Chord Energy Co. (NASDAQ:CHRD) Holdings Boosted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,071 shares of the company's stock after acquiring an additional 3,359 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.06% of Chord Energy worth $4,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delta Capital Management LLC raised its position in shares of Chord Energy by 4.3% during the 4th quarter. Delta Capital Management LLC now owns 2,200 shares of the company's stock worth $257,000 after purchasing an additional 90 shares during the period. Gables Capital Management Inc. grew its stake in Chord Energy by 6.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,550 shares of the company's stock worth $181,000 after buying an additional 100 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Chord Energy by 2.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company's stock worth $434,000 after buying an additional 106 shares during the period. Exchange Traded Concepts LLC increased its position in Chord Energy by 1.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company's stock worth $718,000 after buying an additional 110 shares during the period. Finally, Blue Trust Inc. lifted its stake in Chord Energy by 4.0% in the fourth quarter. Blue Trust Inc. now owns 3,334 shares of the company's stock valued at $390,000 after buying an additional 128 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Price Performance

Chord Energy stock traded down $0.59 during midday trading on Friday, hitting $93.04. The company's stock had a trading volume of 977,188 shares, compared to its average volume of 981,154. Chord Energy Co. has a 12 month low of $79.83 and a 12 month high of $188.02. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $5.53 billion, a PE ratio of 4.79, a price-to-earnings-growth ratio of 5.83 and a beta of 0.99. The stock's 50-day moving average price is $98.60 and its 200-day moving average price is $112.69.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $4.04 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 19.74% and a return on equity of 12.88%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $5.10 EPS. Analysts anticipate that Chord Energy Co. will post 15.59 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Wednesday, May 21st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date is Wednesday, May 21st. Chord Energy's payout ratio is 32.62%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHRD. Citigroup dropped their price objective on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Morgan Stanley set a $139.00 price target on Chord Energy and gave the company a "cautious" rating in a report on Wednesday, March 26th. Truist Financial increased their price objective on Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Wells Fargo & Company reduced their price target on Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Bank of America raised Chord Energy from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $125.00 to $114.00 in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $156.08.

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.