United Capital Management of KS Inc. Grows Position in Chord Energy Co. (NASDAQ:CHRD)

United Capital Management of KS Inc. grew its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,374 shares of the company’s stock after acquiring an additional 1,190 shares during the period. United Capital Management of KS Inc.’s holdings in Chord Energy were worth $2,914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Chord Energy by 397.5% during the second quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company’s stock worth $266,454,000 after buying an additional 1,269,658 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Chord Energy by 72.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company’s stock valued at $297,090,000 after buying an additional 741,705 shares in the last quarter. Boston Partners lifted its position in shares of Chord Energy by 107.0% during the 1st quarter. Boston Partners now owns 1,305,942 shares of the company’s stock valued at $232,813,000 after acquiring an additional 674,965 shares during the period. Millennium Management LLC boosted its stake in shares of Chord Energy by 226.5% during the 2nd quarter. Millennium Management LLC now owns 696,488 shares of the company’s stock worth $116,787,000 after acquiring an additional 483,144 shares in the last quarter. Finally, KGH Ltd grew its holdings in shares of Chord Energy by 872.0% in the 2nd quarter. KGH Ltd now owns 485,998 shares of the company’s stock worth $81,492,000 after acquiring an additional 435,998 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chord Energy

In other news, Director Samantha Holroyd bought 500 shares of Chord Energy stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $149.51 per share, with a total value of $74,755.00. Following the completion of the transaction, the director now owns 14,417 shares in the company, valued at approximately $2,155,485.67. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets reduced their price objective on Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Truist Financial cut their price target on Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Wells Fargo & Company lowered their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Chord Energy in a report on Friday, September 20th. Finally, Jefferies Financial Group began coverage on shares of Chord Energy in a report on Thursday, September 5th. They issued a “hold” rating and a $160.00 price target on the stock. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $190.18.

Chord Energy Trading Down 0.6 %

Shares of CHRD opened at $132.01 on Monday. The stock’s fifty day simple moving average is $132.26 and its 200 day simple moving average is $155.97. Chord Energy Co. has a twelve month low of $123.30 and a twelve month high of $190.23. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $8.17 billion, a P/E ratio of 6.80, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). The firm 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% on a year-over-year basis. During the same period in the prior year, the firm earned $5.04 earnings per share. On average, equities research analysts forecast that Chord Energy Co. will post 17.07 earnings per share for the current year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.79%. The ex-dividend date is Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

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.