Vanguard Personalized Indexing Management LLC Grows Holdings in Chord Energy Co. (NASDAQ:CHRD)

Vanguard Personalized Indexing Management LLC lifted its stake in Chord Energy Co. (NASDAQ:CHRD) by 70.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,776 shares of the company’s stock after purchasing an additional 4,436 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Chord Energy were worth $1,800,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CHRD. Rise Advisors LLC purchased a new stake in Chord Energy in the 1st quarter valued at about $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Chord Energy during the second quarter valued at approximately $40,000. GAMMA Investing LLC boosted its holdings in shares of Chord Energy by 151.6% in the second quarter. GAMMA Investing LLC now owns 317 shares of the company’s stock valued at $53,000 after purchasing an additional 191 shares during the period. Atlas Capital Advisors LLC bought a new position in Chord Energy in the second quarter worth approximately $60,000. Finally, Quadrant Capital Group LLC increased its holdings in Chord Energy by 94.3% during the 4th quarter. Quadrant Capital Group LLC now owns 406 shares of the company’s stock worth $67,000 after purchasing an additional 197 shares during the period. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Jefferies Financial Group began coverage on Chord Energy in a report on Thursday, September 5th. They issued a “hold” rating and a $160.00 target price for the company. BMO Capital Markets began coverage on shares of Chord Energy in a report on Monday, June 3rd. They set an “outperform” rating and a $230.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Chord Energy in a report on Friday. Bank of America upped their price target on shares of Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Truist Financial cut their price objective on shares of Chord Energy from $226.00 to $223.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.10.

Insiders Place Their Bets

In related news, Director Samantha Holroyd acquired 500 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the acquisition, the director now directly owns 14,417 shares in the company, valued at approximately $2,155,485.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Chord Energy Trading Up 0.3 %

NASDAQ CHRD opened at $136.73 on Friday. Chord Energy Co. has a 52 week low of $129.75 and a 52 week high of $190.23. The company has a 50 day moving average price of $152.80 and a 200 day moving average price of $167.18. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.70 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 4.48 and a beta of 0.99.

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

Chord Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Wednesday, August 21st. 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.