6,864 Shares in Chord Energy Co. (NASDAQ:CHRD) Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP purchased a new stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,864 shares of the company's stock, valued at approximately $803,000.

Other hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in Chord Energy in the 4th quarter valued at approximately $25,000. Twin Tree Management LP bought a new position in Chord Energy in the 4th quarter valued at approximately $33,000. Larson Financial Group LLC raised its holdings in Chord Energy by 238.3% in the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company's stock valued at $37,000 after buying an additional 224 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Chord Energy by 1,751.9% in the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company's stock valued at $58,000 after buying an additional 473 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Chord Energy in the 4th quarter valued at approximately $77,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Trading Down 3.3%

Shares of NASDAQ:CHRD traded down $3.20 during mid-day trading on Wednesday, hitting $92.53. The company had a trading volume of 915,908 shares, compared to its average volume of 930,462. The firm has a fifty day moving average price of $93.76 and a 200 day moving average price of $108.46. The company has a market capitalization of $5.34 billion, a PE ratio of 4.76, a price-to-earnings-growth ratio of 5.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. Chord Energy Co. has a one year low of $79.83 and a one year high of $181.17.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.44. The company 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%. Chord Energy's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.10 EPS. As a group, research analysts forecast that Chord Energy Co. will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.62%. Chord Energy's dividend payout ratio (DPR) is presently 34.78%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHRD. Citigroup dropped their price objective on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a report on Monday, April 7th. Piper Sandler dropped their price objective 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. Mizuho dropped their price objective on shares of Chord Energy from $154.00 to $150.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company lowered their price target on shares of Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of Chord Energy from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chord Energy has an average rating of "Moderate Buy" and a consensus target price of $153.77.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,091 shares of Chord Energy 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 transaction, the executive vice president now directly owns 21,277 shares of the company's stock, valued at $2,002,165.70. The trade was a 12.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by company 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.