Chord Energy Corporation $CHRD Stock Holdings Decreased by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. decreased its stake in shares of Chord Energy Corporation (NASDAQ:CHRD) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,225 shares of the company’s stock after selling 477 shares during the period. Chord Energy comprises about 2.3% of Kraematon Investment Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Kraematon Investment Advisors Inc.’s holdings in Chord Energy were worth $2,443,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its holdings in Chord Energy by 321.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 447 shares of the company’s stock worth $50,000 after buying an additional 341 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Chord Energy by 5,877.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 538 shares of the company’s stock worth $61,000 after purchasing an additional 529 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Chord Energy by 254.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 687 shares of the company’s stock worth $67,000 after purchasing an additional 493 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Chord Energy by 89.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 692 shares of the company’s stock valued at $67,000 after purchasing an additional 327 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Chord Energy by 195.8% during the first quarter. Fifth Third Bancorp now owns 698 shares of the company’s stock worth $79,000 after purchasing an additional 462 shares during the period. 97.76% of the stock is owned by institutional investors.

Insider Activity at Chord Energy

In related news, EVP Shannon Browning Kinney sold 3,019 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $105.43, for a total value of $318,293.17. Following the transaction, the executive vice president owned 14,650 shares in the company, valued at approximately $1,544,549.50. This represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHRD. Wells Fargo & Company lifted their price target on shares of Chord Energy from $146.00 to $149.00 and gave the company an “overweight” rating in a report on Wednesday, September 17th. Citigroup lifted their target price on Chord Energy from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chord Energy in a research report on Saturday, September 27th. Mizuho reduced their price objective 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. Finally, Piper Sandler lowered their price objective on Chord Energy from $169.00 to $167.00 and set an “overweight” rating for the company in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.67.

Chord Energy Stock Up 1.7%

CHRD stock opened at $99.13 on Friday. The company has a 50 day moving average of $104.51 and a two-hundred day moving average of $100.72. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 25.22 and a beta of 0.94. Chord Energy Corporation has a 12-month low of $79.83 and a 12-month high of $139.26. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.11.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $984.07 million. Chord Energy had a return on equity of 9.02% and a net margin of 5.02%.The company’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $4.69 earnings per share. On average, equities analysts anticipate that Chord Energy Corporation will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Thursday, August 21st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Thursday, August 21st. Chord Energy’s payout ratio is currently 132.32%.

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.