Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,211 shares of the company’s stock after purchasing an additional 3,151 shares during the period. Chord Energy accounts for 5.3% of Arkfeld Wealth Strategies L.L.C.’s holdings, making the stock its 4th biggest holding. Arkfeld Wealth Strategies L.L.C. owned about 0.15% of Chord Energy worth $11,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRD. Hexagon Capital Partners LLC boosted its holdings in shares of Chord Energy by 462.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after buying an additional 162 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of Chord Energy during the third quarter valued at about $26,000. Brooklyn Investment Group acquired a new stake in shares of Chord Energy in the 4th quarter valued at about $29,000. UMB Bank n.a. increased its position in Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after buying an additional 101 shares in the last quarter. Finally, Spartan Fund Management Inc. bought a new position in Chord Energy in the third quarter worth approximately $34,000. 97.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHRD. Royal Bank of Canada cut their target price on Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. UBS Group decreased their target price on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research report on Monday, December 9th. Bank of America reaffirmed a “neutral” rating and issued a $138.00 price target (down previously from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. BMO Capital Markets decreased their price objective on Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Wells Fargo & Company cut their target price on Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.08.

Insider Activity at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the sale, the chief accounting officer now directly owns 19,488 shares in the company, valued at $2,267,428.80. The trade was a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.

Chord Energy Trading Down 2.7 %

CHRD opened at $117.46 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 52 week low of $109.59 and a 52 week high of $190.23. The stock has a market cap of $7.18 billion, a PE ratio of 6.05, a PEG ratio of 6.35 and a beta of 0.99. The business has a 50 day moving average of $121.53 and a 200-day moving average of $135.97.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company’s revenue was up 33.4% on a year-over-year basis. During the same period last year, the business earned $5.04 earnings per share. Equities research analysts predict that Chord Energy Co. will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy’s dividend payout ratio is currently 25.75%.

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.