Union Bancaire Privee UBP SA Purchases Shares of 672 Chord Energy Co. (NASDAQ:CHRD)

Union Bancaire Privee UBP SA acquired a new stake in shares of Chord Energy Co. (NASDAQ:CHRD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 672 shares of the company’s stock, valued at approximately $77,000.

Several other large investors have also modified their holdings of the stock. FMR LLC raised its holdings in Chord Energy by 2.2% during the 3rd quarter. FMR LLC now owns 3,420,012 shares of the company’s stock worth $445,388,000 after buying an additional 74,165 shares during the period. State Street Corp raised its holdings in shares of Chord Energy by 0.9% during the third quarter. State Street Corp now owns 2,485,777 shares of the company’s stock valued at $323,723,000 after acquiring an additional 22,753 shares during the period. Victory Capital Management Inc. boosted its stake in Chord Energy by 41.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock worth $292,423,000 after purchasing an additional 656,374 shares during the period. Pacer Advisors Inc. grew its position in Chord Energy by 8,762.1% during the 3rd quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock worth $162,141,000 after purchasing an additional 1,230,985 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Chord Energy by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock valued at $151,077,000 after purchasing an additional 34,156 shares during the period. 97.76% of the stock is owned by institutional investors.

Insider Transactions at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction on 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 transaction, the chief accounting officer now directly owns 19,488 shares in the company, valued at $2,267,428.80. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CHRD shares. Bank of America reissued a “neutral” rating and set a $138.00 price target (down from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. Royal Bank of Canada reduced their price target on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Mizuho lowered their price target 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. Siebert Williams Shank upgraded Chord Energy to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, UBS Group lowered their price target on Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research note on Monday, December 9th. Three research 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.08.

Chord Energy Stock Performance

NASDAQ CHRD opened at $116.77 on Thursday. Chord Energy Co. has a 52-week low of $109.59 and a 52-week high of $190.23. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 6.35 and a beta of 0.99. The company’s fifty day moving average is $120.78 and its two-hundred day moving average is $134.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. Chord Energy’s revenue was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.04 EPS. Equities research analysts forecast that Chord Energy Co. will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy’s dividend payout ratio is 25.75%.

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.