Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its stake in Chord Energy Co. (NASDAQ:CHRD) by 14.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,877 shares of the company’s stock after selling 1,300 shares during the quarter. Foster & Motley Inc.’s holdings in Chord Energy were worth $921,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CHRD. Hexagon Capital Partners LLC boosted its holdings in Chord Energy by 462.9% in the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after purchasing an additional 162 shares during the last quarter. Stone House Investment Management LLC purchased a new position in Chord Energy in the third quarter valued at about $26,000. Brooklyn Investment Group purchased a new position in Chord Energy in the fourth quarter valued at about $29,000. UMB Bank n.a. boosted its holdings in Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after purchasing an additional 101 shares during the last quarter. Finally, Spartan Fund Management Inc. purchased a new position in Chord Energy in the third quarter valued at about $34,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Transactions at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $116.35, for a total value of $116,350.00. Following the sale, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at approximately $2,267,428.80. The trade was a 4.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Chord Energy Stock Down 0.9 %

Shares of Chord Energy stock opened at $115.70 on Friday. The business’s fifty day moving average price is $120.45 and its two-hundred day moving average price is $134.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market capitalization of $7.07 billion, a P/E ratio of 5.96, a PEG ratio of 6.35 and a beta of 0.99. Chord Energy Co. has a 1-year low of $109.59 and a 1-year high of $190.23.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The firm’s revenue was up 33.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.04 EPS. As a group, research analysts forecast that Chord Energy Co. will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy’s dividend payout ratio is presently 25.75%.

Analyst Ratings Changes

A number of research analysts recently commented on CHRD shares. Morgan Stanley started coverage on Chord Energy in a report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 price target for the company. UBS Group decreased their target price on Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research report on Monday, December 9th. BMO Capital Markets decreased their target price on Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Royal Bank of Canada decreased their target price on Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Finally, Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price for the company in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chord Energy presently has a consensus rating of “Moderate Buy” and an average price target of $173.08.

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.