Hsbc Holdings PLC Sells 13,320 Shares of Chord Energy Co. (NASDAQ:CHRD)

Hsbc Holdings PLC trimmed its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 63.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,711 shares of the company's stock after selling 13,320 shares during the quarter. Hsbc Holdings PLC's holdings in Chord Energy were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. ClearAlpha Technologies LP bought a new stake in Chord Energy during the 4th quarter worth approximately $207,000. Tower Research Capital LLC TRC increased its stake in shares of Chord Energy by 117.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,429 shares of the company's stock valued at $635,000 after buying an additional 2,934 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Chord Energy by 58.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 31,860 shares of the company's stock valued at $3,725,000 after buying an additional 11,707 shares during the last quarter. MetLife Investment Management LLC lifted its position in Chord Energy by 7.8% during the 4th quarter. MetLife Investment Management LLC now owns 34,466 shares of the company's stock worth $4,030,000 after buying an additional 2,484 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Chord Energy by 31.8% during the 4th quarter. First Trust Advisors LP now owns 415,219 shares of the company's stock worth $48,547,000 after acquiring an additional 100,197 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Chord Energy Trading Up 3.9 %

NASDAQ:CHRD traded up $3.49 during trading hours on Thursday, hitting $93.63. The stock had a trading volume of 1,232,479 shares, compared to its average volume of 979,318. The business's 50 day moving average is $98.83 and its 200-day moving average is $112.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 4.82, a P/E/G ratio of 5.83 and a beta of 0.99. Chord Energy Co. has a one year low of $79.83 and a one year high of $188.02.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.60 by $0.44. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.07 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.10 EPS. Sell-side analysts anticipate that Chord Energy Co. will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Wednesday, May 21st. Chord Energy's dividend payout ratio (DPR) is presently 32.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports 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 on the stock in a research report on Friday, April 11th. Piper Sandler reduced their price objective on Chord Energy from $184.00 to $183.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Citigroup lowered their target price on Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Wells Fargo & Company decreased their price target on Chord Energy from $166.00 to $158.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Bank of America upgraded Chord Energy from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $125.00 to $114.00 in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chord Energy currently has a consensus rating of "Moderate Buy" and an average target price of $156.08.

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.