Jump Financial LLC Buys 16,434 Shares of Chord Energy Co. (NASDAQ:CHRD)

Jump Financial LLC increased its holdings in Chord Energy Co. (NASDAQ:CHRDFree Report) by 911.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,238 shares of the company’s stock after acquiring an additional 16,434 shares during the quarter. Jump Financial LLC’s holdings in Chord Energy were worth $2,956,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Chord Energy by 87.5% in the second quarter. Signaturefd LLC now owns 180 shares of the company’s stock worth $28,000 after acquiring an additional 84 shares during the period. FinTrust Capital Advisors LLC purchased a new stake in Chord Energy in the fourth quarter worth about $28,000. Rockefeller Capital Management L.P. purchased a new stake in Chord Energy in the fourth quarter worth about $48,000. Exchange Traded Concepts LLC purchased a new stake in Chord Energy in the second quarter worth about $62,000. Finally, Fifth Third Bancorp lifted its stake in Chord Energy by 34.9% in the second quarter. Fifth Third Bancorp now owns 456 shares of the company’s stock worth $70,000 after acquiring an additional 118 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Stock Performance

Shares of Chord Energy stock opened at $157.33 on Wednesday. The firm has a market capitalization of $6.49 billion, a P/E ratio of 6.23 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $160.48 and a 200 day moving average price of $160.22. Chord Energy Co. has a 52 week low of $117.05 and a 52 week high of $175.20.

Chord Energy (NASDAQ:CHRDGet Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $5.04 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.18). Chord Energy had a return on equity of 16.74% and a net margin of 27.86%. The business had revenue of $840.60 million during the quarter, compared to analyst estimates of $763.94 million. During the same quarter last year, the company posted $7.20 EPS. Chord Energy’s quarterly revenue was down 20.4% compared to the same quarter last year. Sell-side analysts expect that Chord Energy Co. will post 18.26 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CHRD shares. Bank of America lowered shares of Chord Energy from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $177.00 to $165.00 in a research note on Friday, January 5th. Royal Bank of Canada reissued an “outperform” rating and set a $180.00 price target on shares of Chord Energy in a research report on Tuesday, November 21st. Stifel Nicolaus decreased their price target on shares of Chord Energy from $183.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Mizuho decreased their price target on shares of Chord Energy from $197.00 to $188.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Company began coverage on shares of Chord Energy in a research report on Wednesday, November 15th. They set an “overweight” rating and a $189.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Chord Energy presently has an average rating of “Moderate Buy” and a consensus target price of $185.10.

Check Out Our Latest Research Report on CHRD

Insider Buying and Selling

In related news, COO Charles J. Rimer sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $163.46, for a total value of $245,190.00. Following the transaction, the chief operating officer now owns 86,773 shares in the company, valued at approximately $14,183,914.58. The sale was disclosed in a filing with the SEC, which is available through this link. In other Chord Energy news, COO Charles J. Rimer sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $163.46, for a total value of $245,190.00. Following the transaction, the chief operating officer now owns 86,773 shares in the company, valued at approximately $14,183,914.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael H. Lou sold 6,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $169.80, for a total value of $1,018,800.00. Following the completion of the transaction, the chief financial officer now owns 170,835 shares in the company, valued at approximately $29,007,783. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,750 shares of company stock worth $1,468,678. 0.52% of the stock is owned by company insiders.

About Chord Energy

(Free Report)

Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas.

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Institutional Ownership by Quarter for Chord Energy (NASDAQ:CHRD)

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