Wealth Enhancement Advisory Services LLC Purchases 207 Shares of Chord Energy Co. (NASDAQ:CHRD)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,181 shares of the company’s stock after purchasing an additional 207 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Chord Energy were worth $284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Tectonic Advisors LLC lifted its position in Chord Energy by 6.1% during the third quarter. Tectonic Advisors LLC now owns 8,267 shares of the company’s stock valued at $1,077,000 after purchasing an additional 478 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Chord Energy by 48.4% during the third quarter. IFM Investors Pty Ltd now owns 10,697 shares of the company’s stock valued at $1,393,000 after purchasing an additional 3,487 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Chord Energy by 62.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 5,338 shares of the company’s stock valued at $695,000 after purchasing an additional 2,046 shares in the last quarter. Private Advisor Group LLC lifted its position in Chord Energy by 330.0% during the third quarter. Private Advisor Group LLC now owns 5,512 shares of the company’s stock valued at $718,000 after purchasing an additional 4,230 shares in the last quarter. Finally, Spartan Fund Management Inc. purchased a new position in Chord Energy during the third quarter valued at $34,000. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wolfe Research assumed coverage on Chord Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. UBS Group began coverage on Chord Energy in a research report on Wednesday, October 16th. They issued a “buy” rating and a $168.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Chord Energy from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. BMO Capital Markets lowered their price objective on Chord Energy from $205.00 to $175.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Finally, Bank of America boosted their price objective on Chord Energy from $201.00 to $208.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.18.

Insiders Place Their Bets

In other Chord Energy news, Director Samantha Holroyd bought 500 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $149.51 per share, with a total value of $74,755.00. Following the completion of the purchase, the director now owns 14,417 shares in the company, valued at $2,155,485.67. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

Chord Energy Price Performance

NASDAQ:CHRD opened at $132.01 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $8.17 billion, a P/E ratio of 6.80, a P/E/G ratio of 5.12 and a beta of 0.98. Chord Energy Co. has a 12 month low of $123.30 and a 12 month high of $190.23. The business’s 50-day moving average is $132.26 and its 200 day moving average is $155.97.

Chord Energy (NASDAQ:CHRD) last posted its earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. Chord Energy’s quarterly revenue was up 33.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.04 earnings per share. On average, equities research analysts forecast that Chord Energy Co. will post 17.07 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 3.79%. Chord Energy’s payout ratio is currently 25.75%.

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.