Chord Energy Co. (NASDAQ:CHRD) Stock Holdings Increased by Foster & Motley Inc.

Foster & Motley Inc. raised its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 116.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,177 shares of the company’s stock after acquiring an additional 4,928 shares during the period. Foster & Motley Inc.’s holdings in Chord Energy were worth $1,194,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CHRD. Victory Capital Management Inc. raised its stake in Chord Energy by 397.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company’s stock valued at $266,454,000 after acquiring an additional 1,269,658 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Chord Energy by 72.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company’s stock valued at $297,090,000 after purchasing an additional 741,705 shares during the period. Boston Partners increased its position in shares of Chord Energy by 107.0% during the 1st quarter. Boston Partners now owns 1,305,942 shares of the company’s stock valued at $232,813,000 after purchasing an additional 674,965 shares during the period. Millennium Management LLC increased its position in shares of Chord Energy by 226.5% during the 2nd quarter. Millennium Management LLC now owns 696,488 shares of the company’s stock valued at $116,787,000 after purchasing an additional 483,144 shares during the period. Finally, KGH Ltd increased its position in shares of Chord Energy by 872.0% during the 2nd quarter. KGH Ltd now owns 485,998 shares of the company’s stock valued at $81,492,000 after purchasing an additional 435,998 shares during the period. Institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Performance

Shares of CHRD stock opened at $131.96 on Thursday. Chord Energy Co. has a 1-year low of $123.30 and a 1-year high of $190.23. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 4.86 and a beta of 0.98. The stock’s fifty day simple moving average is $132.91 and its 200-day simple moving average is $156.86.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The firm had revenue of $902.70 million during the quarter, compared to analysts’ expectations of $982.43 million. During the same quarter last year, the firm earned $3.65 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, sell-side analysts predict that Chord Energy Co. will post 17.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Chord Energy

In other news, Director Samantha Holroyd bought 500 shares of the stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the purchase, the director now directly owns 14,417 shares of the company’s stock, valued at $2,155,485.67. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHRD. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Chord Energy in a research report on Friday, September 20th. UBS Group assumed coverage on Chord Energy in a research report on Wednesday, October 16th. They set a “buy” rating and a $168.00 price target on the stock. Wells Fargo & Company decreased their target price on Chord Energy from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on Chord Energy in a report on Thursday, September 5th. They issued a “hold” rating and a $160.00 target price on the stock. Finally, Siebert Williams Shank upgraded Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.18.

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.