Segall Bryant & Hamill LLC Purchases 4,312 Shares of Chord Energy Corporation (NASDAQ:CHRD)

Segall Bryant & Hamill LLC grew its stake in shares of Chord Energy Corporation (NASDAQ:CHRD - Free Report) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,955 shares of the company's stock after purchasing an additional 4,312 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.17% of Chord Energy worth $11,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CHRD. Altshuler Shaham Ltd bought a new position in Chord Energy in the 4th quarter worth approximately $25,000. Twin Tree Management LP purchased a new position in shares of Chord Energy during the 4th quarter valued at $33,000. Hexagon Capital Partners LLC grew its position in shares of Chord Energy by 321.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 447 shares of the company's stock valued at $50,000 after purchasing an additional 341 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Chord Energy by 195.8% during the 1st quarter. Fifth Third Bancorp now owns 698 shares of the company's stock valued at $79,000 after purchasing an additional 462 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Chord Energy during the 4th quarter valued at $80,000. Institutional investors and hedge funds own 97.76% of the company's stock.

Insider Activity at Chord Energy

In other news, EVP Shannon Browning Kinney sold 3,091 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $94.10, for a total value of $290,863.10. Following the completion of the sale, the executive vice president owned 21,277 shares in the company, valued at approximately $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 the SEC website. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CHRD has been the subject of several recent research reports. Morgan Stanley set a $139.00 price target on shares of Chord Energy and gave the stock a "cautious" rating in a research note on Wednesday, March 26th. Royal Bank Of Canada lowered their price target 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. Citigroup upped their price objective on shares of Chord Energy from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Wells Fargo & Company upped their price objective on shares of Chord Energy from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Bank of America lowered their price objective on shares of Chord Energy from $114.00 to $112.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.54.

Chord Energy Stock Performance

CHRD traded up $0.43 during trading on Friday, hitting $106.40. The company's stock had a trading volume of 510,334 shares, compared to its average volume of 855,718. The firm has a market cap of $6.15 billion, a PE ratio of 7.12 and a beta of 0.96. Chord Energy Corporation has a one year low of $79.83 and a one year high of $175.55. The business's 50 day simple moving average is $99.30 and its 200-day simple moving average is $104.18. 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 announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.60 by $0.44. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.07 billion. Chord Energy had a net margin of 16.15% and a return on equity of 10.34%. The company's revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $5.10 EPS. As a group, sell-side analysts predict that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 21st were paid a $1.30 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.89%. Chord Energy's payout ratio is currently 34.78%.

Chord Energy Company 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.