Ensign Peak Advisors Inc Sells 8,414 Shares of Chord Energy Co. (NASDAQ:CHRD)

Ensign Peak Advisors Inc lessened its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 28.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 21,604 shares of the company’s stock after selling 8,414 shares during the period. Ensign Peak Advisors Inc’s holdings in Chord Energy were worth $2,526,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Delta Capital Management LLC boosted its stake in shares of Chord Energy by 4.3% in the fourth quarter. Delta Capital Management LLC now owns 2,200 shares of the company’s stock worth $257,000 after acquiring an additional 90 shares during the period. Gables Capital Management Inc. boosted its stake in shares of Chord Energy by 6.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,550 shares of the company’s stock worth $181,000 after acquiring an additional 100 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Chord Energy by 2.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company’s stock worth $434,000 after acquiring an additional 106 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Chord Energy by 1.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company’s stock worth $718,000 after acquiring an additional 110 shares during the period. Finally, MGO One Seven LLC boosted its stake in shares of Chord Energy by 6.7% in the fourth quarter. MGO One Seven LLC now owns 1,775 shares of the company’s stock worth $208,000 after acquiring an additional 111 shares during the period. Institutional investors own 97.76% of the company’s stock.

Chord Energy Trading Down 2.1%

Shares of NASDAQ:CHRD opened at $95.88 on Friday. Chord Energy Co. has a 12-month low of $79.83 and a 12-month high of $188.02. The business’s fifty day simple moving average is $98.20 and its 200-day simple moving average is $111.86. The company has a market capitalization of $5.70 billion, a PE ratio of 4.94, a P/E/G ratio of 5.83 and a beta of 0.99. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

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

Chord Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 21st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.42%. Chord Energy’s dividend payout ratio is presently 34.78%.

Wall Street Analyst Weigh In

CHRD has been the topic of a number of research analyst reports. Williams Trading set a $155.00 target price on Chord Energy in a research report on Wednesday, March 5th. Bank of America upgraded Chord Energy from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $125.00 to $114.00 in a research report on Tuesday, April 29th. Citigroup reduced their price target on Chord Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Royal Bank of Canada reduced their price target on Chord Energy from $165.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler reduced their price target on Chord Energy from $184.00 to $183.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.92.

Insider Transactions at Chord Energy

In other news, EVP Shannon Browning Kinney sold 3,091 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 21,277 shares of the company’s stock, valued at $2,002,165.70. This trade represents a 12.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Chord Energy 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.