Y Intercept Hong Kong Ltd Purchases 55,380 Shares of Chord Energy Corporation $CHRD

Y Intercept Hong Kong Ltd increased its position in shares of Chord Energy Corporation (NASDAQ:CHRD) by 320.2% during the 3rd quarter, Holdings Channel reports. The firm owned 72,673 shares of the company’s stock after acquiring an additional 55,380 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Chord Energy were worth $7,222,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new stake in Chord Energy in the 2nd quarter worth $28,000. WealthCollab LLC lifted its position in shares of Chord Energy by 90.6% in the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after acquiring an additional 145 shares in the last quarter. Quent Capital LLC bought a new position in shares of Chord Energy in the third quarter worth about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Chord Energy by 91.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 411 shares of the company’s stock worth $40,000 after purchasing an additional 196 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Chord Energy by 160.5% during the second quarter. Allworth Financial LP now owns 659 shares of the company’s stock worth $64,000 after purchasing an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Price Performance

CHRD stock opened at $95.53 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. Chord Energy Corporation has a 12 month low of $79.83 and a 12 month high of $121.80. The stock has a market cap of $5.43 billion, a PE ratio of 36.74 and a beta of 0.92. The company has a 50-day moving average price of $93.14 and a 200 day moving average price of $97.96.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Tuesday, November 4th. The company reported $2.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business earned $3.40 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities research analysts anticipate that Chord Energy Corporation will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 19th were paid 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 5.4%. Chord Energy’s dividend payout ratio is 200.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CHRD. Scotiabank reissued a “sector perform” rating and issued a $114.00 price target on shares of Chord Energy in a report on Friday, January 16th. Pickering Energy Partners cut shares of Chord Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, January 9th. Mizuho set a $148.00 target price on shares of Chord Energy in a report on Friday, January 9th. Citigroup lowered shares of Chord Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $97.00 in a research report on Wednesday, January 14th. Finally, Roth Mkm started coverage on Chord Energy in a research note on Monday, October 13th. They issued a “buy” rating and a $130.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.42.

Insider Buying and Selling

In other news, Director Samantha Holroyd bought 1,250 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $85.50 per share, with a total value of $106,875.00. Following the transaction, the director directly owned 17,706 shares in the company, valued at approximately $1,513,863. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

About Chord Energy

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.