Chord Energy Co. (NASDAQ:CHRD) Position Increased by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. raised its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 197.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,477 shares of the company's stock after acquiring an additional 6,288 shares during the quarter. Tealwood Asset Management Inc.'s holdings in Chord Energy were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Chord Energy by 11.5% during the 4th quarter. FMR LLC now owns 3,814,384 shares of the company's stock worth $445,978,000 after purchasing an additional 394,372 shares during the last quarter. Victory Capital Management Inc. grew its stake in Chord Energy by 27.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock worth $334,912,000 after acquiring an additional 619,021 shares during the period. Boston Partners raised its holdings in Chord Energy by 5.6% in the 4th quarter. Boston Partners now owns 2,186,483 shares of the company's stock valued at $255,684,000 after acquiring an additional 115,215 shares during the last quarter. American Century Companies Inc. grew its position in shares of Chord Energy by 15.0% in the fourth quarter. American Century Companies Inc. now owns 1,116,073 shares of the company's stock valued at $130,491,000 after purchasing an additional 145,627 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in Chord Energy by 19.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 855,381 shares of the company's stock valued at $100,011,000 after buying an additional 136,751 shares during the period. Institutional investors and hedge funds own 97.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CHRD shares. Piper Sandler lowered their price target on shares of Chord Energy from $184.00 to $183.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley set a $139.00 target price on Chord Energy and gave the stock a "cautious" rating in a research report on Wednesday, March 26th. Bank of America reduced their price target on Chord Energy from $114.00 to $112.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Williams Trading set a $155.00 price objective on Chord Energy in a research note on Wednesday, March 5th. Finally, Citigroup cut their target price on Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $153.77.

Chord Energy Stock Performance

CHRD stock traded up $2.06 during midday trading on Tuesday, reaching $99.55. The company had a trading volume of 803,976 shares, compared to its average volume of 899,421. The firm has a market capitalization of $5.75 billion, a PE ratio of 5.13, a P/E/G ratio of 5.83 and a beta of 0.96. The stock has a 50 day moving average price of $92.29 and a 200 day moving average price of $107.22. Chord Energy Co. has a fifty-two week low of $79.83 and a fifty-two week high of $181.17. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

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 (EPS) for the quarter, topping 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 return on equity of 12.88% and a net margin of 19.74%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $5.10 EPS. Analysts anticipate that Chord Energy Co. will post 15.59 earnings per share for the current year.

Chord Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 21st were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.22%. Chord Energy's dividend payout ratio (DPR) is 34.78%.

Insider Buying and Selling 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 transaction 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 trade represents a 12.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

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.