12,079 Shares in Chord Energy Corporation (NASDAQ:CHRD) Acquired by Paragon Capital Management Inc.

Paragon Capital Management Inc. purchased a new stake in shares of Chord Energy Corporation (NASDAQ:CHRD) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,079 shares of the company’s stock, valued at approximately $1,362,000.

Several other large investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Chord Energy by 11.5% during the 4th quarter. FMR LLC now owns 3,814,384 shares of the company’s stock valued at $445,978,000 after purchasing an additional 394,372 shares during the period. Victory Capital Management Inc. increased its stake in Chord Energy by 27.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock worth $334,912,000 after buying an additional 619,021 shares in the last quarter. Boston Partners raised its holdings in Chord Energy by 5.6% during the fourth quarter. Boston Partners now owns 2,186,483 shares of the company’s stock valued at $255,684,000 after acquiring an additional 115,215 shares during the period. American Century Companies Inc. lifted its position in shares of Chord Energy by 15.0% in the fourth quarter. American Century Companies Inc. now owns 1,116,073 shares of the company’s stock valued at $130,491,000 after acquiring an additional 145,627 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Chord Energy by 19.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 855,381 shares of the company’s stock valued at $100,011,000 after acquiring an additional 136,751 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Up 1.7%

Shares of NASDAQ CHRD opened at $99.35 on Friday. Chord Energy Corporation has a 52-week low of $79.83 and a 52-week high of $181.17. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 6.77 and a beta of 0.96. The stock has a 50 day moving average price of $95.61 and a 200 day moving average price of $105.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.83 and a current ratio of 0.89.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Tuesday, May 6th. The company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.44. Chord Energy had a return on equity of 10.34% and a net margin of 16.15%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $5.10 EPS. Chord Energy’s revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Chord Energy Corporation will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Wednesday, May 21st. Chord Energy’s payout ratio is presently 34.78%.

Insider Transactions at Chord Energy

In related news, EVP Shannon Browning Kinney sold 3,091 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $94.10, for a total value of $290,863.10. Following the sale, the executive vice president now owns 21,277 shares in the company, valued at $2,002,165.70. This represents a 12.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CHRD shares. Piper Sandler decreased their target price on Chord Energy from $184.00 to $183.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Williams Trading set a $155.00 price objective on shares of Chord Energy in a research report on Wednesday, March 5th. Wall Street Zen lowered shares of Chord Energy from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. Mizuho cut their target price on shares of Chord Energy from $154.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, May 13th. Finally, Bank of America decreased their price target on shares of Chord Energy from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $152.54.

Chord Energy Company 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.