Intrust Bank NA Has $404,000 Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Intrust Bank NA boosted its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 14.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,433 shares of the company’s stock after buying an additional 310 shares during the period. Intrust Bank NA’s holdings in Chord Energy were worth $404,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Retirement Systems of Alabama raised its holdings in Chord Energy by 44.3% during the 4th quarter. Retirement Systems of Alabama now owns 99,799 shares of the company’s stock worth $16,590,000 after buying an additional 30,643 shares during the period. Truist Financial Corp raised its holdings in Chord Energy by 8.1% during the 4th quarter. Truist Financial Corp now owns 29,125 shares of the company’s stock worth $4,841,000 after buying an additional 2,183 shares during the period. Yousif Capital Management LLC raised its holdings in Chord Energy by 1.7% during the 4th quarter. Yousif Capital Management LLC now owns 19,620 shares of the company’s stock worth $3,261,000 after buying an additional 334 shares during the period. California Public Employees Retirement System grew its stake in shares of Chord Energy by 4.1% during the 4th quarter. California Public Employees Retirement System now owns 78,852 shares of the company’s stock worth $13,108,000 after acquiring an additional 3,128 shares in the last quarter. Finally, Monument Capital Management bought a new position in shares of Chord Energy during the 4th quarter worth approximately $2,035,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chord Energy news, CFO Michael H. Lou sold 3,000 shares of Chord Energy stock in a transaction on Friday, February 16th. The shares were sold at an average price of $165.00, for a total transaction of $495,000.00. Following the completion of the transaction, the chief financial officer now directly owns 128,209 shares of the company’s stock, valued at $21,154,485. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

Chord Energy Price Performance

NASDAQ:CHRD opened at $174.17 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $173.78 and a 200 day simple moving average of $165.76. Chord Energy Co. has a 1-year low of $133.34 and a 1-year high of $190.23. The stock has a market capitalization of $7.24 billion, a PE ratio of 7.40 and a beta of 1.07.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, February 21st. The company reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.21. Chord Energy had a net margin of 26.27% and a return on equity of 16.35%. The firm had revenue of $964.69 million during the quarter, compared to analysts’ expectations of $891.67 million. On average, research analysts expect that Chord Energy Co. will post 22.03 EPS for the current fiscal year.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were given a dividend of $3.25 per share. This represents a $13.00 dividend on an annualized basis and a yield of 7.46%. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, March 4th. Chord Energy’s payout ratio is 21.25%.

Analyst Ratings Changes

CHRD has been the subject of several research reports. Mizuho raised their price target on shares of Chord Energy from $189.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Bank of America cut shares of Chord Energy from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $177.00 to $165.00 in a research note on Friday, January 5th. Stifel Nicolaus raised their price target on shares of Chord Energy from $178.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Piper Sandler raised their price target on shares of Chord Energy from $219.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Truist Financial decreased their price target on shares of Chord Energy from $229.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.50.

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.