6,004 Shares in Chord Energy Co. (NASDAQ:CHRD) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new stake in Chord Energy Co. (NASDAQ:CHRD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,004 shares of the company’s stock, valued at approximately $782,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRD. GAMMA Investing LLC grew its position in shares of Chord Energy by 30.6% in the 3rd quarter. GAMMA Investing LLC now owns 414 shares of the company’s stock valued at $54,000 after buying an additional 97 shares during the last quarter. Commerce Bank boosted its stake in Chord Energy by 4.3% in the third quarter. Commerce Bank now owns 2,361 shares of the company’s stock valued at $307,000 after acquiring an additional 98 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Chord Energy by 0.4% in the third quarter. New York State Teachers Retirement System now owns 27,274 shares of the company’s stock valued at $3,552,000 after acquiring an additional 100 shares in the last quarter. UMB Bank n.a. boosted its stake in 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 acquiring an additional 101 shares in the last quarter. Finally, Lindenwold Advisors INC boosted its stake in Chord Energy by 5.0% in the third quarter. Lindenwold Advisors INC now owns 2,523 shares of the company’s stock valued at $329,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Trading Down 1.9 %

Shares of Chord Energy stock opened at $128.01 on Wednesday. Chord Energy Co. has a 12-month low of $123.30 and a 12-month high of $190.23. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.83 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 5.23 and a beta of 0.98. The company has a 50-day moving average of $130.92 and a two-hundred day moving average of $152.14.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.26 billion. During the same period last year, the business posted $5.04 earnings per share. The company’s quarterly revenue was up 33.4% on a year-over-year basis. On average, 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 dividend of $1.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.91%. Chord Energy’s dividend payout ratio (DPR) is 25.75%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHRD. Jefferies Financial Group began coverage on shares of Chord Energy in a research note on Thursday, September 5th. They issued a “hold” rating and a $160.00 price objective for the company. Truist Financial decreased their price objective on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Citigroup decreased 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 note on Monday, August 12th. Siebert Williams Shank upgraded shares of Chord Energy to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada decreased their target price on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $188.45.

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.