Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in Chord Energy Co. (NASDAQ:CHRD) by 87.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,151 shares of the company’s stock after selling 22,067 shares during the period. Los Angeles Capital Management LLC’s holdings in Chord Energy were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC lifted its stake in shares of Chord Energy by 462.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after purchasing an additional 162 shares during the period. UMB Bank n.a. raised its position in Chord Energy by 77.7% during the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after acquiring an additional 101 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Chord Energy during the second quarter worth $40,000. Benjamin F. Edwards & Company Inc. raised its position in Chord Energy by 125.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock worth $41,000 after acquiring an additional 136 shares during the period. Finally, Spartan Fund Management Inc. acquired a new position in Chord Energy during the third quarter worth $34,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHRD has been the subject of a number of research analyst reports. Truist Financial reduced their price objective on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. UBS Group initiated coverage on shares of Chord Energy in a research report on Wednesday, October 16th. They issued a “buy” rating and a $168.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Chord Energy in a research report on Friday, September 20th. BMO Capital Markets reduced their target price on shares of Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Wells Fargo & Company reduced their target price on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chord Energy has a consensus rating of “Moderate Buy” and an average target price of $190.18.

Insider Transactions at Chord Energy

In other news, Director Samantha Holroyd bought 500 shares of Chord Energy stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average price of $149.51 per share, with a total value of $74,755.00. Following the completion of the acquisition, the director now directly owns 14,417 shares in the company, valued at $2,155,485.67. The trade was a 3.59 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Chord Energy Trading Down 2.8 %

Shares of CHRD opened at $127.28 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $7.78 billion, a P/E ratio of 6.55, a P/E/G ratio of 5.02 and a beta of 0.98. The firm has a 50-day moving average price of $131.20 and a 200 day moving average price of $154.15. Chord Energy Co. has a 12-month low of $123.30 and a 12-month high of $190.23.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.63 by ($0.23). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same period in the prior year, the company posted $5.04 EPS. Sell-side analysts forecast that Chord Energy Co. will post 16.8 EPS for the current year.

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 3.93%. Chord Energy’s dividend payout ratio is presently 25.75%.

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.