2,936 Shares in Chord Energy Corporation (NASDAQ:CHRD) Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. bought a new position in shares of Chord Energy Corporation (NASDAQ:CHRD) during the first quarter, Holdings Channel.com reports. The fund bought 2,936 shares of the company’s stock, valued at approximately $331,000.

A number of other institutional investors have also made changes to their positions in the business. Factorial Partners LLC increased its holdings in shares of Chord Energy by 3.9% during the 1st quarter. Factorial Partners LLC now owns 53,000 shares of the company’s stock worth $5,974,000 after acquiring an additional 2,000 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Chord Energy by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,921 shares of the company’s stock worth $329,000 after acquiring an additional 118 shares during the last quarter. Lindenwold Advisors INC acquired a new position in shares of Chord Energy during the 1st quarter worth approximately $258,000. US Bancorp DE increased its holdings in shares of Chord Energy by 16.6% during the 1st quarter. US Bancorp DE now owns 1,744 shares of the company’s stock worth $197,000 after acquiring an additional 248 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its holdings in shares of Chord Energy by 528,537.5% during the 1st quarter. Picton Mahoney Asset Management now owns 42,291 shares of the company’s stock worth $4,767,000 after acquiring an additional 42,283 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Stock Performance

CHRD opened at $102.11 on Friday. The firm has a market cap of $5.85 billion, a P/E ratio of 25.98 and a beta of 0.97. Chord Energy Corporation has a 52-week low of $79.83 and a 52-week high of $155.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.97. The business’s fifty day moving average is $104.35 and its 200-day moving average is $102.10.

Chord Energy (NASDAQ:CHRD) last released its 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 company 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 business’s revenue for the quarter 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. Sell-side analysts expect that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

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

Insider Buying and Selling at Chord Energy

In related news, EVP Shannon Browning Kinney sold 1,000 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $101.64, for a total transaction of $101,640.00. Following the completion of the sale, the executive vice president directly owned 17,669 shares in the company, valued at $1,795,877.16. This represents a 5.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHRD. Citigroup upped their price objective on Chord Energy from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Wells Fargo & Company upped their price objective on Chord Energy from $143.00 to $146.00 and gave the company an “overweight” rating in a report on Friday. UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective (up from $113.00) on shares of Chord Energy in a report on Tuesday. Wall Street Zen lowered Chord Energy from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Finally, Bank of America decreased their price objective on Chord Energy from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chord Energy has an average rating of “Moderate Buy” and an average target price of $148.77.

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.