Chord Energy Co. (NASDAQ:CHRD) Shares Bought by Delta Capital Management LLC

Delta Capital Management LLC grew its holdings in Chord Energy Co. (NASDAQ:CHRD) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,200 shares of the company’s stock after acquiring an additional 90 shares during the quarter. Delta Capital Management LLC’s holdings in Chord Energy were worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CHRD. Brooklyn Investment Group purchased a new position in shares of Chord Energy in the fourth quarter worth $29,000. Albert D Mason Inc. increased its position in shares of Chord Energy by 70.9% in the 4th quarter. Albert D Mason Inc. now owns 5,543 shares of the company’s stock valued at $648,000 after acquiring an additional 2,299 shares during the period. Merit Financial Group LLC purchased a new position in Chord Energy in the 4th quarter worth $553,000. Tallon Kerry Patrick acquired a new stake in Chord Energy during the 4th quarter worth about $204,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Chord Energy by 5.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,622 shares of the company’s stock valued at $657,000 after purchasing an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Trading Up 0.0 %

Shares of Chord Energy stock opened at $126.31 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $122.27 and its 200-day simple moving average is $137.67. The stock has a market cap of $7.72 billion, a P/E ratio of 6.50, a P/E/G ratio of 5.57 and a beta of 0.99. Chord Energy Co. has a 1-year low of $109.59 and a 1-year high of $190.23.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.63 by ($0.23). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The firm’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.04 earnings per share. Analysts predict that Chord Energy Co. will post 16.33 EPS for the current fiscal year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.96%. Chord Energy’s payout ratio is currently 25.75%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Truist Financial raised their price objective on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. BMO Capital Markets reduced their price target on shares of Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Royal Bank of Canada dropped their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Siebert Williams Shank raised shares of Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Mizuho lowered their target price on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $173.08.

Insider Activity at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the sale, the chief accounting officer now directly owns 19,488 shares in the company, valued at $2,267,428.80. This represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

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.