TD Private Client Wealth LLC Acquires 252 Shares of Chord Energy Co. (NASDAQ:CHRD)

TD Private Client Wealth LLC raised its stake in Chord Energy Co. (NASDAQ:CHRD) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,631 shares of the company’s stock after buying an additional 252 shares during the quarter. TD Private Client Wealth LLC’s holdings in Chord Energy were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CHRD. Hexagon Capital Partners LLC raised its holdings in shares of Chord Energy by 462.9% during the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after acquiring an additional 162 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Chord Energy in the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its holdings in shares of 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 in the last quarter. Spartan Fund Management Inc. acquired a new position in shares of Chord Energy during the third quarter worth about $34,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Chord Energy during the second quarter worth about $40,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Price Performance

NASDAQ:CHRD opened at $119.28 on Friday. The firm’s fifty day moving average price is $127.88 and its two-hundred day moving average price is $146.71. 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 company has a market cap of $7.29 billion, a P/E ratio of 6.14, a P/E/G ratio of 4.79 and a beta of 0.96. Chord Energy Co. has a one year low of $115.96 and a one year high of $190.23.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company earned $5.04 earnings per share. The firm’s revenue was up 33.4% compared to the same quarter last year. Equities analysts expect that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 4.19%. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $121.27, for a total value of $121,270.00. Following the completion of the sale, the chief accounting officer now owns 20,488 shares of the company’s stock, valued at $2,484,579.76. The trade was a 4.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Bank of America boosted their target price on Chord Energy from $201.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. UBS Group reduced their target price on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a report on Monday, December 9th. Truist Financial lowered their price target on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Siebert Williams Shank upgraded shares of Chord Energy to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company lowered their target price on Chord Energy from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $187.82.

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.