Creative Planning Has $2.05 Million Holdings in Chord Energy Corporation $CHRD

Creative Planning raised its position in shares of Chord Energy Corporation (NASDAQ:CHRD) by 37.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,111 shares of the company’s stock after acquiring an additional 5,754 shares during the period. Creative Planning’s holdings in Chord Energy were worth $2,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Chord Energy during the 1st quarter worth approximately $818,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Chord Energy by 13.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,839 shares of the company’s stock worth $1,898,000 after buying an additional 1,944 shares during the period. LPL Financial LLC lifted its holdings in shares of Chord Energy by 22.6% during the first quarter. LPL Financial LLC now owns 22,101 shares of the company’s stock worth $2,491,000 after buying an additional 4,069 shares in the last quarter. Norden Group LLC bought a new stake in shares of Chord Energy in the first quarter valued at about $298,000. Finally, Picton Mahoney Asset Management grew its stake in shares of Chord Energy by 528,537.5% in the first quarter. Picton Mahoney Asset Management now owns 42,291 shares of the company’s stock valued at $4,767,000 after acquiring an additional 42,283 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Buying and Selling at Chord Energy

In related news, Director Samantha Holroyd purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average cost of $85.50 per share, with a total value of $106,875.00. Following the acquisition, the director owned 17,706 shares of the company’s stock, valued at $1,513,863. This trade represents a 7.60% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Chord Energy Stock Down 1.5%

Shares of CHRD opened at $91.88 on Wednesday. The firm has a 50 day simple moving average of $93.97 and a two-hundred day simple moving average of $99.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.28. Chord Energy Corporation has a one year low of $79.83 and a one year high of $130.91. The company has a market cap of $5.23 billion, a P/E ratio of 35.34 and a beta of 0.92.

Chord Energy (NASDAQ:CHRD) last issued its quarterly 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. Chord Energy had a return on equity of 8.27% and a net margin of 3.31%.The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company posted $3.40 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Research analysts forecast that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.7%. Chord Energy’s dividend payout ratio is 200.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHRD. Morgan Stanley set a $123.00 price objective on shares of Chord Energy in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chord Energy in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Chord Energy from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Roth Capital started coverage on Chord Energy in a research report on Monday, October 13th. They set a “buy” rating and a $130.00 price target on the stock. Finally, UBS Group lowered their price objective on Chord Energy from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.69.

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.