Ameritas Investment Partners Inc. Has $1.09 Million Stake in Chord Energy Corporation $CHRD

Ameritas Investment Partners Inc. reduced its stake in Chord Energy Corporation (NASDAQ:CHRD) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,214 shares of the company’s stock after selling 814 shares during the period. Ameritas Investment Partners Inc.’s holdings in Chord Energy were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Chord Energy by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,890,420 shares of the company’s stock valued at $183,112,000 after purchasing an additional 19,227 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Chord Energy by 15.5% during the second quarter. American Century Companies Inc. now owns 1,337,079 shares of the company’s stock worth $129,496,000 after buying an additional 179,209 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Chord Energy by 4.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 824,760 shares of the company’s stock worth $83,169,000 after buying an additional 32,802 shares in the last quarter. Palo Duro Investment Partners LP increased its holdings in shares of Chord Energy by 3.1% during the first quarter. Palo Duro Investment Partners LP now owns 689,690 shares of the company’s stock worth $77,742,000 after buying an additional 20,940 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of Chord Energy by 9.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 618,738 shares of the company’s stock valued at $69,744,000 after acquiring an additional 52,375 shares during the last quarter. 97.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, Director Samantha Holroyd acquired 1,250 shares of the company’s stock in a transaction dated 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 purchase, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CHRD. William Blair assumed coverage on Chord Energy in a research report on Friday, November 21st. They set an “outperform” rating on the stock. Roth Capital started coverage on Chord Energy in a research note on Monday, October 13th. They set a “buy” rating and a $130.00 price target on the stock. Piper Sandler reduced their price target on Chord Energy from $167.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, November 18th. Bank of America upped their price objective on Chord Energy from $112.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price objective on shares of Chord Energy in a report on Monday, October 6th. Eleven 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 company has an average rating of “Moderate Buy” and a consensus target price of $137.69.

Chord Energy Stock Up 0.4%

Shares of NASDAQ CHRD opened at $92.27 on Friday. The company’s 50 day moving average price is $93.47 and its 200-day moving average price is $99.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.35. Chord Energy Corporation has a 52-week low of $79.83 and a 52-week high of $129.77. The company has a market capitalization of $5.25 billion, a P/E ratio of 35.49 and a beta of 0.92.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.11. Chord Energy had a net margin of 3.31% and a return on equity of 8.27%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company posted $3.40 earnings per share. Chord Energy’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities analysts forecast that Chord Energy Corporation will post 15.59 earnings per share for the current year.

Chord Energy Dividend Announcement

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