Measured Wealth Private Client Group LLC Increases Holdings in Chord Energy Co. (NASDAQ:CHRD)

Measured Wealth Private Client Group LLC boosted its position in Chord Energy Co. (NASDAQ:CHRD) by 12.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,657 shares of the company’s stock after purchasing an additional 186 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Chord Energy were worth $275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRD. Commonwealth Equity Services LLC increased its holdings in Chord Energy by 0.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,246 shares of the company’s stock valued at $1,985,000 after acquiring an additional 67 shares in the last quarter. Raymond James & Associates increased its stake in shares of Chord Energy by 3.4% during the 3rd quarter. Raymond James & Associates now owns 46,985 shares of the company’s stock worth $7,615,000 after purchasing an additional 1,551 shares in the last quarter. Bailard Inc. raised its position in shares of Chord Energy by 105.9% during the 3rd quarter. Bailard Inc. now owns 3,500 shares of the company’s stock worth $567,000 after purchasing an additional 1,800 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Chord Energy by 4.7% in the 3rd quarter. New York State Teachers Retirement System now owns 15,692 shares of the company’s stock valued at $2,543,000 after buying an additional 700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Chord Energy by 26.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,574 shares of the company’s stock valued at $1,390,000 after buying an additional 1,786 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Michael H. Lou sold 3,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $165.00, for a total value of $495,000.00. Following the sale, the chief financial officer now owns 128,209 shares of the company’s stock, valued at approximately $21,154,485. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler upped their price objective on Chord Energy from $219.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Truist Financial decreased their price target on shares of Chord Energy from $229.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus boosted their price objective on shares of Chord Energy from $178.00 to $211.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Royal Bank of Canada upped their price objective on shares of Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, Mizuho boosted their price target on Chord Energy from $189.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.50.

Chord Energy Trading Up 0.4 %

Shares of NASDAQ CHRD traded up $0.69 during trading on Friday, hitting $175.98. 669,241 shares of the company traded hands, compared to its average volume of 607,636. Chord Energy Co. has a 1 year low of $133.61 and a 1 year high of $190.23. The company has a quick ratio of 1.16, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.31 billion, a P/E ratio of 7.48 and a beta of 1.07. The company has a 50-day moving average price of $174.36 and a 200-day moving average price of $165.84.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.21. The firm had revenue of $964.69 million for the quarter, compared to analysts’ expectations of $891.67 million. Chord Energy had a return on equity of 16.35% and a net margin of 26.27%. On average, equities analysts predict that Chord Energy Co. will post 22.03 EPS for the current year.

Chord Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th were issued a $3.25 dividend. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, March 4th. This represents a $13.00 annualized dividend and a dividend yield of 7.39%. Chord Energy’s dividend payout ratio (DPR) is 21.25%.

Chord Energy Company 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.