Vanguard Group Inc. Has $585.68 Million Position in Chord Energy Corporation $CHRD

Vanguard Group Inc. lessened its holdings in shares of Chord Energy Corporation (NASDAQ:CHRD) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,893,947 shares of the company’s stock after selling 65,082 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Chord Energy worth $585,682,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Assetmark Inc. lifted its stake in Chord Energy by 7.3% in the second quarter. Assetmark Inc. now owns 1,417 shares of the company’s stock valued at $137,000 after buying an additional 96 shares in the last quarter. First Citizens Bank & Trust Co. lifted its position in Chord Energy by 2.3% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 5,306 shares of the company’s stock valued at $527,000 after acquiring an additional 120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Chord Energy by 18.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 822 shares of the company’s stock worth $82,000 after purchasing an additional 130 shares during the period. WealthCollab LLC increased its holdings in Chord Energy by 90.6% during the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock worth $30,000 after purchasing an additional 145 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Chord Energy by 3.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,325 shares of the company’s stock worth $430,000 after purchasing an additional 157 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

Chord Energy Price Performance

Shares of CHRD opened at $104.92 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $96.02 and its 200 day simple moving average is $96.94. Chord Energy Corporation has a 1-year low of $79.83 and a 1-year high of $116.09. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 40.35 and a beta of 0.92.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Pickering Energy Partners cut Chord Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, January 9th. William Blair began coverage on shares of Chord Energy in a research note on Friday, November 21st. They set an “outperform” rating for the company. Wells Fargo & Company cut their price objective on shares of Chord Energy from $113.00 to $109.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 27th. Mizuho set a $148.00 target price on shares of Chord Energy in a research report on Friday, January 9th. Finally, UBS Group cut their price target on shares of Chord Energy from $123.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.92.

Chord Energy Profile

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.