Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,621 shares of the company’s stock after acquiring an additional 2,129 shares during the period. Janney Montgomery Scott LLC’s holdings in Chord Energy were worth $2,555,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHRD. AustralianSuper Pty Ltd acquired a new stake in Chord Energy in the third quarter worth $6,247,000. First Trust Direct Indexing L.P. acquired a new stake in Chord Energy in the third quarter worth $228,000. New York State Teachers Retirement System increased its position in Chord Energy by 0.4% in the third quarter. New York State Teachers Retirement System now owns 27,274 shares of the company’s stock worth $3,552,000 after buying an additional 100 shares during the period. Fortitude Family Office LLC acquired a new stake in Chord Energy in the third quarter worth $47,000. Finally, Nisa Investment Advisors LLC increased its position in Chord Energy by 22.5% in the third quarter. Nisa Investment Advisors LLC now owns 3,705 shares of the company’s stock worth $483,000 after buying an additional 680 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CHRD. Siebert Williams Shank raised Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Bank of America raised their price target on Chord Energy from $201.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group began coverage on Chord Energy in a report on Thursday, September 5th. They set a “hold” rating and a $160.00 price target on the stock. Truist Financial lowered their price target on Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, BMO Capital Markets lowered their price target on Chord Energy from $205.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Chord Energy Stock Down 0.3 %

Shares of Chord Energy stock opened at $131.67 on Tuesday. The stock has a 50-day moving average price of $131.92 and a 200 day moving average price of $155.59. The company has a market cap of $8.15 billion, a P/E ratio of 6.78, a P/E/G ratio of 5.12 and a beta of 0.98. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 1 year low of $123.30 and a 1 year high of $190.23.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data 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 business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm’s revenue was up 33.4% on a year-over-year basis. During the same period in the prior year, the company posted $5.04 earnings per share. As a group, analysts expect that Chord Energy Co. will post 17.07 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Insider Transactions at Chord Energy

In related news, Director Samantha Holroyd acquired 500 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now owns 14,417 shares of the company’s stock, valued at approximately $2,155,485.67. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

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.