Chord Energy Corporation $CHRD Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its position in Chord Energy Corporation (NASDAQ:CHRD) by 11,140.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,124 shares of the company’s stock after acquiring an additional 1,114 shares during the period. Hantz Financial Services Inc.’s holdings in Chord Energy were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in shares of Chord Energy by 59.8% during the 1st quarter. AQR Capital Management LLC now owns 236,436 shares of the company’s stock valued at $26,651,000 after purchasing an additional 88,490 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Chord Energy by 364.2% during the 1st quarter. Hsbc Holdings PLC now owns 35,795 shares of the company’s stock valued at $4,055,000 after purchasing an additional 28,084 shares in the last quarter. Aurora Investment Counsel purchased a new position in shares of Chord Energy during the 1st quarter valued at approximately $1,940,000. New York State Teachers Retirement System increased its holdings in shares of Chord Energy by 8.4% during the 1st quarter. New York State Teachers Retirement System now owns 29,190 shares of the company’s stock valued at $3,290,000 after purchasing an additional 2,263 shares in the last quarter. Finally, ARGA Investment Management LP purchased a new position in shares of Chord Energy during the 1st quarter valued at approximately $1,366,000. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Trading Up 0.2%

Shares of CHRD opened at $90.92 on Tuesday. Chord Energy Corporation has a 52-week low of $79.83 and a 52-week high of $136.38. 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 firm’s fifty day moving average is $99.25 and its two-hundred day moving average is $99.67. The stock has a market cap of $5.21 billion, a PE ratio of 23.13 and a beta of 0.92.

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

Chord Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Thursday, August 21st were issued a $1.30 dividend. The ex-dividend date was Thursday, August 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.7%. Chord Energy’s dividend payout ratio is presently 132.32%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Chord Energy from $131.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. UBS Group increased their target price on shares of Chord Energy from $122.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Bank of America increased their target price on shares of Chord Energy from $112.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Wall Street Zen cut shares of Chord Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Roth Capital started coverage on shares of Chord Energy in a research note on Monday, October 13th. They issued a “buy” rating and a $130.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.38.

Insider Buying and Selling

In other Chord Energy news, EVP Shannon Browning Kinney sold 3,019 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $105.43, for a total value of $318,293.17. Following the completion of the sale, the executive vice president owned 14,650 shares in the company, valued at approximately $1,544,549.50. This represents a 17.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.