iSAM Funds UK Ltd Boosts Stock Position in Chord Energy Co. (NASDAQ:CHRD)

iSAM Funds UK Ltd boosted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 200.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,891 shares of the company’s stock after acquiring an additional 3,928 shares during the quarter. iSAM Funds UK Ltd’s holdings in Chord Energy were worth $767,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position 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 valued at $266,454,000 after purchasing an additional 1,269,658 shares in the last quarter. Pacer Advisors Inc. raised its position in Chord Energy by 8,762.1% during the 3rd quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock valued at $162,141,000 after purchasing an additional 1,230,985 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Point72 Asset Management L.P. raised its position in shares of Chord Energy by 143.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 880,787 shares of the company’s stock worth $114,705,000 after acquiring an additional 519,547 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Chord Energy by 226.5% in the 2nd quarter. Millennium Management LLC now owns 696,488 shares of the company’s stock worth $116,787,000 after acquiring an additional 483,144 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Down 3.7 %

Chord Energy stock opened at $117.20 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The business’s 50-day simple moving average is $129.22 and its two-hundred day simple moving average is $149.04. The company has a market cap of $7.16 billion, a PE ratio of 6.04, a PEG ratio of 4.91 and a beta of 0.96. Chord Energy Co. has a fifty-two week low of $115.96 and a fifty-two week high of $190.23.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results 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). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.04 EPS. Equities analysts anticipate that Chord Energy Co. will post 16.5 EPS for the current year.

Chord Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 annualized dividend and a yield of 4.27%. Chord Energy’s payout ratio is presently 25.75%.

Wall Street Analyst Weigh In

CHRD has been the subject of several recent research reports. Bank of America boosted their price target on Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Citigroup reduced their price target on Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Piper Sandler boosted their price target on Chord Energy from $211.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Siebert Williams Shank raised Chord Energy to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reduced their price target on Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Two research 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 stock. According to MarketBeat.com, the stock presently 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.