FORA Capital LLC Purchases New Shares in Chord Energy Co. (NASDAQ:CHRD)

FORA Capital LLC bought a new stake in Chord Energy Co. (NASDAQ:CHRD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,958 shares of the company’s stock, valued at approximately $2,217,000.

Other large investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Chord Energy during the 4th quarter worth $25,000. Brooklyn Investment Group acquired a new position in Chord Energy during the fourth quarter worth $29,000. Twin Tree Management LP purchased a new position in shares of Chord Energy during the fourth quarter worth $33,000. Larson Financial Group LLC grew its stake in shares of Chord Energy by 238.3% in the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock valued at $37,000 after buying an additional 224 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Chord Energy in the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHRD. Truist Financial boosted their target price on shares of Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Citigroup cut their target price on shares of Chord Energy from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Wells Fargo & Company reduced their target price on shares of Chord Energy from $166.00 to $158.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Bank of America upgraded Chord Energy from a “neutral” rating to a “buy” rating and lowered their price target for the company from $125.00 to $114.00 in a report on Tuesday, April 29th. Finally, Williams Trading set a $155.00 price target on shares of Chord Energy in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.08.

Chord Energy Stock Up 3.9 %

CHRD opened at $93.63 on Friday. Chord Energy Co. has a 12 month low of $79.83 and a 12 month high of $188.02. The stock has a market cap of $5.57 billion, a P/E ratio of 4.82, a P/E/G ratio of 5.83 and a beta of 0.99. The stock’s 50 day moving average price is $98.83 and its 200 day moving average price is $112.95. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.44. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $5.10 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Chord Energy Co. will post 15.59 earnings per share for the current year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Wednesday, May 21st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Wednesday, May 21st. Chord Energy’s dividend payout ratio is 32.62%.

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.