Signaturefd LLC Sells 278 Shares of Chord Energy Co. (NASDAQ:CHRD)

Signaturefd LLC reduced its position in Chord Energy Co. (NASDAQ:CHRD) by 8.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,869 shares of the company’s stock after selling 278 shares during the period. Signaturefd LLC’s holdings in Chord Energy were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHRD. Hennion & Walsh Asset Management Inc. purchased a new position in Chord Energy during the 1st quarter valued at about $296,000. AlphaMark Advisors LLC grew its holdings in Chord Energy by 16.8% during the 1st quarter. AlphaMark Advisors LLC now owns 1,832 shares of the company’s stock valued at $327,000 after buying an additional 264 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Chord Energy by 8.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 532,144 shares of the company’s stock valued at $94,849,000 after buying an additional 40,407 shares in the last quarter. State of Michigan Retirement System grew its holdings in Chord Energy by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 10,100 shares of the company’s stock valued at $1,800,000 after buying an additional 200 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its holdings in Chord Energy by 14.5% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 1,897 shares of the company’s stock valued at $338,000 after buying an additional 240 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Samantha Holroyd acquired 500 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of $149.51 per share, with a total value of $74,755.00. Following the completion of the purchase, the director now owns 14,417 shares in the company, valued at $2,155,485.67. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CHRD. Siebert Williams Shank raised Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Chord Energy in a report on Thursday, September 5th. They set a “hold” rating and a $160.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Chord Energy in a research report on Friday, September 20th. 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 price objective on the stock. Finally, Wolfe Research initiated coverage on shares of Chord Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chord Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Chord Energy Stock Up 0.9 %

Shares of NASDAQ CHRD opened at $128.85 on Friday. Chord Energy Co. has a one year low of $126.38 and a one year high of $190.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $136.61 and its two-hundred day simple moving average is $160.24. The stock has a market capitalization of $7.97 billion, a P/E ratio of 6.25, a PEG ratio of 5.04 and a beta of 0.97.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). The business had revenue of $902.70 million for the quarter, compared to the consensus estimate of $982.43 million. Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The firm’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.65 earnings per share. As a group, analysts expect that Chord Energy Co. will post 17.07 EPS for the current fiscal year.

Chord Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Wednesday, August 21st. Chord Energy’s dividend payout ratio (DPR) is presently 24.27%.

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.