Chord Energy Co. (NASDAQ:CHRD) Shares Sold by LGT Financial Advisors LLC

LGT Financial Advisors LLC cut its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 43.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 229 shares of the company’s stock after selling 177 shares during the quarter. LGT Financial Advisors LLC’s holdings in Chord Energy were worth $30,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC increased its stake in Chord Energy by 462.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 162 shares in the last quarter. UMB Bank n.a. increased its position in shares of Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after acquiring an additional 101 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in shares of Chord Energy in the third quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Chord Energy during the second quarter valued at approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Chord Energy by 125.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock valued at $41,000 after acquiring an additional 136 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CHRD. Citigroup cut their target price on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Truist Financial reduced their price objective on Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Wells Fargo & Company lowered their target price on Chord Energy from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. UBS Group assumed coverage on shares of Chord Energy in a research report on Wednesday, October 16th. They issued a “buy” rating and a $168.00 price target for the company. Finally, Siebert Williams Shank raised shares of Chord Energy to a “strong-buy” rating in a research report on Tuesday, October 15th. Two 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.18.

Insider Activity

In other news, Director Samantha Holroyd bought 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $149.51 per share, with a total value of $74,755.00. Following the completion of the transaction, the director now directly owns 14,417 shares in the company, valued at $2,155,485.67. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Chord Energy Stock Up 4.2 %

Shares of CHRD stock opened at $131.96 on Thursday. Chord Energy Co. has a 12 month low of $123.30 and a 12 month high of $190.23. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a market cap of $8.17 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 4.86 and a beta of 0.98. The stock has a 50 day moving average of $132.91 and a 200-day moving average of $156.86.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $5.00 by ($0.31). Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The company had revenue of $902.70 million for the quarter, compared to analyst estimates of $982.43 million. During the same quarter in the previous year, the company earned $3.65 earnings per share. Chord Energy’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, equities analysts predict that Chord Energy Co. will post 17.07 EPS for the current year.

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.