Chord Energy Co. (NASDAQ:CHRD) Shares Purchased by Lindenwold Advisors INC

Lindenwold Advisors INC raised its holdings in Chord Energy Co. (NASDAQ:CHRD) by 5.0% during the third quarter, HoldingsChannel.com reports. The firm owned 2,523 shares of the company’s stock after buying an additional 119 shares during the period. Lindenwold Advisors INC’s holdings in Chord Energy were worth $329,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CHRD. Russell Investments Group Ltd. increased its stake in shares of Chord Energy by 2.8% in the first quarter. Russell Investments Group Ltd. now owns 36,811 shares of the company’s stock worth $6,561,000 after buying an additional 1,002 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Chord Energy in the 1st quarter worth about $784,000. MQS Management LLC acquired a new stake in shares of Chord Energy in the 1st quarter valued at about $306,000. Shell Asset Management Co. bought a new position in shares of Chord Energy during the first quarter worth about $246,000. Finally, Westwood Holdings Group Inc. grew its stake in Chord Energy by 28.0% in the first quarter. Westwood Holdings Group Inc. now owns 137,411 shares of the company’s stock worth $24,492,000 after purchasing an additional 30,077 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Samantha Holroyd bought 500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average price of $149.51 per share, with a total value of $74,755.00. Following the completion of the acquisition, the director now directly owns 14,417 shares in the company, valued at approximately $2,155,485.67. This trade represents a 3.59 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CHRD shares. Siebert Williams Shank raised Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Truist Financial decreased their price objective on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. UBS Group initiated coverage on shares of Chord Energy in a report on Wednesday, October 16th. They set a “buy” rating and a $168.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Chord Energy in a report on Friday, September 20th. Finally, Bank of America increased their price objective on shares of Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned 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 $190.27.

Chord Energy Price Performance

NASDAQ CHRD opened at $130.33 on Tuesday. The company has a 50-day moving average price of $131.20 and a two-hundred day moving average price of $154.15. Chord Energy Co. has a 52 week low of $123.30 and a 52 week high of $190.23. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 5.02 and a beta of 0.98. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings data 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). Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $5.04 earnings per share. The business’s quarterly revenue was up 33.4% compared to the same quarter last year. Analysts forecast that Chord Energy Co. will post 16.8 EPS for the current year.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is 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.