Charles Schwab Investment Management Inc. Increases Position in Chord Energy Co. (NASDAQ:CHRD)

Charles Schwab Investment Management Inc. lifted its position in Chord Energy Co. (NASDAQ:CHRDFree Report) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 482,472 shares of the company’s stock after acquiring an additional 22,141 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.17% of Chord Energy worth $78,194,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its stake in Chord Energy by 87.5% in the 2nd quarter. Signaturefd LLC now owns 180 shares of the company’s stock worth $28,000 after buying an additional 84 shares during the period. FinTrust Capital Advisors LLC purchased a new position in Chord Energy in the 4th quarter worth about $28,000. Rockefeller Capital Management L.P. purchased a new position in Chord Energy in the 4th quarter worth about $48,000. Fifth Third Bancorp increased its stake in Chord Energy by 34.9% in the 2nd quarter. Fifth Third Bancorp now owns 456 shares of the company’s stock worth $70,000 after buying an additional 118 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new position in Chord Energy in the 4th quarter worth about $68,000. Institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Up 1.9 %

Shares of Chord Energy stock opened at $159.03 on Tuesday. The firm’s 50 day moving average price is $159.17 and its 200-day moving average price is $160.45. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.08. Chord Energy Co. has a 52-week low of $117.05 and a 52-week high of $175.20. The company has a market cap of $6.56 billion, a P/E ratio of 6.30 and a beta of 1.07.

Insider Transactions at Chord Energy

In other news, CFO Michael H. Lou sold 6,000 shares of Chord Energy stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $169.80, for a total value of $1,018,800.00. Following the transaction, the chief financial officer now owns 170,835 shares of the company’s stock, valued at approximately $29,007,783. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Michael H. Lou sold 6,000 shares of Chord Energy stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $169.80, for a total value of $1,018,800.00. Following the completion of the sale, the chief financial officer now directly owns 170,835 shares in the company, valued at approximately $29,007,783. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Korus sold 1,250 shares of Chord Energy stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $163.75, for a total transaction of $204,687.50. Following the completion of the sale, the director now owns 11,573 shares of the company’s stock, valued at $1,895,078.75. The disclosure for this sale can be found here. Insiders have sold a total of 11,750 shares of company stock valued at $1,931,128 in the last 90 days. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CHRD shares. Wells Fargo & Company assumed coverage on shares of Chord Energy in a research note on Wednesday, November 15th. They issued an “overweight” rating and a $189.00 price target on the stock. Bank of America downgraded shares of Chord Energy from a “buy” rating to an “underperform” rating and cut their target price for the company from $177.00 to $165.00 in a research report on Friday, January 5th. Piper Sandler raised their target price on shares of Chord Energy from $206.00 to $209.00 and gave the company an “overweight” rating in a research report on Thursday, November 16th. Stifel Nicolaus cut their target price on shares of Chord Energy from $183.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $180.00 target price on shares of Chord Energy in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Chord Energy has a consensus rating of “Moderate Buy” and an average target price of $185.10.

Get Our Latest Report on CHRD

Chord Energy Company Profile

(Free Report)

Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas.

Further Reading

Institutional Ownership by Quarter for Chord Energy (NASDAQ:CHRD)

Receive News & Ratings for Chord Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chord Energy and related companies with MarketBeat.com's FREE daily email newsletter.