TD Private Client Wealth LLC Sells 237 Shares of Chord Energy Corporation $CHRD

TD Private Client Wealth LLC lowered its position in Chord Energy Corporation (NASDAQ:CHRD) by 20.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 901 shares of the company’s stock after selling 237 shares during the quarter. TD Private Client Wealth LLC’s holdings in Chord Energy were worth $87,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI boosted its position in Chord Energy by 2.1% during the 1st quarter. National Bank of Canada FI now owns 5,258 shares of the company’s stock valued at $592,000 after acquiring an additional 106 shares in the last quarter. Voya Investment Management LLC boosted its position in Chord Energy by 1.4% during the 1st quarter. Voya Investment Management LLC now owns 7,579 shares of the company’s stock valued at $854,000 after acquiring an additional 107 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Chord Energy by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,921 shares of the company’s stock valued at $329,000 after acquiring an additional 118 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Chord Energy by 1.0% during the 1st quarter. State of Alaska Department of Revenue now owns 19,163 shares of the company’s stock valued at $2,159,000 after acquiring an additional 190 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its position in Chord Energy by 3.9% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 5,347 shares of the company’s stock valued at $603,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CHRD shares. UBS Group increased their price objective on Chord Energy from $122.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Bank of America increased their price objective on Chord Energy from $112.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Wells Fargo & Company increased their price objective on Chord Energy from $146.00 to $149.00 and gave the company an “overweight” rating in a report on Wednesday, September 17th. Piper Sandler increased their price objective on Chord Energy from $166.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Wall Street Zen lowered Chord Energy from a “hold” rating to a “sell” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chord Energy has an average rating of “Moderate Buy” and a consensus price target of $147.15.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,019 shares of Chord Energy stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $105.43, for a total transaction of $318,293.17. Following the completion of the transaction, the executive vice president owned 14,650 shares in the company, valued at approximately $1,544,549.50. This trade represents a 17.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Chord Energy Stock Performance

Shares of CHRD stock opened at $101.19 on Tuesday. The business has a fifty day moving average of $105.29 and a 200 day moving average of $100.94. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 25.75 and a beta of 0.97. Chord Energy Corporation has a 1 year low of $79.83 and a 1 year high of $139.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.90.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $984.07 million. Chord Energy had a net margin of 5.02% and a return on equity of 9.02%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.69 EPS. As a group, research analysts expect that Chord Energy Corporation will post 15.59 earnings per share for the current year.

Chord Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Thursday, August 21st were paid a dividend of $1.30 per share. The ex-dividend date was Thursday, August 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.1%. Chord Energy’s dividend payout ratio (DPR) is presently 132.32%.

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.