Chord Energy Co. (NASDAQ:CHRD) Director Samantha Holroyd Buys 500 Shares

Chord Energy Co. (NASDAQ:CHRD) Director Samantha Holroyd acquired 500 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $149.51 per share, with a total value of $74,755.00. Following the transaction, the director now owns 14,417 shares of the company’s stock, valued at $2,155,485.67. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Chord Energy Trading Up 1.4 %

Shares of NASDAQ CHRD traded up $2.03 during midday trading on Friday, hitting $150.00. The stock had a trading volume of 529,589 shares, compared to its average volume of 896,103. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.08. Chord Energy Co. has a 1-year low of $145.53 and a 1-year high of $190.23. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.92 and a beta of 1.01. The company has a fifty day moving average price of $164.71 and a 200 day moving average price of $170.05.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). Chord Energy had a net margin of 22.67% and a return on equity of 16.57%. The business had revenue of $902.70 million for the quarter, compared to analyst estimates of $982.43 million. During the same period last year, the firm earned $3.65 earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, analysts predict that Chord Energy Co. will post 20.85 earnings per share for the current year.

Chord Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $5.00 dividend on an annualized basis and a yield of 3.33%. Chord Energy’s dividend payout ratio (DPR) is 23.46%.

Analyst Ratings Changes

CHRD has been the subject of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of Chord Energy from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. BMO Capital Markets assumed coverage on Chord Energy in a research report on Monday, June 3rd. They issued an “outperform” rating and a $230.00 price objective for the company. Truist Financial decreased their price target on Chord Energy from $226.00 to $223.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Citigroup dropped their price objective on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, Wolfe Research started coverage on shares of Chord Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Chord Energy has a consensus rating of “Moderate Buy” and a consensus price target of $206.78.

Institutional Trading of Chord Energy

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of Chord Energy by 397.5% in the second quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company’s stock worth $266,454,000 after buying an additional 1,269,658 shares during the period. Dimensional Fund Advisors LP lifted its position in Chord Energy by 72.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company’s stock worth $297,090,000 after acquiring an additional 741,705 shares in the last quarter. Boston Partners lifted its position in Chord Energy by 107.0% during the 1st quarter. Boston Partners now owns 1,305,942 shares of the company’s stock worth $232,813,000 after acquiring an additional 674,965 shares in the last quarter. Millennium Management LLC boosted its holdings in Chord Energy by 226.5% in the 2nd quarter. Millennium Management LLC now owns 696,488 shares of the company’s stock worth $116,787,000 after acquiring an additional 483,144 shares during the period. Finally, KGH Ltd grew its position in Chord Energy by 872.0% in the second quarter. KGH Ltd now owns 485,998 shares of the company’s stock valued at $81,492,000 after acquiring an additional 435,998 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

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.