during midday trading on Friday, hitting $106.40. The stock had a trading volume of 510,334 shares, compared to its average volume of 854,816. The business's 50 day moving average is $99.30 and its 200-day moving average is $104.37. The company has a market cap of $6.15 billion, a P/E ratio of 7.12 and a beta of 0.96. Chord Energy Corporation has a 52 week low of $79.83 and a 52 week high of $177.28. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 0.09.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued 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. 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 the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $5.10 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts predict that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $5.20 annualized dividend and a yield of 4.89%. Chord Energy's payout ratio is 34.78%.

Insiders Place Their Bets

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,091 shares of the stock in a transaction 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 owned 21,277 shares in the company, valued at $2,002,165.70. This trade represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company's stock.

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.