Y Intercept Hong Kong Ltd Sells 27,154 Shares of Chord Energy Corporation (NASDAQ:CHRD)

Y Intercept Hong Kong Ltd reduced its position in shares of Chord Energy Corporation (NASDAQ:CHRD - Free Report) by 70.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,308 shares of the company's stock after selling 27,154 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Chord Energy were worth $1,275,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. GW&K Investment Management LLC raised its stake in Chord Energy by 8.4% during the 1st quarter. GW&K Investment Management LLC now owns 227,652 shares of the company's stock valued at $25,661,000 after purchasing an additional 17,625 shares during the period. Lindbrook Capital LLC raised its stake in Chord Energy by 264.1% during the 1st quarter. Lindbrook Capital LLC now owns 2,443 shares of the company's stock valued at $275,000 after purchasing an additional 1,772 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in Chord Energy by 2.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 32,537 shares of the company's stock valued at $3,668,000 after purchasing an additional 677 shares during the period. South Dakota Investment Council raised its stake in Chord Energy by 17.4% during the 1st quarter. South Dakota Investment Council now owns 135,369 shares of the company's stock valued at $15,259,000 after purchasing an additional 20,067 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in Chord Energy by 4.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 99,955 shares of the company's stock valued at $11,267,000 after purchasing an additional 4,312 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup boosted their price target on shares of Chord Energy from $120.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Bank of America lowered their price target on shares of Chord Energy from $114.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company boosted their price target on shares of Chord Energy from $142.00 to $143.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Piper Sandler boosted 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, July 17th. Finally, Royal Bank Of Canada decreased their price objective on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chord Energy currently has an average rating of "Moderate Buy" and an average target price of $151.54.

Chord Energy Stock Performance

NASDAQ CHRD traded up $2.93 during trading on Monday, reaching $111.65. The company's stock had a trading volume of 141,597 shares, compared to its average volume of 842,266. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 7.48 and a beta of 0.96. Chord Energy Corporation has a 12 month low of $79.83 and a 12 month high of $173.56. The firm has a 50 day moving average price of $100.37 and a 200 day moving average price of $103.69.

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 (EPS) for the quarter, topping 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 business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the company earned $5.10 EPS. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.66%. The ex-dividend date was Wednesday, May 21st. Chord Energy's dividend payout ratio (DPR) is currently 34.78%.

Insiders Place Their Bets

In other news, EVP Shannon Browning Kinney sold 3,091 shares of the business'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 sale, the executive vice president directly owned 21,277 shares of the company's stock, valued at $2,002,165.70. The trade was a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company 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.