Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. trimmed its position in Chord Energy Co. (NASDAQ:CHRD) by 17.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,933 shares of the company’s stock after selling 419 shares during the period. Benjamin Edwards Inc.’s holdings in Chord Energy were worth $324,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHRD. Janney Montgomery Scott LLC boosted its holdings in Chord Energy by 2.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,531 shares of the company’s stock worth $1,086,000 after buying an additional 175 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Chord Energy by 94.3% in the 4th quarter. Quadrant Capital Group LLC now owns 406 shares of the company’s stock worth $67,000 after buying an additional 197 shares during the last quarter. Assetmark Inc. boosted its holdings in Chord Energy by 23.4% in the 4th quarter. Assetmark Inc. now owns 1,206 shares of the company’s stock worth $200,000 after buying an additional 229 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Chord Energy by 13.9% in the 4th quarter. Neuberger Berman Group LLC now owns 6,012 shares of the company’s stock worth $999,000 after buying an additional 732 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Chord Energy by 26.3% in the 4th quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock worth $199,000 after buying an additional 250 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wolfe Research assumed coverage on Chord Energy in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Jefferies Financial Group assumed coverage on Chord Energy in a report on Thursday, September 5th. They set a “hold” rating and a $160.00 target price on the stock. Piper Sandler lowered their target price on Chord Energy from $234.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Bank of America boosted their target price on Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, BMO Capital Markets assumed coverage on Chord Energy in a report on Monday, June 3rd. They set an “outperform” rating and a $230.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $202.10.

Chord Energy Stock Up 0.3 %

CHRD stock opened at $136.73 on Friday. The firm has a market cap of $5.70 billion, a PE ratio of 6.42, a PEG ratio of 4.48 and a beta of 0.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.96. The firm’s 50 day moving average price is $152.80 and its 200-day moving average price is $167.18. Chord Energy Co. has a one year low of $129.75 and a one year high of $190.23.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $5.00 by ($0.31). The firm had revenue of $902.70 million for the quarter, compared to analysts’ expectations of $982.43 million. Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.65 EPS. On average, equities research analysts anticipate that Chord Energy Co. will post 19.67 EPS for the current year.

Chord Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Wednesday, August 21st. Chord Energy’s payout ratio is 23.46%.

Insider Buying and Selling at Chord Energy

In other news, Director Samantha Holroyd bought 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $149.51 per share, with a total value of $74,755.00. Following the completion of the transaction, the director now directly owns 14,417 shares in the company, valued at $2,155,485.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

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.