2,734 Shares in Chord Energy Corporation $CHRD Purchased by Ieq Capital LLC

Ieq Capital LLC acquired a new position in Chord Energy Corporation (NASDAQ:CHRD) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 2,734 shares of the company’s stock, valued at approximately $308,000.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Chord Energy by 6.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 791,958 shares of the company’s stock worth $89,198,000 after purchasing an additional 47,649 shares during the period. Hsbc Holdings PLC lifted its holdings in Chord Energy by 364.2% in the first quarter. Hsbc Holdings PLC now owns 35,795 shares of the company’s stock worth $4,055,000 after purchasing an additional 28,084 shares during the period. Aurora Investment Counsel acquired a new stake in Chord Energy in the first quarter worth about $1,940,000. New York State Teachers Retirement System lifted its holdings in Chord Energy by 8.4% in the first quarter. New York State Teachers Retirement System now owns 29,190 shares of the company’s stock worth $3,290,000 after purchasing an additional 2,263 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in Chord Energy by 56.9% in the first quarter. Perigon Wealth Management LLC now owns 35,642 shares of the company’s stock worth $4,018,000 after purchasing an additional 12,925 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Price Performance

NASDAQ CHRD opened at $103.42 on Friday. The stock’s 50-day moving average price is $105.71 and its two-hundred day moving average price is $101.53. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.92 billion, a PE ratio of 26.32 and a beta of 0.97. Chord Energy Corporation has a 1 year low of $79.83 and a 1 year high of $140.15.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data 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%.Chord Energy’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.69 EPS. On average, analysts predict that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Thursday, August 21st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.0%. The ex-dividend date is Thursday, August 21st. Chord Energy’s payout ratio is presently 132.32%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHRD. UBS Group upped their price objective on shares of Chord Energy from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Wells Fargo & Company upped their price target on shares of Chord Energy from $143.00 to $146.00 and gave the company an “overweight” rating in a report on Friday, August 15th. Bank of America cut their price target on shares of Chord Energy from $114.00 to $112.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Chord Energy from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Finally, Citigroup upped their price target on shares of Chord Energy from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $148.00.

Insider Transactions at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,019 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $105.43, for a total transaction of $318,293.17. Following the sale, the executive vice president owned 14,650 shares in the company, valued at approximately $1,544,549.50. The trade was a 17.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

About Chord Energy

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.