Natixis Advisors L.P. Has $7.08 Million Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Natixis Advisors L.P. grew its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,576 shares of the company’s stock after purchasing an additional 4,118 shares during the quarter. Natixis Advisors L.P. owned about 0.10% of Chord Energy worth $7,077,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Benjamin Edwards Inc. boosted its stake in Chord Energy by 14.0% in the 4th quarter. Benjamin Edwards Inc. now owns 1,595 shares of the company’s stock valued at $265,000 after purchasing an additional 196 shares during the period. Victory Capital Management Inc. boosted its stake in Chord Energy by 3.6% in the 4th quarter. Victory Capital Management Inc. now owns 288,668 shares of the company’s stock valued at $47,985,000 after purchasing an additional 9,934 shares during the period. Donald Smith & CO. Inc. boosted its stake in Chord Energy by 0.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 386,938 shares of the company’s stock valued at $64,321,000 after purchasing an additional 3,015 shares during the period. Anchor Capital Advisors LLC lifted its position in shares of Chord Energy by 55.7% during the 4th quarter. Anchor Capital Advisors LLC now owns 14,710 shares of the company’s stock valued at $2,445,000 after acquiring an additional 5,262 shares during the period. Finally, Intrust Bank NA lifted its position in shares of Chord Energy by 14.6% during the 4th quarter. Intrust Bank NA now owns 2,433 shares of the company’s stock valued at $404,000 after acquiring an additional 310 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Stock Performance

NASDAQ:CHRD opened at $181.57 on Friday. Chord Energy Co. has a 1 year low of $137.78 and a 1 year high of $190.23. The business has a fifty day simple moving average of $175.79 and a two-hundred day simple moving average of $166.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 1.16. The company has a market capitalization of $7.54 billion, a P/E ratio of 7.72 and a beta of 1.07.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.75 by $0.35. Chord Energy had a return on equity of 16.35% and a net margin of 26.27%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $771.87 million. During the same period last year, the company earned $4.50 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts expect that Chord Energy Co. will post 22.03 earnings per share for the current year.

Chord Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $2.94 per share. The ex-dividend date is Tuesday, May 21st. This represents a $11.76 dividend on an annualized basis and a yield of 6.48%. Chord Energy’s payout ratio is 21.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Truist Financial cut their target price on Chord Energy from $229.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Mizuho upped their target price on Chord Energy from $189.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Royal Bank of Canada upped their target price on Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Stifel Nicolaus upped their target price on Chord Energy from $178.00 to $211.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, Piper Sandler upped their price objective on Chord Energy from $219.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $193.50.

Insider Buying and Selling at Chord Energy

In other news, CFO Michael H. Lou sold 3,000 shares of Chord Energy stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $165.00, for a total value of $495,000.00. Following the transaction, the chief financial officer now owns 128,209 shares in the company, valued at $21,154,485. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

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.