Vanguard Personalized Indexing Management LLC Grows Holdings in Chord Energy Co. (NASDAQ:CHRD)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 112.4% during the 4th quarter, HoldingsChannel reports. The firm owned 8,700 shares of the company’s stock after purchasing an additional 4,604 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Chord Energy were worth $1,446,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CHRD. FMR LLC grew its position in Chord Energy by 12.9% in the 3rd quarter. FMR LLC now owns 3,185,243 shares of the company’s stock valued at $516,232,000 after buying an additional 364,673 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Chord Energy by 158.5% during the third quarter. American Century Companies Inc. now owns 483,447 shares of the company’s stock worth $78,352,000 after acquiring an additional 296,443 shares during the period. Boston Partners raised its holdings in Chord Energy by 50.8% during the fourth quarter. Boston Partners now owns 630,977 shares of the company’s stock worth $104,815,000 after purchasing an additional 212,463 shares in the last quarter. AQR Capital Management LLC lifted its position in Chord Energy by 119.3% in the third quarter. AQR Capital Management LLC now owns 368,557 shares of the company’s stock valued at $59,732,000 after purchasing an additional 200,502 shares during the period. Finally, LSV Asset Management purchased a new stake in Chord Energy in the 4th quarter valued at approximately $16,549,000. 97.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Mizuho lifted their price target on Chord Energy from $195.00 to $214.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Royal Bank of Canada upped their price target on shares of Chord Energy from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Truist Financial reduced their price objective on shares of Chord Energy from $229.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Stifel Nicolaus upped their target price on shares of Chord Energy from $178.00 to $211.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Piper Sandler lifted their price target on shares of Chord Energy from $230.00 to $231.00 and gave the company an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.50.

Chord Energy Trading Up 0.9 %

Shares of Chord Energy stock opened at $180.59 on Friday. Chord Energy Co. has a 1 year low of $140.02 and a 1 year high of $190.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.14 and a quick ratio of 1.07. The business has a 50 day moving average price of $177.99 and a 200 day moving average price of $166.73. The company has a market capitalization of $7.53 billion, a P/E ratio of 8.47 and a beta of 1.07.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.75 by $0.35. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $771.87 million. Chord Energy had a return on equity of 16.57% and a net margin of 22.67%. The business’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.50 earnings per share. Sell-side analysts anticipate that Chord Energy Co. will post 22.53 EPS for the current fiscal year.

Chord Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $2.94 per share. The ex-dividend date is Tuesday, May 21st. This represents a $11.76 annualized dividend and a dividend yield of 6.51%. Chord Energy’s dividend payout ratio is currently 23.46%.

About Chord Energy

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.