Chord Energy Corporation $CHRD Stock Position Raised by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in Chord Energy Corporation (NASDAQ:CHRD) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,110 shares of the company’s stock after buying an additional 6,155 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.19% of Chord Energy worth $10,277,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CHRD. Nuveen LLC acquired a new stake in Chord Energy in the first quarter valued at approximately $36,837,000. HITE Hedge Asset Management LLC raised its holdings in shares of Chord Energy by 27.8% during the 1st quarter. HITE Hedge Asset Management LLC now owns 446,015 shares of the company’s stock valued at $50,275,000 after purchasing an additional 97,086 shares in the last quarter. Trexquant Investment LP lifted its stake in shares of Chord Energy by 176.1% in the 1st quarter. Trexquant Investment LP now owns 144,736 shares of the company’s stock valued at $16,315,000 after purchasing an additional 92,320 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in Chord Energy by 864.5% in the first quarter. Gotham Asset Management LLC now owns 100,775 shares of the company’s stock worth $11,359,000 after purchasing an additional 90,327 shares in the last quarter. Finally, AQR Capital Management LLC increased its position 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 buying an additional 88,490 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Transactions at Chord Energy

In related news, Director Samantha Holroyd acquired 1,250 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $85.50 per share, for a total transaction of $106,875.00. Following the acquisition, the director owned 17,706 shares in the company, valued at $1,513,863. This trade represents a 7.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on CHRD. Piper Sandler reduced their price target on Chord Energy from $167.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Wall Street Zen downgraded Chord Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. William Blair started coverage on Chord Energy in a research report on Friday. They set an “outperform” rating for the company. Wells Fargo & Company lifted their price target on shares of Chord Energy from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 price objective on shares of Chord Energy in a research note on Monday, October 6th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and an average target price of $137.69.

Chord Energy Stock Performance

CHRD opened at $91.58 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $94.45 and its two-hundred day moving average price is $99.36. The firm has a market capitalization of $5.21 billion, a P/E ratio of 35.22 and a beta of 0.92. Chord Energy Corporation has a 12-month low of $79.83 and a 12-month high of $134.54.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.11. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Chord Energy had a return on equity of 8.27% and a net margin of 3.31%.Chord Energy’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.40 earnings per share. On average, equities analysts forecast that Chord Energy Corporation will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $5.20 dividend on an annualized basis and a yield of 5.7%. Chord Energy’s dividend payout ratio is 200.00%.

Chord Energy 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.