1,508 Shares in Chord Energy Co. (NASDAQ:CHRD) Purchased by Annandale Capital LLC

Annandale Capital LLC acquired a new stake in Chord Energy Co. (NASDAQ:CHRD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,508 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors have also bought and sold shares of the company. Kraematon Investment Advisors Inc. purchased a new position in Chord Energy during the second quarter worth approximately $4,426,000. Capital Fund Management S.A. boosted its position in shares of Chord Energy by 252.9% during the 4th quarter. Capital Fund Management S.A. now owns 43,934 shares of the company’s stock valued at $7,303,000 after acquiring an additional 31,484 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Chord Energy by 24.0% in the first quarter. Sei Investments Co. now owns 144,166 shares of the company’s stock valued at $25,696,000 after purchasing an additional 27,903 shares during the period. Quantbot Technologies LP acquired a new stake in Chord Energy during the first quarter worth about $884,000. Finally, BOKF NA raised its stake in Chord Energy by 1,678.3% during the first quarter. BOKF NA now owns 15,471 shares of the company’s stock worth $2,751,000 after purchasing an additional 14,601 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chord Energy

In related news, Director Samantha Holroyd purchased 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the acquisition, the director now directly owns 14,417 shares in the company, valued at $2,155,485.67. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by company insiders.

Chord Energy Stock Up 2.7 %

Shares of NASDAQ:CHRD opened at $130.80 on Friday. The firm has a market capitalization of $5.45 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 4.92 and a beta of 0.99. Chord Energy Co. has a 1 year low of $126.96 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. The firm’s 50-day moving average is $148.46 and its two-hundred day moving average is $166.11.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Wednesday, August 7th. The company reported $4.69 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $982.43 million. During the same period in the previous year, the company earned $3.65 earnings per share. Chord Energy’s quarterly revenue was up 29.8% on a year-over-year basis. Analysts predict that Chord Energy Co. will post 18.48 EPS for the current year.

Chord Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, August 21st. Chord Energy’s payout ratio is currently 23.46%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CHRD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Chord Energy in a research note on Friday, September 20th. Citigroup cut their target price on Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Jefferies Financial Group began coverage on Chord Energy in a research note on Thursday, September 5th. They issued a “hold” rating and a $160.00 price target on the stock. Wolfe Research began coverage on Chord Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Truist Financial decreased their target price on shares of Chord Energy from $226.00 to $223.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $202.10.

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.