5,534 Shares in Chord Energy Corporation $CHRD Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Chord Energy Corporation (NASDAQ:CHRD) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 5,534 shares of the company’s stock, valued at approximately $550,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oak Thistle LLC acquired a new position in shares of Chord Energy during the 3rd quarter valued at $842,000. GAMMA Investing LLC raised its position in Chord Energy by 27.7% in the third quarter. GAMMA Investing LLC now owns 1,528 shares of the company’s stock valued at $152,000 after purchasing an additional 331 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Chord Energy by 4.2% during the second quarter. Corient Private Wealth LLC now owns 24,393 shares of the company’s stock worth $2,363,000 after purchasing an additional 994 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Chord Energy by 90.8% during the second quarter. Thrivent Financial for Lutherans now owns 27,345 shares of the company’s stock worth $2,649,000 after purchasing an additional 13,012 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Chord Energy in the second quarter worth about $711,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Samantha Holroyd bought 1,250 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $85.50 per share, for a total transaction of $106,875.00. Following the transaction, the director directly owned 17,706 shares of the company’s stock, valued at approximately $1,513,863. This represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

Chord Energy Price Performance

Shares of NASDAQ:CHRD opened at $90.91 on Friday. The company has a market cap of $5.17 billion, a PE ratio of 34.96 and a beta of 0.92. Chord Energy Corporation has a fifty-two week low of $79.83 and a fifty-two week high of $129.32. The firm has a 50-day simple moving average of $92.05 and a 200 day simple moving average of $99.40. The company has a quick ratio of 1.28, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

Chord Energy (NASDAQ:CHRD) last issued its earnings results 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 return on equity of 8.27% and a net margin of 3.31%.The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $3.40 earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. William Blair initiated coverage on Chord Energy in a research report on Friday, November 21st. They set an “outperform” rating on the stock. Wells Fargo & Company lifted their price objective on Chord Energy from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Chord Energy in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chord Energy in a research report on Wednesday, October 8th. Finally, Roth Capital assumed coverage on shares of Chord Energy in a report on Monday, October 13th. They issued a “buy” rating and a $130.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.31.

Chord Energy Company Profile

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.