Union Bancaire Privee UBP SA Purchases New Stake in Chord Energy Co. (NASDAQ:CHRD)

Union Bancaire Privee UBP SA acquired a new position in shares of Chord Energy Co. (NASDAQ:CHRD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 672 shares of the company’s stock, valued at approximately $77,000.

Several other large investors also recently made changes to their positions in CHRD. Victory Capital Management Inc. boosted its position in Chord Energy by 41.3% during 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. Merit Financial Group LLC acquired a new position in shares of Chord Energy during the fourth quarter worth about $553,000. Geode Capital Management LLC boosted its position in shares of Chord Energy by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock worth $151,077,000 after buying an additional 34,156 shares during the period. Kingsview Wealth Management LLC grew its stake in shares of Chord Energy by 55.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company’s stock valued at $2,542,000 after buying an additional 7,743 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of Chord Energy by 3.5% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 92,211 shares of the company’s stock valued at $11,596,000 after buying an additional 3,151 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insiders Place Their Bets

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.27, for a total transaction of $121,270.00. Following the completion of the sale, the chief accounting officer now owns 20,488 shares in the company, valued at $2,484,579.76. The trade was a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Chord Energy Stock Performance

Shares of CHRD stock opened at $108.56 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 5.59, a PEG ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a one year low of $107.24 and a one year high of $190.23. The company’s 50-day simple moving average is $116.27 and its 200-day simple moving average is $127.25.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CHRD shares. Wells Fargo & Company decreased their price target on Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada decreased their target price on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Piper Sandler lowered their price target on shares of Chord Energy from $194.00 to $193.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Truist Financial boosted their price objective on shares of Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price for the company in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $173.08.

About Chord Energy

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.