Swiss National Bank Sells 3,200 Shares of Chord Energy Corporation (NASDAQ:CHRD)

Swiss National Bank lessened its holdings in Chord Energy Corporation (NASDAQ:CHRD) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,422 shares of the company’s stock after selling 3,200 shares during the period. Swiss National Bank owned about 0.20% of Chord Energy worth $13,349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Headlands Technologies LLC lifted its stake in Chord Energy by 255.4% in the 1st quarter. Headlands Technologies LLC now owns 3,042 shares of the company’s stock valued at $343,000 after purchasing an additional 2,186 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Chord Energy by 34.8% in the 1st quarter. Deutsche Bank AG now owns 143,049 shares of the company’s stock valued at $16,124,000 after acquiring an additional 36,945 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Chord Energy by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 504,501 shares of the company’s stock valued at $56,867,000 after acquiring an additional 7,428 shares in the last quarter. American Assets Inc. bought a new stake in Chord Energy during the 1st quarter worth $789,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Chord Energy in the 1st quarter worth about $331,000. Institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Up 1.5%

Shares of NASDAQ:CHRD opened at $102.81 on Friday. Chord Energy Corporation has a 1 year low of $79.83 and a 1 year high of $156.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.90. The business’s 50-day moving average is $104.21 and its 200-day moving average is $102.20. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 26.16 and a beta of 0.97.

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

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Thursday, August 21st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $5.20 annualized dividend and a yield of 5.1%. Chord Energy’s dividend payout ratio is currently 132.32%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CHRD shares. Mizuho cut their price target on Chord Energy from $154.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company lifted their target price on shares of Chord Energy from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. UBS Group reissued a “buy” rating and set a $120.00 target price (up from $113.00) on shares of Chord Energy in a report on Tuesday. Citigroup raised their price target on shares of Chord Energy from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Bank of America reduced their price objective on shares of Chord Energy from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. Two analysts have rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chord Energy has an average rating of “Moderate Buy” and an average target price of $148.54.

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.