SIR Capital Management L.P. bought a new stake in Chord Energy Co. (NASDAQ:CHRD – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 196,180 shares of the company’s stock, valued at approximately $32,895,000. Chord Energy accounts for 3.3% of SIR Capital Management L.P.’s portfolio, making the stock its 4th biggest position. SIR Capital Management L.P. owned 0.47% of Chord Energy as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Fortem Financial Group LLC increased its stake in Chord Energy by 1.6% during the 1st quarter. Fortem Financial Group LLC now owns 5,958 shares of the company’s stock worth $1,062,000 after acquiring an additional 91 shares during the period. New York State Teachers Retirement System increased its position in shares of Chord Energy by 0.6% in the first quarter. New York State Teachers Retirement System now owns 15,792 shares of the company’s stock worth $2,815,000 after purchasing an additional 100 shares during the period. Rise Advisors LLC acquired a new position in Chord Energy in the first quarter valued at about $31,000. Janney Montgomery Scott LLC raised its stake in Chord Energy by 2.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,531 shares of the company’s stock valued at $1,086,000 after purchasing an additional 175 shares in the last quarter. Finally, Ellsworth Advisors LLC lifted its position in Chord Energy by 6.6% during the second quarter. Ellsworth Advisors LLC now owns 3,048 shares of the company’s stock worth $511,000 after purchasing an additional 188 shares during the period. 97.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Chord Energy
In related news, Director Samantha Holroyd acquired 500 shares of the stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the transaction, the director now directly owns 14,417 shares of the company’s stock, valued at $2,155,485.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Research Report on CHRD
Chord Energy Stock Performance
NASDAQ:CHRD opened at $133.11 on Tuesday. The stock’s 50-day moving average is $159.30 and its 200-day moving average is $168.93. The stock has a market cap of $8.24 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 4.54 and a beta of 0.99. Chord Energy Co. has a 1-year low of $132.78 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.
Chord Energy (NASDAQ:CHRD – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.00 by ($0.31). The business had revenue of $902.70 million during the quarter, compared to analyst estimates of $982.43 million. Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.65 earnings per share. Equities research analysts anticipate that Chord Energy Co. will post 19.61 earnings per share for the current year.
Chord Energy Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.76%. The ex-dividend date was Wednesday, August 21st. Chord Energy’s payout ratio is presently 23.46%.
Chord Energy Company 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.
Recommended Stories
- Five stocks we like better than Chord Energy
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Amazon Stock is a Red Hot Bargain (For Now)
- How to Calculate Retirement Income: MarketBeat’s Calculator
- AI Disrupts SaaS: Salesforce, Workday Navigate Industry Shift
- Investing In Preferred Stock vs. Common Stock
- 2 Energy Stocks to Watch for Bargain Buy Levels
Receive News & Ratings for Chord Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chord Energy and related companies with MarketBeat.com's FREE daily email newsletter.