Aviva PLC Has $464,000 Stake in Chord Energy Corporation $CHRD

Aviva PLC raised its position in shares of Chord Energy Corporation (NASDAQ:CHRD) by 163.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,794 shares of the company’s stock after acquiring an additional 2,975 shares during the quarter. Aviva PLC’s holdings in Chord Energy were worth $464,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its position in shares of Chord Energy by 20.7% during the 1st quarter. CWM LLC now owns 7,752 shares of the company’s stock valued at $874,000 after purchasing an additional 1,331 shares in the last quarter. Signaturefd LLC lifted its stake in Chord Energy by 53.9% in the first quarter. Signaturefd LLC now owns 4,688 shares of the company’s stock valued at $528,000 after buying an additional 1,642 shares during the period. South Dakota Investment Council boosted its holdings in shares of Chord Energy by 17.4% during the 1st quarter. South Dakota Investment Council now owns 135,369 shares of the company’s stock worth $15,259,000 after buying an additional 20,067 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Chord Energy by 2.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 32,537 shares of the company’s stock worth $3,668,000 after buying an additional 677 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of Chord Energy by 264.1% during the 1st quarter. Lindbrook Capital LLC now owns 2,443 shares of the company’s stock worth $275,000 after buying an additional 1,772 shares during the period. 97.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Chord Energy

In related news, Director Samantha Holroyd purchased 1,250 shares of Chord Energy stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $85.50 per share, for a total transaction of $106,875.00. Following the completion of the transaction, the director owned 17,706 shares in the company, valued at $1,513,863. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Shannon Browning Kinney sold 3,019 shares of the firm’s 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 sale, the executive vice president owned 14,650 shares of the company’s stock, valued at $1,544,549.50. This trade represents a 17.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.70% of the company’s stock.

Chord Energy Trading Up 2.6%

NASDAQ:CHRD opened at $93.11 on Friday. Chord Energy Corporation has a 52 week low of $79.83 and a 52 week high of $134.54. The firm has a 50-day moving average price of $95.75 and a two-hundred day moving average price of $99.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.35. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 35.81 and a beta of 0.92.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Tuesday, November 4th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.11. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.02 billion. Chord Energy had a return on equity of 8.27% and a net margin of 3.31%.Chord Energy’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.40 earnings per share. On average, equities analysts expect that Chord Energy Corporation will post 15.59 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Wednesday, November 19th. Chord Energy’s dividend payout ratio is 200.00%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CHRD. Wells Fargo & Company increased their target price on shares of Chord Energy from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday. Wall Street Zen lowered shares of Chord Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Morgan Stanley reduced their target price on Chord Energy from $131.00 to $128.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chord Energy in a research report on Wednesday, October 8th. Finally, Piper Sandler dropped their price target on Chord Energy from $169.00 to $167.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.23.

Chord Energy 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.