Xponance Inc. Purchases 77 Shares of Chord Energy Co. (NASDAQ:CHRD)

Xponance Inc. grew its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,070 shares of the company’s stock after acquiring an additional 77 shares during the quarter. Xponance Inc.’s holdings in Chord Energy were worth $1,009,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vest Financial LLC raised its holdings in Chord Energy by 36.0% in the fourth quarter. Vest Financial LLC now owns 79,293 shares of the company’s stock worth $13,181,000 after buying an additional 20,995 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Chord Energy by 12.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 491,737 shares of the company’s stock worth $81,742,000 after acquiring an additional 53,992 shares during the last quarter. Natixis Advisors L.P. boosted its stake in Chord Energy by 68.5% during the 3rd quarter. Natixis Advisors L.P. now owns 38,458 shares of the company’s stock valued at $6,233,000 after purchasing an additional 15,632 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Chord Energy by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,351,393 shares of the company’s stock worth $705,230,000 after purchasing an additional 21,034 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Chord Energy by 7.9% in the third quarter. Invesco Ltd. now owns 444,627 shares of the company’s stock worth $72,061,000 after purchasing an additional 32,429 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Michael H. Lou sold 3,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $165.00, for a total value of $495,000.00. Following the completion of the sale, the chief financial officer now directly owns 128,209 shares of the company’s stock, valued at $21,154,485. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

Chord Energy Stock Up 0.5 %

CHRD opened at $184.58 on Friday. Chord Energy Co. has a 1-year low of $133.34 and a 1-year high of $190.23. The firm’s 50 day simple moving average is $172.11 and its two-hundred day simple moving average is $165.17. The company has a current ratio of 1.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.67 billion, a PE ratio of 7.84 and a beta of 1.06.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Wednesday, February 21st. The company reported $5.25 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.21. The company had revenue of $964.69 million for the quarter, compared to the consensus estimate of $891.67 million. Chord Energy had a return on equity of 16.35% and a net margin of 26.27%. As a group, equities analysts forecast that Chord Energy Co. will post 22.03 EPS for the current year.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th were issued a $3.25 dividend. This represents a $13.00 annualized dividend and a yield of 7.04%. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, March 4th. Chord Energy’s dividend payout ratio is currently 21.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CHRD shares. Mizuho increased their price objective on Chord Energy from $189.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Piper Sandler raised their price target on shares of Chord Energy from $219.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Stifel Nicolaus boosted their price objective on shares of Chord Energy from $178.00 to $211.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Bank of America cut shares of Chord Energy from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $177.00 to $165.00 in a report on Friday, January 5th. Finally, Truist Financial decreased their target price on shares of Chord Energy from $229.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Chord Energy presently has an average rating of “Moderate Buy” and an average price target of $191.50.

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.