Chord Energy Co. (NASDAQ:CHRD) Shares Purchased by Bokf Na

Bokf Na raised its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 1,678.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,471 shares of the company’s stock after acquiring an additional 14,601 shares during the quarter. Bokf Na’s holdings in Chord Energy were worth $2,751,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Magnetar Financial LLC acquired a new position in shares of Chord Energy during the 1st quarter worth about $3,857,000. Huber Capital Management LLC boosted its position in shares of Chord Energy by 91.7% during the 1st quarter. Huber Capital Management LLC now owns 14,842 shares of the company’s stock worth $2,645,000 after acquiring an additional 7,100 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Chord Energy by 28.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 137,411 shares of the company’s stock valued at $24,492,000 after purchasing an additional 30,077 shares during the last quarter. Shell Asset Management Co. purchased a new stake in shares of Chord Energy in the 1st quarter valued at about $246,000. Finally, MQS Management LLC purchased a new stake in shares of Chord Energy in the 1st quarter valued at about $306,000. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Trading Down 0.5 %

Shares of CHRD traded down $0.88 during trading hours on Monday, hitting $171.74. The stock had a trading volume of 43,620 shares, compared to its average volume of 910,233. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.07 and a current ratio of 1.14. The firm has a market cap of $7.16 billion, a P/E ratio of 8.10, a P/E/G ratio of 0.96 and a beta of 1.01. The company’s fifty day simple moving average is $172.44 and its 200 day simple moving average is $170.03. Chord Energy Co. has a 12-month low of $148.32 and a 12-month high of $190.23.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Tuesday, May 7th. The company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.75 by $0.35. Chord Energy had a return on equity of 16.57% and a net margin of 22.67%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $771.87 million. During the same period last year, the company posted $4.50 earnings per share. The firm’s revenue was up 24.8% compared to the same quarter last year. Equities research analysts forecast that Chord Energy Co. will post 20.85 EPS for the current fiscal year.

Chord Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were paid a dividend of $2.94 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $11.76 annualized dividend and a dividend yield of 6.85%. Chord Energy’s dividend payout ratio is presently 23.46%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CHRD shares. Citigroup started coverage on Chord Energy in a report on Monday, July 1st. They issued a “buy” rating and a $195.00 target price for the company. Royal Bank of Canada upped their price objective on Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Truist Financial reduced their price objective on Chord Energy from $226.00 to $223.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Mizuho upped their price objective on Chord Energy from $195.00 to $214.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Wolfe Research began coverage on Chord Energy in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Chord Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.78.

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.