Union Bancaire Privee UBP SA Makes New $77,000 Investment in Chord Energy Co. (NASDAQ:CHRD)

Union Bancaire Privee UBP SA acquired a new stake in shares of Chord Energy Co. (NASDAQ:CHRD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 672 shares of the company’s stock, valued at approximately $77,000.

Several other large investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in shares of Chord Energy by 8,762.1% in the 3rd quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock valued at $162,141,000 after purchasing an additional 1,230,985 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Chord Energy by 41.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock worth $292,423,000 after buying an additional 656,374 shares during the period. Point72 Asset Management L.P. boosted its holdings in Chord Energy by 143.8% in the third quarter. Point72 Asset Management L.P. now owns 880,787 shares of the company’s stock valued at $114,705,000 after acquiring an additional 519,547 shares during the last quarter. Captrust Financial Advisors grew its position in Chord Energy by 721.9% during the third quarter. Captrust Financial Advisors now owns 145,785 shares of the company’s stock valued at $18,986,000 after acquiring an additional 128,047 shares during the period. Finally, Point72 Europe London LLP increased its stake in Chord Energy by 270.3% during the third quarter. Point72 Europe London LLP now owns 138,295 shares of the company’s stock worth $18,010,000 after acquiring an additional 100,951 shares during the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $121.27, for a total value of $121,270.00. Following the sale, the chief accounting officer now directly owns 20,488 shares in the company, valued at $2,484,579.76. This trade represents a 4.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRD has been the subject of a number of research reports. Piper Sandler decreased their target price on Chord Energy from $194.00 to $193.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. BMO Capital Markets decreased their price objective on shares of Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Wells Fargo & Company cut their target price on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Mizuho decreased their price target on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Finally, Royal Bank of Canada cut their price objective on Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chord Energy has an average rating of “Moderate Buy” and a consensus target price of $173.08.

Chord Energy Trading Up 0.1 %

Shares of NASDAQ CHRD opened at $116.77 on Thursday. The stock has a market capitalization of $7.14 billion, a P/E ratio of 6.01, a PEG ratio of 6.35 and a beta of 0.99. The stock’s 50 day moving average price is $120.78 and its two-hundred day moving average price is $134.84. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 52-week low of $109.59 and a 52-week high of $190.23.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm earned $5.04 EPS. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year. On average, analysts anticipate that Chord Energy Co. will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 4.28%. Chord Energy’s payout ratio is currently 25.75%.

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.