4,005 Shares in Chord Energy Co. (NASDAQ:CHRD) Acquired by Beddow Capital Management Inc.

Beddow Capital Management Inc. purchased a new position in Chord Energy Co. (NASDAQ:CHRD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 4,005 shares of the company’s stock, valued at approximately $522,000.

A number of other institutional investors have also made changes to their positions in CHRD. Hexagon Capital Partners LLC lifted its stake in Chord Energy by 462.9% in the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after buying an additional 162 shares during the period. UMB Bank n.a. raised its position in shares of Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after acquiring an additional 101 shares during the period. Spartan Fund Management Inc. bought a new position in Chord Energy during the 3rd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new position in Chord Energy during the second quarter valued at approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Chord Energy by 125.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock valued at $41,000 after purchasing an additional 136 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Samantha Holroyd purchased 500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $149.51 per share, with a total value of $74,755.00. Following the completion of the transaction, the director now owns 14,417 shares of the company’s stock, valued at $2,155,485.67. The trade was a 3.59 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

Chord Energy Stock Up 2.4 %

Chord Energy stock opened at $130.33 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 1-year low of $123.30 and a 1-year high of $190.23. The company has a fifty day simple moving average of $131.20 and a 200 day simple moving average of $154.15. The company has a market cap of $7.97 billion, a P/E ratio of 6.71, a price-to-earnings-growth ratio of 5.02 and a beta of 0.98.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data 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 quarter in the previous year, the business earned $5.04 EPS. Chord Energy’s revenue was up 33.4% on a year-over-year basis. Research analysts anticipate that Chord Energy Co. will post 16.8 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Wednesday, November 27th. Chord Energy’s dividend payout ratio is currently 25.75%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHRD. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Chord Energy in a report on Friday, September 20th. 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. Truist Financial dropped their price target on Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Piper Sandler boosted their price objective on Chord Energy from $211.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Citigroup lowered their target price on Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.27.

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.