Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. lowered its position in Chord Energy Co. (NASDAQ:CHRD) by 50.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,189 shares of the company’s stock after selling 3,219 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Chord Energy were worth $373,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Chord Energy by 41.3% in the third quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock valued at $292,423,000 after acquiring an additional 656,374 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Chord Energy by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock worth $151,077,000 after purchasing an additional 34,156 shares in the last quarter. Bank of Montreal Can increased its stake in Chord Energy by 956.5% during the 2nd quarter. Bank of Montreal Can now owns 58,359 shares of the company’s stock worth $9,873,000 after buying an additional 52,835 shares during the period. Foundry Partners LLC lifted its holdings in Chord Energy by 22.7% during the 3rd quarter. Foundry Partners LLC now owns 52,009 shares of the company’s stock worth $6,773,000 after buying an additional 9,613 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in Chord Energy in the 2nd quarter valued at approximately $2,515,000. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Stock Up 1.6 %

Chord Energy stock opened at $125.76 on Tuesday. The stock has a 50-day simple moving average of $122.59 and a 200-day simple moving average of $138.94. The company has a market capitalization of $7.69 billion, a P/E ratio of 6.48, a PEG ratio of 4.79 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. Chord Energy Co. has a fifty-two week low of $109.59 and a fifty-two week high of $190.23.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. Chord Energy’s revenue was up 33.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.04 earnings per share. Equities research analysts expect that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Insider Transactions at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the transaction, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at approximately $2,267,428.80. This represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHRD. Royal Bank of Canada decreased their target price on Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Truist Financial upped their target price on shares of Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday. Piper Sandler lowered their price target on shares of Chord Energy from $212.00 to $194.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Mizuho reduced their price objective on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Wells Fargo & Company boosted their target price on shares of Chord Energy from $175.00 to $176.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.23.

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.