Stratos Wealth Partners LTD. Purchases 230 Shares of Chord Energy Corporation $CHRD

Stratos Wealth Partners LTD. lifted its position in shares of Chord Energy Corporation (NASDAQ:CHRD) by 9.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,616 shares of the company’s stock after purchasing an additional 230 shares during the period. Stratos Wealth Partners LTD.’s holdings in Chord Energy were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new stake in Chord Energy during the second quarter worth approximately $28,000. Hexagon Capital Partners LLC grew its position in Chord Energy by 321.7% during the first quarter. Hexagon Capital Partners LLC now owns 447 shares of the company’s stock worth $50,000 after buying an additional 341 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Chord Energy by 5,877.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 538 shares of the company’s stock worth $61,000 after buying an additional 529 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Chord Energy by 254.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 687 shares of the company’s stock worth $67,000 after buying an additional 493 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Chord Energy by 89.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 692 shares of the company’s stock worth $67,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Analyst Ratings Changes

CHRD has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Chord Energy in a research report on Friday. Piper Sandler reduced their price target on Chord Energy from $169.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a $130.00 price target on shares of Chord Energy in a research report on Monday, October 6th. Morgan Stanley reduced their price target on Chord Energy from $131.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Finally, Wall Street Zen raised Chord Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.38.

Insider Buying and Selling

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,019 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $105.43, for a total value of $318,293.17. Following the completion of the transaction, the executive vice president directly owned 14,650 shares in the company, valued at approximately $1,544,549.50. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Chord Energy Price Performance

Chord Energy stock opened at $92.48 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.30 billion, a PE ratio of 23.53 and a beta of 0.94. Chord Energy Corporation has a 12 month low of $79.83 and a 12 month high of $136.38. The stock has a 50-day moving average price of $100.75 and a two-hundred day moving average price of $99.55.

Chord Energy (NASDAQ:CHRD) last posted its earnings results on Wednesday, August 6th. The company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.09). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $984.07 million. Chord Energy had a net margin of 5.02% and a return on equity of 9.02%. Chord Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.69 earnings per share. Analysts expect that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Thursday, August 21st were given a $1.30 dividend. The ex-dividend date was Thursday, August 21st. This represents a $5.20 annualized dividend and a yield of 5.6%. Chord Energy’s dividend payout ratio (DPR) is currently 132.32%.

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.