Hennion & Walsh Asset Management Inc. Has $657,000 Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Hennion & Walsh Asset Management Inc. raised its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,622 shares of the company’s stock after purchasing an additional 284 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Chord Energy were worth $657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CHRD. FMR LLC boosted its stake in Chord Energy by 2.2% during the third quarter. FMR LLC now owns 3,420,012 shares of the company’s stock worth $445,388,000 after buying an additional 74,165 shares in the last quarter. State Street Corp lifted its holdings in shares of Chord Energy by 0.9% during the third quarter. State Street Corp now owns 2,485,777 shares of the company’s stock valued at $323,723,000 after acquiring an additional 22,753 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Chord Energy by 41.3% during the third quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock valued at $292,423,000 after acquiring an additional 656,374 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Chord Energy by 8,762.1% during the third quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock valued at $162,141,000 after acquiring an additional 1,230,985 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Chord Energy by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock valued at $151,077,000 after acquiring an additional 34,156 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Buying and Selling at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the sale, the chief accounting officer now owns 19,488 shares in the company, valued at $2,267,428.80. This represents a 4.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHRD. UBS Group cut their price target on Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a report on Monday, December 9th. Wolfe Research raised Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target for the company in a report on Friday, January 3rd. Wells Fargo & Company dropped their price objective on Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Truist Financial boosted their price objective on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, BMO Capital Markets dropped 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. Three research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.08.

Chord Energy Price Performance

Shares of CHRD opened at $126.31 on Tuesday. The firm has a market capitalization of $7.72 billion, a PE ratio of 6.50, a P/E/G ratio of 5.57 and a beta of 0.99. The stock has a 50 day simple moving average of $122.16 and a 200 day simple moving average of $137.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. Chord Energy Co. has a 52-week low of $109.59 and a 52-week high of $190.23.

Chord Energy (NASDAQ:CHRD) 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 firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company’s revenue was up 33.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.04 EPS. Sell-side analysts predict that Chord Energy Co. will post 16.33 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.96%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s payout ratio is 25.75%.

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.