Chord Energy Corporation $CHRD Stock Position Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Chord Energy Corporation (NASDAQ:CHRD) by 89.6% during the second quarter, HoldingsChannel.com reports. The firm owned 692 shares of the company’s stock after acquiring an additional 327 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Chord Energy were worth $67,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its position in Chord Energy by 321.7% in the first quarter. Hexagon Capital Partners LLC now owns 447 shares of the company’s stock worth $50,000 after acquiring an additional 341 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Chord Energy by 5,877.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 538 shares of the company’s stock valued at $61,000 after purchasing an additional 529 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Chord Energy by 254.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 687 shares of the company’s stock valued at $67,000 after purchasing an additional 493 shares during the last quarter. Fifth Third Bancorp raised its stake in Chord Energy by 195.8% during the 1st quarter. Fifth Third Bancorp now owns 698 shares of the company’s stock valued at $79,000 after purchasing an additional 462 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Chord Energy by 184.0% in the 1st quarter. GAMMA Investing LLC now owns 727 shares of the company’s stock valued at $82,000 after buying an additional 471 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Shannon Browning Kinney sold 3,019 shares of the company’s 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 sale, the executive vice president directly owned 14,650 shares in the company, valued at $1,544,549.50. This represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Chord Energy Stock Down 5.6%

CHRD stock opened at $90.59 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.19 billion, a PE ratio of 23.05 and a beta of 0.94. Chord Energy Corporation has a 52 week low of $79.83 and a 52 week high of $136.38. The business has a 50-day simple moving average of $103.08 and a 200 day simple moving average of $100.11.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Wednesday, August 6th. The company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.09). The business had revenue of $1.18 billion for 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 firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.69 EPS. Sell-side analysts anticipate that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Thursday, August 21st were issued a $1.30 dividend. The ex-dividend date was Thursday, August 21st. This represents a $5.20 annualized dividend and a yield of 5.7%. Chord Energy’s dividend payout ratio is presently 132.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CHRD shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chord Energy in a report on Wednesday, October 8th. Mizuho decreased their price objective on shares of Chord Energy from $152.00 to $142.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Wells Fargo & Company raised their target price on shares of Chord Energy from $146.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, September 17th. Citigroup increased their price target on shares of Chord Energy from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Finally, UBS Group increased their price target on shares of Chord Energy from $122.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.42.

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.