Janus Henderson Group PLC Acquires 14,769 Shares of Chord Energy Co. (NASDAQ:CHRD)

Janus Henderson Group PLC boosted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 301,852 shares of the company's stock after buying an additional 14,769 shares during the quarter. Janus Henderson Group PLC owned approximately 0.49% of Chord Energy worth $35,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHRD. Altshuler Shaham Ltd purchased a new stake in Chord Energy during the fourth quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new stake in Chord Energy during the fourth quarter valued at approximately $29,000. Twin Tree Management LP purchased a new stake in Chord Energy during the fourth quarter valued at approximately $33,000. Larson Financial Group LLC increased its holdings in Chord Energy by 238.3% during the fourth 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. Finally, R Squared Ltd purchased a new stake in Chord Energy during the fourth quarter valued at approximately $51,000. 97.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,091 shares of the 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 completion of the transaction, the executive vice president now owns 21,277 shares in the company, valued at $2,002,165.70. This trade represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company's stock.

Chord Energy Stock Performance

Shares of NASDAQ CHRD opened at $97.98 on Thursday. 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 $5.83 billion, a P/E ratio of 5.05, a P/E/G ratio of 5.83 and a beta of 0.99. The firm's fifty day moving average is $98.36 and its two-hundred day moving average is $112.07. Chord Energy Co. has a 52-week low of $79.83 and a 52-week high of $188.02.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released 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. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $5.10 EPS. The business's revenue was up 12.0% on a year-over-year basis. As a group, analysts anticipate that Chord Energy Co. will post 15.59 EPS for the current fiscal year.

Chord Energy Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend is Wednesday, May 21st. Chord Energy's dividend payout ratio (DPR) is presently 34.78%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley set a $139.00 target price on shares of Chord Energy and gave the company a "cautious" rating in a report on Wednesday, March 26th. Mizuho reduced their target price on shares of Chord Energy from $154.00 to $150.00 and set an "outperform" rating for the company in a report on Tuesday. Wells Fargo & Company reduced their price objective on shares of Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Piper Sandler reduced their price objective on shares of Chord Energy from $184.00 to $183.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Bank of America raised shares of Chord Energy from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $125.00 to $114.00 in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $153.92.

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.

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