Chord Energy Co. (NASDAQ:CHRD) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 146.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,726 shares of the company’s stock after acquiring an additional 3,994 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Chord Energy were worth $876,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CHRD. Price T Rowe Associates Inc. MD raised its position in Chord Energy by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,022 shares of the company’s stock worth $4,460,000 after acquiring an additional 1,586 shares during the period. Comerica Bank raised its position in shares of Chord Energy by 10.7% in the first quarter. Comerica Bank now owns 20,591 shares of the company’s stock valued at $3,670,000 after buying an additional 1,994 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Chord Energy by 319.1% in the first quarter. Cetera Investment Advisers now owns 9,479 shares of the company’s stock valued at $1,689,000 after buying an additional 7,217 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Chord Energy in the first quarter valued at about $444,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Chord Energy in the first quarter valued at about $72,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Piper Sandler increased their target price on shares of Chord Energy from $211.00 to $212.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Jefferies Financial Group started coverage on shares of Chord Energy in a research report on Thursday, September 5th. They issued a “hold” rating and a $160.00 target price for the company. Royal Bank of Canada dropped their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Finally, Siebert Williams Shank raised shares of Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $188.45.

Chord Energy Trading Up 0.9 %

NASDAQ CHRD opened at $127.52 on Monday. The firm has a 50 day simple moving average of $130.17 and a 200-day simple moving average of $150.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. Chord Energy Co. has a one year low of $123.30 and a one year high of $190.23. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 5.12 and a beta of 0.98.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 EPS 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 business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business posted $5.04 EPS. The company’s revenue for the quarter was up 33.4% compared to the same quarter last year. Equities research analysts anticipate that Chord Energy Co. will post 16.5 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The firm 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 $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Wednesday, November 27th. Chord Energy’s payout ratio is 25.75%.

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.