Park Avenue Securities LLC Has $253,000 Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Park Avenue Securities LLC lowered its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,167 shares of the company’s stock after selling 195 shares during the period. Park Avenue Securities LLC’s holdings in Chord Energy were worth $253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHRD. FMR LLC boosted its position in Chord Energy by 2.2% during the third quarter. FMR LLC now owns 3,420,012 shares of the company’s stock valued at $445,388,000 after purchasing an additional 74,165 shares during the last quarter. State Street Corp raised its stake in shares of Chord Energy by 0.9% during the 3rd quarter. State Street Corp now owns 2,485,777 shares of the company’s stock worth $323,723,000 after purchasing an additional 22,753 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Chord Energy by 41.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock valued at $292,423,000 after buying an additional 656,374 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Chord Energy by 8,762.1% in the 3rd quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock valued at $162,141,000 after buying an additional 1,230,985 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Chord Energy by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock worth $151,077,000 after buying an additional 34,156 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, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.27, for a total value of $121,270.00. Following the completion of the transaction, the chief accounting officer now owns 20,488 shares in the company, valued at approximately $2,484,579.76. This represents a 4.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Chord Energy Stock Down 2.7 %

Shares of CHRD stock opened at $117.46 on Friday. Chord Energy Co. has a 12 month low of $109.59 and a 12 month high of $190.23. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The firm has a market cap of $7.18 billion, a PE ratio of 6.05, a price-to-earnings-growth ratio of 6.35 and a beta of 0.99. The stock has a 50 day moving average of $121.53 and a 200-day moving average of $135.97.

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 company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. Chord Energy’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.04 earnings per share. On average, equities analysts predict that Chord Energy Co. will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CHRD shares. Truist Financial lifted their target price on shares of Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their price objective on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Piper Sandler lowered their target price on shares of Chord Energy from $194.00 to $193.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Siebert Williams Shank upgraded Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, UBS Group decreased their price target on Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.08.

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.