Farther Finance Advisors LLC Has $28,000 Stock Holdings in Chord Energy Corporation $CHRD

Farther Finance Advisors LLC cut its position in Chord Energy Corporation (NASDAQ:CHRDFree Report) by 52.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 290 shares of the company’s stock after selling 314 shares during the period. Farther Finance Advisors LLC’s holdings in Chord Energy were worth $28,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Chord Energy during the first quarter worth $36,837,000. HITE Hedge Asset Management LLC raised its holdings in shares of Chord Energy by 27.8% during the first quarter. HITE Hedge Asset Management LLC now owns 446,015 shares of the company’s stock worth $50,275,000 after acquiring an additional 97,086 shares during the period. Trexquant Investment LP raised its holdings in shares of Chord Energy by 176.1% during the first quarter. Trexquant Investment LP now owns 144,736 shares of the company’s stock worth $16,315,000 after acquiring an additional 92,320 shares during the period. Gotham Asset Management LLC raised its holdings in shares of Chord Energy by 864.5% during the first quarter. Gotham Asset Management LLC now owns 100,775 shares of the company’s stock worth $11,359,000 after acquiring an additional 90,327 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Chord Energy by 59.8% during the first quarter. AQR Capital Management LLC now owns 236,436 shares of the company’s stock worth $26,651,000 after acquiring an additional 88,490 shares during the period. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chord Energy

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

Chord Energy Stock Down 1.0%

Chord Energy stock opened at $98.37 on Thursday. The firm has a market capitalization of $5.63 billion, a PE ratio of 25.03 and a beta of 0.94. The company’s 50-day moving average is $103.67 and its 200-day moving average is $100.56. Chord Energy Corporation has a fifty-two week low of $79.83 and a fifty-two week high of $136.38. 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:CHRDGet Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $984.07 million. Chord Energy had a return on equity of 9.02% and a net margin of 5.02%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.69 earnings per share. Sell-side analysts anticipate that Chord Energy Corporation will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Thursday, August 21st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Thursday, August 21st. Chord Energy’s dividend payout ratio (DPR) is currently 132.32%.

Wall Street Analyst Weigh In

CHRD has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Chord Energy from $122.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Piper Sandler dropped their price objective on shares of Chord Energy from $169.00 to $167.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Wells Fargo & Company raised their price objective on shares of Chord Energy from $146.00 to $149.00 and gave the stock an “overweight” rating in a report on Wednesday, September 17th. Citigroup lifted their price target on shares of Chord Energy from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of Chord Energy in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and an average target price of $143.42.

Get Our Latest Stock Report on CHRD

Chord Energy 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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