Personal CFO Solutions LLC Buys 193 Shares of Chord Energy Co. (NASDAQ:CHRD)

Personal CFO Solutions LLC lifted its stake in shares of Chord Energy Co. (NASDAQ:CHRDFree Report) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,803 shares of the company’s stock after purchasing an additional 193 shares during the period. Personal CFO Solutions LLC’s holdings in Chord Energy were worth $466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System raised its stake in shares of Chord Energy by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 11,956 shares of the company’s stock worth $1,938,000 after purchasing an additional 70 shares in the last quarter. Xponance Inc. increased its holdings in shares of Chord Energy by 1.3% during the 4th quarter. Xponance Inc. now owns 6,070 shares of the company’s stock worth $1,009,000 after acquiring an additional 77 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Chord Energy by 48.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 259 shares of the company’s stock worth $43,000 after acquiring an additional 85 shares during the last quarter. Viking Fund Management LLC increased its holdings in shares of Chord Energy by 40.0% during the 4th quarter. Viking Fund Management LLC now owns 350 shares of the company’s stock worth $58,000 after acquiring an additional 100 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of Chord Energy by 67.6% during the 4th quarter. Lindbrook Capital LLC now owns 305 shares of the company’s stock worth $51,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Chord Energy from $178.00 to $211.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Piper Sandler upped their price objective on Chord Energy from $231.00 to $233.00 and gave the company an “overweight” rating in a report on Friday, May 24th. Mizuho upped their price objective on Chord Energy from $195.00 to $214.00 and gave the company a “buy” rating in a report on Monday, May 13th. Truist Financial cut their target price on Chord Energy from $228.00 to $226.00 and set a “buy” rating for the company in a research report on Monday, June 3rd. Finally, Royal Bank of Canada upped their target price on Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.40.

Check Out Our Latest Analysis on Chord Energy

Chord Energy Price Performance

Chord Energy stock opened at $168.96 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.04 billion, a PE ratio of 7.93 and a beta of 1.05. Chord Energy Co. has a 12 month low of $145.06 and a 12 month high of $190.23. The stock has a 50-day moving average price of $180.31 and a two-hundred day moving average price of $168.24.

Chord Energy (NASDAQ:CHRDGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.75 by $0.35. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $771.87 million. Chord Energy had a return on equity of 16.57% and a net margin of 22.67%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the company earned $4.50 earnings per share. Analysts expect that Chord Energy Co. will post 22.63 EPS for the current year.

Chord Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were paid a $2.94 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $11.76 annualized dividend and a dividend yield of 6.96%. Chord Energy’s payout ratio is 23.46%.

Chord Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chord Energy (NASDAQ:CHRD)

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