Kraematon Investment Advisors Inc. Has $2.44 Million Holdings in Chord Energy Corporation $CHRD

Kraematon Investment Advisors Inc. decreased its stake in shares of Chord Energy Corporation (NASDAQ:CHRD) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,225 shares of the company’s stock after selling 477 shares during the period. Chord Energy accounts for about 2.3% of Kraematon Investment Advisors Inc.’s holdings, making the stock its 12th largest position. Kraematon Investment Advisors Inc.’s holdings in Chord Energy were worth $2,443,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRD. Nuveen LLC acquired a new position in Chord Energy during the first quarter valued at approximately $36,837,000. HITE Hedge Asset Management LLC boosted its holdings in shares of Chord Energy by 27.8% during the 1st quarter. HITE Hedge Asset Management LLC now owns 446,015 shares of the company’s stock worth $50,275,000 after buying an additional 97,086 shares during the period. Trexquant Investment LP grew its stake in Chord Energy by 176.1% in the 1st quarter. Trexquant Investment LP now owns 144,736 shares of the company’s stock valued at $16,315,000 after buying an additional 92,320 shares during the last quarter. Gotham Asset Management LLC grew its stake in Chord Energy by 864.5% in the 1st quarter. Gotham Asset Management LLC now owns 100,775 shares of the company’s stock valued at $11,359,000 after buying an additional 90,327 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Chord Energy by 59.8% in the 1st quarter. AQR Capital Management LLC now owns 236,436 shares of the company’s stock worth $26,651,000 after acquiring an additional 88,490 shares during the period. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Stock Up 1.7%

Shares of NASDAQ CHRD opened at $99.13 on Friday. Chord Energy Corporation has a 12-month low of $79.83 and a 12-month high of $139.26. The firm’s 50-day simple moving average is $104.51 and its 200 day simple moving average is $100.72. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 25.22 and a beta of 0.94.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). Chord Energy had a net margin of 5.02% and a return on equity of 9.02%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $984.07 million. During the same quarter in the previous year, the business posted $4.69 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts expect that Chord Energy Corporation will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Thursday, August 21st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Thursday, August 21st. Chord Energy’s dividend payout ratio (DPR) is presently 132.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Scotiabank initiated coverage on Chord Energy in a research report on Friday, September 19th. They issued a “sector perform” rating and a $120.00 price target on the stock. Mizuho lowered their target price on Chord Energy from $152.00 to $142.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. UBS Group lifted their price target on Chord Energy from $122.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chord Energy in a research report on Saturday, September 27th. Finally, Wells Fargo & Company raised their price objective on shares of Chord Energy from $146.00 to $149.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chord Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.67.

Insider Activity at Chord Energy

In other news, EVP Shannon Browning Kinney sold 3,019 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $105.43, for a total transaction of $318,293.17. Following the completion of the sale, the executive vice president owned 14,650 shares in the company, valued at $1,544,549.50. The trade was a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

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.