Boston Partners Sells 321,605 Shares of Chord Energy Corporation $CHRD

Boston Partners lessened its stake in shares of Chord Energy Corporation (NASDAQ:CHRD) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,816,812 shares of the company’s stock after selling 321,605 shares during the period. Boston Partners owned 3.17% of Chord Energy worth $176,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Chord Energy in the first quarter worth about $36,837,000. American Century Companies Inc. grew its holdings in Chord Energy by 15.5% during the 2nd quarter. American Century Companies Inc. now owns 1,337,079 shares of the company’s stock valued at $129,496,000 after buying an additional 179,209 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in Chord Energy by 27.8% in the 1st 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 last quarter. Trexquant Investment LP boosted its position in shares of Chord Energy by 176.1% during the 1st quarter. Trexquant Investment LP now owns 144,736 shares of the company’s stock valued at $16,315,000 after acquiring an additional 92,320 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its position in shares of Chord Energy by 864.5% during the 1st quarter. Gotham Asset Management LLC now owns 100,775 shares of the company’s stock valued at $11,359,000 after acquiring an additional 90,327 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Insider Buying and Selling at Chord Energy

In related news, Director Samantha Holroyd bought 1,250 shares of the stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $85.50 per share, with a total value of $106,875.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRD has been the topic of several research reports. Morgan Stanley set a $123.00 price target on shares of Chord Energy in a research report on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 target price on shares of Chord Energy in a report on Monday, October 6th. Scotiabank began coverage on shares of Chord Energy in a research report on Friday, September 19th. They set a “sector perform” rating and a $120.00 target price on the stock. UBS Group dropped their price target on Chord Energy from $130.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chord Energy in a research report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.69.

Chord Energy Stock Performance

Chord Energy stock opened at $92.27 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.28. The firm has a market capitalization of $5.25 billion, a P/E ratio of 35.49 and a beta of 0.92. Chord Energy Corporation has a 1-year low of $79.83 and a 1-year high of $129.77. The company’s 50-day moving average is $93.71 and its 200 day moving average is $99.30.

Chord Energy (NASDAQ:CHRD) last announced 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. Chord Energy had a return on equity of 8.27% and a net margin of 3.31%.The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business earned $3.40 earnings per share. 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 year.

Chord Energy Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, November 19th. This represents a $5.20 dividend on an annualized basis and a yield of 5.6%. Chord Energy’s dividend payout ratio (DPR) is presently 200.00%.

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.