Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lessened its holdings in shares of Chord Energy Co. (NASDAQ:CHRDFree Report) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,877 shares of the company’s stock after selling 1,300 shares during the period. Foster & Motley Inc.’s holdings in Chord Energy were worth $921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHRD. Hexagon Capital Partners LLC grew its holdings in Chord Energy by 462.9% during the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after acquiring an additional 162 shares during the period. Stone House Investment Management LLC acquired a new position in Chord Energy during the third quarter worth $26,000. Brooklyn Investment Group acquired a new position in Chord Energy during the fourth quarter worth $29,000. UMB Bank n.a. grew its holdings in Chord Energy by 77.7% during the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after acquiring an additional 101 shares during the period. Finally, Spartan Fund Management Inc. acquired a new position in Chord Energy during the third quarter worth $34,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CHRD shares. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a research report on Friday, January 3rd. Bank of America reiterated a “neutral” rating and set a $138.00 target price (down from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. Piper Sandler decreased their target price on Chord Energy from $194.00 to $193.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their target price on Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada decreased their target price on Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chord Energy has a consensus rating of “Moderate Buy” and an average target price of $173.08.

Check Out Our Latest Stock Report on Chord Energy

Chord Energy Stock Performance

Chord Energy stock opened at $115.70 on Friday. The firm has a market capitalization of $7.07 billion, a P/E ratio of 5.96, a PEG ratio of 6.35 and a beta of 0.99. The stock has a fifty day moving average price of $120.45 and a 200 day moving average price of $134.71. Chord Energy Co. has a 52 week low of $109.59 and a 52 week high of $190.23. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy (NASDAQ:CHRDGet Free Report) last released its earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 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 33.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.04 earnings per share. Equities research analysts anticipate that Chord Energy Co. will post 15.59 earnings per share for the current year.

Chord Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $1.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 4.32%. Chord Energy’s payout ratio is currently 25.75%.

Insider Activity at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $121.27, for a total transaction of $121,270.00. Following the completion of the sale, the chief accounting officer now directly owns 20,488 shares in the company, valued at $2,484,579.76. This represents a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

About Chord Energy

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Chord Energy (NASDAQ:CHRD)

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