Vanguard Personalized Indexing Management LLC Has $344,000 Stake in Chord Energy Co. (NASDAQ:CHRD)

Vanguard Personalized Indexing Management LLC raised its holdings in Chord Energy Co. (NASDAQ:CHRD) by 18.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,553 shares of the company’s stock after purchasing an additional 393 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Chord Energy were worth $344,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC bought a new stake in Chord Energy during the 4th quarter worth approximately $25,000. FinTrust Capital Advisors LLC bought a new stake in Chord Energy in the fourth quarter worth approximately $28,000. Assetmark Inc. bought a new stake in shares of Chord Energy in the 1st quarter valued at $30,000. CoreCap Advisors LLC bought a new position in Chord Energy during the fourth quarter worth $39,000. Finally, IFP Advisors Inc acquired a new stake in Chord Energy in the fourth quarter worth $43,000. 97.76% of the stock is currently owned by institutional investors.

Chord Energy Price Performance

Chord Energy stock opened at $158.66 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The business’s 50 day simple moving average is $154.52 and its 200 day simple moving average is $145.38. Chord Energy Co. has a 12 month low of $117.05 and a 12 month high of $164.79. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 3.88, a PEG ratio of 0.43 and a beta of 1.28.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.96 by ($0.31). The firm had revenue of $695.40 million during the quarter, compared to analysts’ expectations of $677.85 million. Chord Energy had a return on equity of 19.07% and a net margin of 44.17%. The company’s revenue was up 29.1% compared to the same quarter last year. During the same period last year, the business posted $7.30 EPS. Sell-side analysts forecast that Chord Energy Co. will post 18.91 EPS for the current year.

Chord Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.43%. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, August 14th. Chord Energy’s payout ratio is currently 12.22%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup raised their price objective on Chord Energy from $170.00 to $185.00 in a research note on Friday, August 4th. Piper Sandler cut their price target on Chord Energy from $204.00 to $202.00 in a research note on Tuesday, June 13th. Stifel Nicolaus increased their price objective on Chord Energy from $177.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. TD Cowen cut Chord Energy from an “outperform” rating to a “market perform” rating and set a $151.00 target price on the stock. in a research report on Wednesday, July 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $180.00 price target on shares of Chord Energy in a research report on Wednesday, August 23rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.38.

Insider Buying and Selling at Chord Energy

In related news, Director Lynn A. Peterson sold 3,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $150.03, for a total transaction of $450,090.00. Following the sale, the director now directly owns 232,098 shares in the company, valued at approximately $34,821,662.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Lynn A. Peterson sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $150.03, for a total value of $450,090.00. Following the completion of the transaction, the director now directly owns 232,098 shares in the company, valued at $34,821,662.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael H. Lou sold 7,632 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $161.26, for a total transaction of $1,230,736.32. Following the sale, the chief financial officer now directly owns 186,235 shares in the company, valued at approximately $30,032,256.10. The disclosure for this sale can be found here. Insiders have sold 25,632 shares of company stock valued at $4,039,950 in the last 90 days. 0.52% of the stock is currently owned by company insiders.

Chord Energy Company Profile

Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas.