Chord Energy Co. (NASDAQ:CHRD) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 354.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,584 shares of the company’s stock after purchasing an additional 8,256 shares during the quarter. Quantbot Technologies LP’s holdings in Chord Energy were worth $1,378,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Chord Energy by 2.2% during the third quarter. FMR LLC now owns 3,420,012 shares of the company’s stock valued at $445,388,000 after purchasing an additional 74,165 shares in the last quarter. Qsemble Capital Management LP bought a new stake in Chord Energy in the third quarter worth about $782,000. Daiwa Securities Group Inc. raised its position in Chord Energy by 4.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,600 shares of the company’s stock worth $599,000 after acquiring an additional 200 shares in the last quarter. Kingsview Wealth Management LLC raised its position in Chord Energy by 193.5% in the third quarter. Kingsview Wealth Management LLC now owns 14,001 shares of the company’s stock worth $1,823,000 after acquiring an additional 9,231 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Chord Energy by 8,762.1% in the third quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock worth $162,141,000 after acquiring an additional 1,230,985 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CHRD. Royal Bank of Canada dropped their price target on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Bank of America boosted their price target on shares of Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Wells Fargo & Company dropped their price target on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. 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. Finally, UBS Group began coverage on Chord Energy in a research note on Wednesday, October 16th. They issued a “buy” rating and a $168.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $188.45.

Chord Energy Trading Up 0.9 %

NASDAQ:CHRD opened at $127.52 on Friday. 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 Co. has a fifty-two week low of $123.30 and a fifty-two week high of $190.23. The stock’s 50-day moving average is $130.17 and its two-hundred day moving average is $151.06. The stock has a market cap of $7.80 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.04 EPS. As a group, equities research analysts forecast that Chord Energy Co. will post 16.5 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 3.92%. Chord Energy’s payout ratio is 25.75%.

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.