Yousif Capital Management LLC Acquires 334 Shares of Chord Energy Co. (NASDAQ:CHRD)

Yousif Capital Management LLC grew its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,620 shares of the company’s stock after purchasing an additional 334 shares during the period. Yousif Capital Management LLC’s holdings in Chord Energy were worth $3,261,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its position in Chord Energy by 12.9% in the 3rd quarter. FMR LLC now owns 3,185,243 shares of the company’s stock valued at $516,232,000 after buying an additional 364,673 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Chord Energy by 158.5% in the third quarter. American Century Companies Inc. now owns 483,447 shares of the company’s stock valued at $78,352,000 after purchasing an additional 296,443 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Chord Energy by 119.3% during the third quarter. AQR Capital Management LLC now owns 368,557 shares of the company’s stock valued at $59,732,000 after purchasing an additional 200,502 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in Chord Energy by 200.5% during the third quarter. Kennedy Capital Management LLC now owns 107,331 shares of the company’s stock worth $17,395,000 after purchasing an additional 71,613 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position 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 purchasing an additional 53,992 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRD has been the topic of a number of research analyst reports. Mizuho boosted their target price on Chord Energy from $189.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Stifel Nicolaus upped their price objective on Chord Energy from $178.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Truist Financial lowered their target price on Chord Energy from $229.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Bank of America downgraded shares of Chord Energy from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $177.00 to $165.00 in a report on Friday, January 5th. Finally, Piper Sandler boosted their target price on shares of Chord Energy from $219.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Chord Energy presently has an average rating of “Moderate Buy” and a consensus target price of $191.50.

Chord Energy Trading Up 0.5 %

Shares of CHRD stock opened at $185.58 on Monday. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 7.89 and a beta of 1.06. The company’s fifty day simple moving average is $172.98 and its two-hundred day simple moving average is $165.49. Chord Energy Co. has a 1 year low of $133.34 and a 1 year high of $190.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 1.16.

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

Chord Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th were paid a dividend of $3.25 per share. The ex-dividend date was Monday, March 4th. This represents a $13.00 annualized dividend and a yield of 7.01%. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s payout ratio is currently 21.25%.

Insider Buying and Selling

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

About Chord Energy

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.