Vanguard Group Inc. Sells 65,082 Shares of Chord Energy Corporation $CHRD

Vanguard Group Inc. lowered its holdings in Chord Energy Corporation (NASDAQ:CHRD) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,893,947 shares of the company’s stock after selling 65,082 shares during the quarter. Vanguard Group Inc. owned about 10.29% of Chord Energy worth $585,682,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Chord Energy by 17.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,964 shares of the company’s stock worth $13,973,000 after acquiring an additional 18,137 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Chord Energy during the first quarter valued at approximately $289,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Chord Energy by 85.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 771 shares of the company’s stock valued at $75,000 after purchasing an additional 356 shares in the last quarter. Ethic Inc. acquired a new position in Chord Energy during the 2nd quarter worth $236,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Chord Energy by 20.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 20,892 shares of the company’s stock worth $2,023,000 after buying an additional 3,516 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Stock Down 0.3%

Chord Energy stock opened at $104.92 on Wednesday. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 40.35 and a beta of 0.92. The company’s 50 day simple moving average is $96.02 and its 200 day simple moving average is $96.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.28. Chord Energy Corporation has a fifty-two week low of $79.83 and a fifty-two week high of $116.09.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CHRD shares. William Blair began coverage on Chord Energy in a research note on Friday, November 21st. They set an “outperform” rating on the stock. Royal Bank Of Canada cut their target price on shares of Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Scotiabank reiterated a “sector perform” rating and set a $114.00 price target on shares of Chord Energy in a research report on Friday, January 16th. Wall Street Zen lowered shares of Chord Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Mizuho set a $148.00 target price on shares of Chord Energy in a report on Friday, January 9th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.92.

About Chord Energy

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.