Chord Energy Co. (NASDAQ:CHRD) Shares Bought by MML Investors Services LLC

MML Investors Services LLC raised its holdings in Chord Energy Co. (NASDAQ:CHRD) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,733 shares of the company’s stock after purchasing an additional 821 shares during the quarter. MML Investors Services LLC’s holdings in Chord Energy were worth $1,528,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. FMR LLC increased its stake in Chord Energy by 2.2% in the third quarter. FMR LLC now owns 3,420,012 shares of the company’s stock valued at $445,388,000 after purchasing an additional 74,165 shares during the period. State Street Corp boosted its holdings in shares of Chord Energy by 0.9% in 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 in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Chord Energy by 72.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company’s stock valued at $297,090,000 after acquiring an additional 741,705 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Chord Energy by 8,762.1% in the third quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock valued at $162,141,000 after acquiring an additional 1,230,985 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Stock Down 0.9 %

Shares of NASDAQ CHRD opened at $115.09 on Wednesday. Chord Energy Co. has a 12-month low of $113.58 and a 12-month high of $190.23. The company has a market capitalization of $7.04 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 4.79 and a beta of 0.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The firm’s 50-day moving average is $127.45 and its two-hundred day moving average is $146.03.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.63 by ($0.23). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the company earned $5.04 EPS. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis. Equities analysts anticipate that Chord Energy Co. will post 16.5 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s dividend payout ratio is presently 25.75%.

Analyst Ratings Changes

CHRD has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on shares of Chord Energy in a report on Thursday, September 5th. They issued a “hold” rating and a $160.00 target price on the stock. Siebert Williams Shank raised shares of Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. BMO Capital Markets lowered their target price on shares of Chord Energy from $205.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Wells Fargo & Company boosted their price objective on shares of Chord Energy from $175.00 to $176.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Bank of America boosted their price objective on shares of Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and an average price target of $182.55.

Insider Activity

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the business’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 value of $116,350.00. Following the completion of the transaction, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at $2,267,428.80. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

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.