Dimensional Fund Advisors LP Grows Position in Chord Energy Co. (NASDAQ:CHRD)

Dimensional Fund Advisors LP boosted its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 670,548 shares of the company's stock after purchasing an additional 21,399 shares during the quarter. Dimensional Fund Advisors LP owned 1.62% of Chord Energy worth $111,468,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CHRD. Contravisory Investment Management Inc. boosted its stake in Chord Energy by 48.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 259 shares of the company's stock valued at $43,000 after purchasing an additional 85 shares during the period. SRS Capital Advisors Inc. boosted its stake in Chord Energy by 306.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 293 shares of the company's stock valued at $49,000 after buying an additional 221 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Chord Energy by 67.6% during the fourth quarter. Lindbrook Capital LLC now owns 305 shares of the company's stock valued at $51,000 after acquiring an additional 123 shares in the last quarter. Viking Fund Management LLC raised its position in shares of Chord Energy by 40.0% during the fourth quarter. Viking Fund Management LLC now owns 350 shares of the company's stock worth $58,000 after purchasing an additional 100 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Chord Energy by 15.4% during the 3rd quarter. Fifth Third Bancorp now owns 526 shares of the company's stock valued at $85,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 97.76% of the company's stock.

Chord Energy Price Performance

CHRD traded down $1.46 during midday trading on Tuesday, hitting $180.39. The stock had a trading volume of 776,728 shares, compared to its average volume of 666,505. The company has a market cap of $7.52 billion, a P/E ratio of 8.47 and a beta of 1.07. Chord Energy Co. has a 1 year low of $142.02 and a 1 year high of $190.23. The business has a fifty day moving average of $178.75 and a 200 day moving average of $166.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.07 and a current ratio of 1.14.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates of $4.75 by $0.35. Chord Energy had a return on equity of 16.57% and a net margin of 22.67%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $771.87 million. During the same quarter in the previous year, the company posted $4.50 EPS. Chord Energy's revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equities analysts forecast that Chord Energy Co. will post 22.53 earnings per share for the current fiscal year.

Chord Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $2.94 per share. This represents a $11.76 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Tuesday, May 21st. Chord Energy's payout ratio is 23.46%.

Analyst Upgrades and Downgrades

CHRD has been the subject of several analyst reports. Mizuho increased their target price on shares of Chord Energy from $195.00 to $214.00 and gave the company a "buy" rating in a report on Monday, May 13th. Piper Sandler lifted their target price on shares of Chord Energy from $230.00 to $231.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 14th. Truist Financial dropped their price target on shares of Chord Energy from $229.00 to $224.00 and set a "buy" rating on the stock in a research note on Friday, April 5th. Royal Bank of Canada increased their price objective on Chord Energy from $180.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday, April 29th. Finally, Stifel Nicolaus raised their price target on shares of Chord Energy from $178.00 to $211.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Chord Energy has a consensus rating of "Moderate Buy" and an average target price of $195.50.

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.