Aurora Investment Counsel Purchases 2,065 Shares of Chord Energy Corporation $CHRD

Aurora Investment Counsel boosted its position in shares of Chord Energy Corporation (NASDAQ:CHRD) by 12.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,279 shares of the company’s stock after purchasing an additional 2,065 shares during the period. Aurora Investment Counsel’s holdings in Chord Energy were worth $1,867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new stake in Chord Energy in the 2nd quarter valued at about $28,000. Hexagon Capital Partners LLC increased its position in Chord Energy by 321.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 447 shares of the company’s stock valued at $50,000 after acquiring an additional 341 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Chord Energy by 5,877.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 538 shares of the company’s stock valued at $61,000 after acquiring an additional 529 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Chord Energy by 254.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 687 shares of the company’s stock valued at $67,000 after acquiring an additional 493 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Chord Energy by 89.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 692 shares of the company’s stock valued at $67,000 after acquiring an additional 327 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Stock Performance

Shares of CHRD stock opened at $89.70 on Tuesday. The company’s fifty day simple moving average is $101.59 and its 200-day simple moving average is $99.44. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.14 billion, a PE ratio of 22.82 and a beta of 0.94. Chord Energy Corporation has a 12 month low of $79.83 and a 12 month high of $136.38.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $984.07 million. Chord Energy had a return on equity of 9.02% and a net margin of 5.02%.The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.69 EPS. Equities research analysts expect that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Thursday, August 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, August 21st. Chord Energy’s dividend payout ratio is 132.32%.

Insider Transactions at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,019 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $105.43, for a total transaction of $318,293.17. Following the sale, the executive vice president directly owned 14,650 shares of the company’s stock, valued at approximately $1,544,549.50. This represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

CHRD has been the subject of several research reports. Mizuho lowered their price objective on shares of Chord Energy from $152.00 to $142.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Citigroup lifted their price target on shares of Chord Energy from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Morgan Stanley decreased their price objective on shares of Chord Energy from $131.00 to $128.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Bank of America boosted their price objective on shares of Chord Energy from $112.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Finally, UBS Group lifted their price target on shares of Chord Energy from $122.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.38.

Chord Energy Company 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.