Barclays PLC Grows Position in Chord Energy Co. (NASDAQ:CHRD)

Barclays PLC grew its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 3.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 64,711 shares of the company’s stock after buying an additional 2,318 shares during the period. Barclays PLC’s holdings in Chord Energy were worth $8,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CHRD. GAMMA Investing LLC raised its position in shares of Chord Energy by 30.6% in the third quarter. GAMMA Investing LLC now owns 414 shares of the company’s stock worth $54,000 after acquiring an additional 97 shares during the period. Commerce Bank raised its holdings in Chord Energy by 4.3% in the 3rd quarter. Commerce Bank now owns 2,361 shares of the company’s stock worth $307,000 after purchasing an additional 98 shares during the period. New York State Teachers Retirement System boosted its position in Chord Energy by 0.4% during the third quarter. New York State Teachers Retirement System now owns 27,274 shares of the company’s stock worth $3,552,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. grew its holdings in Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after purchasing an additional 101 shares during the period. Finally, Lindenwold Advisors INC increased its position in shares of Chord Energy by 5.0% in the third quarter. Lindenwold Advisors INC now owns 2,523 shares of the company’s stock valued at $329,000 after buying an additional 119 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Price Performance

CHRD stock opened at $115.09 on Wednesday. Chord Energy Co. has a 1 year low of $113.58 and a 1 year high of $190.23. 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 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 business has a 50 day simple moving average of $127.45 and a 200-day simple moving average of $146.03.

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). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm’s revenue was up 33.4% compared to the same quarter last year. During the same period last year, the business earned $5.04 earnings per share. Equities research analysts anticipate that Chord Energy Co. will post 16.5 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Mizuho decreased their target price on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday. Jefferies Financial Group assumed coverage on shares of Chord Energy in a research report on Thursday, September 5th. They issued a “hold” rating and a $160.00 target price on the stock. Bank of America upped their price target on shares of Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Royal Bank of Canada lowered their price objective on Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Finally, Siebert Williams Shank upgraded Chord Energy to a “strong-buy” rating in a research report on Tuesday, October 15th. Two investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.55.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.27, for a total value of $121,270.00. Following 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 through the SEC website. 0.70% of the stock is currently owned by company insiders.

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.