Mutual of America Capital Management LLC Boosts Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Mutual of America Capital Management LLC grew its position in Chord Energy Co. (NASDAQ:CHRD) by 44.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,604 shares of the company’s stock after purchasing an additional 11,010 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of Chord Energy worth $5,970,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CHRD. Rise Advisors LLC acquired a new position in Chord Energy in the 1st quarter worth approximately $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Chord Energy in the second quarter worth $40,000. GAMMA Investing LLC raised its holdings in shares of Chord Energy by 151.6% during the second quarter. GAMMA Investing LLC now owns 317 shares of the company’s stock worth $53,000 after purchasing an additional 191 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in Chord Energy during the second quarter valued at $60,000. Finally, Quadrant Capital Group LLC boosted its holdings in Chord Energy by 94.3% in the fourth quarter. Quadrant Capital Group LLC now owns 406 shares of the company’s stock valued at $67,000 after purchasing an additional 197 shares during the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chord Energy

In other news, Director Samantha Holroyd purchased 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $149.51 per share, with a total value of $74,755.00. Following the transaction, the director now owns 14,417 shares in the company, valued at approximately $2,155,485.67. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHRD. Wolfe Research started coverage on Chord Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Jefferies Financial Group initiated coverage on shares of Chord Energy in a research note on Thursday, September 5th. They issued a “hold” rating and a $160.00 target price for the company. BMO Capital Markets initiated coverage on shares of Chord Energy in a research report on Monday, June 3rd. They set an “outperform” rating and a $230.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Chord Energy in a research note on Friday. Finally, Bank of America lifted their price target on Chord Energy from $201.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.10.

Chord Energy Stock Up 0.3 %

NASDAQ CHRD opened at $136.73 on Friday. The business has a fifty day moving average price of $152.80 and a 200 day moving average price of $167.15. 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 company has a market cap of $5.70 billion, a P/E ratio of 6.42, a P/E/G ratio of 4.48 and a beta of 0.99. Chord Energy Co. has a one year low of $129.75 and a one year high of $190.23.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The business had revenue of $902.70 million during the quarter, compared to analyst estimates of $982.43 million. During the same quarter last year, the company earned $3.65 earnings per share. Chord Energy’s quarterly revenue was up 29.8% on a year-over-year basis. Research analysts anticipate that Chord Energy Co. will post 19.67 EPS for the current fiscal year.

Chord Energy Cuts Dividend

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

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.