Vanguard Personalized Indexing Management LLC Grows Stake in Chord Energy Corporation $CHRD

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Chord Energy Corporation (NASDAQ:CHRD) by 9.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 11,800 shares of the company’s stock after buying an additional 1,058 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Chord Energy were worth $1,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lynx Investment Advisory raised its holdings in Chord Energy by 3.6% during the second quarter. Lynx Investment Advisory now owns 2,847 shares of the company’s stock worth $276,000 after purchasing an additional 99 shares in the last quarter. National Bank of Canada FI grew its position in shares of Chord Energy by 2.1% in the 1st quarter. National Bank of Canada FI now owns 5,258 shares of the company’s stock valued at $592,000 after buying an additional 106 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Chord Energy by 1.4% in the 1st quarter. Voya Investment Management LLC now owns 7,579 shares of the company’s stock valued at $854,000 after buying an additional 107 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Chord Energy by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,921 shares of the company’s stock worth $329,000 after acquiring an additional 118 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Chord Energy by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 19,163 shares of the company’s stock valued at $2,159,000 after acquiring an additional 190 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,019 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $105.43, for a total transaction of $318,293.17. Following the completion of the transaction, the executive vice president owned 14,650 shares in the company, valued at approximately $1,544,549.50. This represents a 17.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Chord Energy Stock Performance

Shares of CHRD stock opened at $89.74 on Friday. The stock’s 50-day moving average price is $101.79 and its 200 day moving average price is $99.43. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.14 billion, a PE ratio of 22.83 and a beta of 0.94. Chord Energy Corporation has a 52-week low of $79.83 and a 52-week high of $136.38.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Wednesday, August 6th. The company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $984.07 million. Chord Energy had a net margin of 5.02% and a return on equity of 9.02%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.69 earnings per share. As a group, equities research analysts forecast that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Thursday, August 21st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Thursday, August 21st. Chord Energy’s dividend payout ratio (DPR) is 132.32%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CHRD shares. UBS Group raised their price objective on Chord Energy from $122.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Wells Fargo & Company decreased their target price on Chord Energy from $149.00 to $108.00 and set an “overweight” rating for the company in a research report on Friday. Roth Capital initiated coverage on Chord Energy in a research report on Monday, October 13th. They set a “buy” rating and a $130.00 price target on the stock. Wall Street Zen upgraded Chord Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chord Energy in a research report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $138.38.

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.