Albert D Mason Inc. Sells 1,287 Shares of Chord Energy Co. (NASDAQ:CHRD)

Albert D Mason Inc. cut its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 28.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,244 shares of the company’s stock after selling 1,287 shares during the quarter. Albert D Mason Inc.’s holdings in Chord Energy were worth $422,000 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. Victory Capital Management Inc. raised its stake in Chord Energy by 397.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company’s stock worth $266,454,000 after buying an additional 1,269,658 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Chord Energy by 72.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company’s stock valued at $297,090,000 after purchasing an additional 741,705 shares during the period. Boston Partners grew its stake in Chord Energy by 107.0% during the first quarter. Boston Partners now owns 1,305,942 shares of the company’s stock valued at $232,813,000 after acquiring an additional 674,965 shares in the last quarter. Millennium Management LLC boosted its holdings in Chord Energy by 226.5% in the 2nd quarter. Millennium Management LLC now owns 696,488 shares of the company’s stock valued at $116,787,000 after purchasing an additional 483,144 shares during the period. Finally, KGH Ltd grew its position in shares of Chord Energy by 872.0% during the 2nd quarter. KGH Ltd now owns 485,998 shares of the company’s stock valued at $81,492,000 after purchasing an additional 435,998 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

Insider Activity at Chord Energy

In other Chord Energy news, Director Samantha Holroyd acquired 500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the acquisition, the director now directly owns 14,417 shares of the company’s stock, valued at $2,155,485.67. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Chord Energy Stock Up 0.0 %

Shares of NASDAQ CHRD opened at $129.99 on Wednesday. The business has a 50-day moving average of $138.11 and a two-hundred day moving average of $161.08. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 5.04 and a beta of 0.97. Chord Energy Co. has a 1 year low of $126.38 and a 1 year high of $190.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.91.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. The business had revenue of $902.70 million for the quarter, compared to analyst estimates of $982.43 million. During the same quarter in the prior year, the company earned $3.65 EPS. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, analysts forecast that Chord Energy Co. will post 17.07 earnings per share for the current fiscal year.

Chord Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.85%. Chord Energy’s dividend payout ratio (DPR) is 24.27%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CHRD shares. Truist Financial reduced their target price on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Wells Fargo & Company lowered their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Chord Energy in a report on Friday, September 20th. Citigroup dropped their target price on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on shares of Chord Energy in a research report on Thursday, September 5th. They set a “hold” rating and a $160.00 price objective for the company. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $190.18.

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.