Aptus Capital Advisors LLC Buys 6,120 Shares of Chord Energy Co. (NASDAQ:CHRD)

Aptus Capital Advisors LLC grew its position in Chord Energy Co. (NASDAQ:CHRD) by 15.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 45,425 shares of the company’s stock after acquiring an additional 6,120 shares during the period. Aptus Capital Advisors LLC’s holdings in Chord Energy were worth $5,916,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CHRD. Dimensional Fund Advisors LP grew its holdings in Chord Energy by 72.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company’s stock worth $297,090,000 after acquiring an additional 741,705 shares during the last quarter. Victory Capital Management Inc. raised its position in Chord Energy by 397.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company’s stock worth $266,454,000 after purchasing an additional 1,269,658 shares during the last quarter. Boston Partners lifted its holdings in Chord Energy by 107.0% during the 1st quarter. Boston Partners now owns 1,305,942 shares of the company’s stock worth $232,813,000 after buying an additional 674,965 shares during the period. American Century Companies Inc. grew its position in shares of Chord Energy by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 971,982 shares of the company’s stock valued at $162,982,000 after buying an additional 113,618 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Chord Energy by 27.7% in the second quarter. Bank of New York Mellon Corp now owns 761,852 shares of the company’s stock valued at $127,747,000 after buying an additional 165,196 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Transactions at Chord Energy

In other Chord Energy news, Director Samantha Holroyd purchased 500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average price of $149.51 per share, with a total value of $74,755.00. Following the transaction, the director now owns 14,417 shares in the company, valued at $2,155,485.67. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

Chord Energy Stock Down 2.3 %

CHRD stock opened at $128.60 on Wednesday. The stock’s 50 day simple moving average is $131.67 and its 200 day simple moving average is $155.19. The company has a market cap of $7.86 billion, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 5.17 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. Chord Energy Co. has a fifty-two week low of $123.30 and a fifty-two week 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 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 analyst estimates of $1.26 billion. During the same period in the previous year, the company earned $5.04 earnings per share. Chord Energy’s revenue for the quarter was up 33.4% compared to the same quarter last year. On average, research analysts expect that Chord Energy Co. will post 16.87 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently disclosed 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 3.89%. The ex-dividend date is Wednesday, November 27th. Chord Energy’s dividend payout ratio is currently 25.75%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CHRD shares. UBS Group began coverage on Chord Energy in a research note on Wednesday, October 16th. They issued a “buy” rating and a $168.00 price objective on the stock. Siebert Williams Shank raised shares of Chord Energy to a “strong-buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company decreased their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Piper Sandler boosted their target price on shares of Chord Energy from $206.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Truist Financial decreased their price target on Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Two investment 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. Based on data from MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and an average target price of $190.18.

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.