Vanguard Personalized Indexing Management LLC Boosts Holdings in Chord Energy Corporation $CHRD

Vanguard Personalized Indexing Management LLC increased its position in shares of Chord Energy Corporation (NASDAQ:CHRD) by 9.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,800 shares of the company’s stock after buying an additional 1,058 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Chord Energy were worth $1,143,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CHRD. AQR Capital Management LLC increased its stake in Chord Energy by 59.8% during the first quarter. AQR Capital Management LLC now owns 236,436 shares of the company’s stock worth $26,651,000 after acquiring an additional 88,490 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Chord Energy by 364.2% during the 1st quarter. Hsbc Holdings PLC now owns 35,795 shares of the company’s stock worth $4,055,000 after purchasing an additional 28,084 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Chord Energy by 6.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 791,958 shares of the company’s stock valued at $89,198,000 after buying an additional 47,649 shares during the period. Aurora Investment Counsel acquired a new position in Chord Energy in the first quarter valued at about $1,940,000. Finally, New York State Teachers Retirement System lifted its position in Chord Energy by 8.4% in the first quarter. New York State Teachers Retirement System now owns 29,190 shares of the company’s stock valued at $3,290,000 after buying an additional 2,263 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Trading Up 0.7%

NASDAQ:CHRD opened at $89.74 on Friday. The firm has a market cap of $5.14 billion, a PE ratio of 22.83 and a beta of 0.94. The stock has a fifty day moving average price of $101.79 and a 200 day moving average price of $99.43. Chord Energy Corporation has a 12-month low of $79.83 and a 12-month high of $136.38. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11.

Chord Energy (NASDAQ:CHRD) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $984.07 million. Chord Energy had a return on equity of 9.02% and a net margin of 5.02%.Chord Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.69 EPS. Sell-side analysts anticipate that Chord Energy Corporation will post 15.59 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on CHRD. Wells Fargo & Company dropped their price target on shares of Chord Energy from $149.00 to $108.00 and set an “overweight” rating for the company in a research report on Friday. Mizuho lowered their price target on Chord Energy from $152.00 to $142.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. UBS Group lifted their price objective on Chord Energy from $122.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Wall Street Zen raised Chord Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley dropped their target price on Chord Energy from $131.00 to $128.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.38.

Insider Buying and Selling

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,019 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $105.43, for a total value of $318,293.17. Following the sale, the executive vice president directly owned 14,650 shares of the company’s stock, valued at approximately $1,544,549.50. This represents a 17.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is owned by company insiders.

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.