Lindenwold Advisors INC Grows Stake in Chord Energy Co. (NASDAQ:CHRD)

Lindenwold Advisors INC increased its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,523 shares of the company’s stock after purchasing an additional 119 shares during the quarter. Lindenwold Advisors INC’s holdings in Chord Energy were worth $329,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CHRD. Quest Partners LLC increased its position in Chord Energy by 718,700.0% during the third quarter. Quest Partners LLC now owns 7,188 shares of the company’s stock worth $936,000 after buying an additional 7,187 shares in the last quarter. Swiss National Bank boosted its stake in shares of Chord Energy by 0.6% during the third quarter. Swiss National Bank now owns 185,022 shares of the company’s stock valued at $24,095,000 after acquiring an additional 1,100 shares during the last quarter. Empowered Funds LLC increased its position in Chord Energy by 58.0% during the 3rd quarter. Empowered Funds LLC now owns 30,825 shares of the company’s stock worth $4,014,000 after purchasing an additional 11,321 shares in the last quarter. Victory Capital Management Inc. raised its stake in Chord Energy by 41.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock valued at $292,423,000 after purchasing an additional 656,374 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in Chord Energy by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 45,425 shares of the company’s stock valued at $5,916,000 after purchasing an additional 6,120 shares in the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chord Energy

In other news, Director Samantha Holroyd bought 500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was acquired at an average cost of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the purchase, the director now owns 14,417 shares of the company’s stock, valued at $2,155,485.67. This trade represents a 3.59 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

Chord Energy Price Performance

CHRD stock opened at $130.33 on Tuesday. The stock has a 50-day moving average price of $131.20 and a two-hundred day moving average price of $154.15. The company has a market cap of $7.97 billion, a PE 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 Co. has a 12-month low of $123.30 and a 12-month high of $190.23.

Chord Energy (NASDAQ:CHRD) last issued its earnings results 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 firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm posted $5.04 EPS. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. As a group, research analysts predict that Chord Energy Co. will post 16.8 EPS for the current year.

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 3.84%. Chord Energy’s dividend payout ratio (DPR) is 25.75%.

Analyst Ratings Changes

CHRD has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Chord Energy from $201.00 to $208.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Citigroup cut their price target on Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 12th. UBS Group assumed coverage on Chord Energy in a report on Wednesday, October 16th. They set a “buy” rating and a $168.00 price objective on the stock. Siebert Williams Shank raised Chord Energy to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on Chord Energy in a research report on Thursday, September 5th. They set a “hold” rating and a $160.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.27.

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.