Northwest & Ethical Investments L.P. Has $52,000 Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Northwest & Ethical Investments L.P. decreased its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 68.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 400 shares of the company’s stock after selling 869 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Chord Energy were worth $52,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHRD. Hexagon Capital Partners LLC lifted its position in Chord Energy by 462.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after buying an additional 162 shares in the last quarter. Stone House Investment Management LLC acquired a new position in Chord Energy during the 3rd quarter worth about $26,000. UMB Bank n.a. lifted its position in Chord Energy by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after buying an additional 101 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in Chord Energy during the 3rd quarter worth about $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Chord Energy during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Stock Performance

Shares of CHRD stock opened at $127.52 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market cap of $7.80 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98. The stock has a 50-day moving average of $130.17 and a 200-day moving average of $150.62. Chord Energy Co. has a one year low of $123.30 and a one year high of $190.23.

Chord Energy (NASDAQ:CHRD) last posted its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $5.04 earnings per share. Chord Energy’s revenue for the quarter was up 33.4% compared to the same quarter last year. As a group, sell-side analysts expect that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 3.92%. Chord Energy’s payout ratio is 25.75%.

Wall Street Analyst Weigh In

CHRD has been the topic of several research reports. Piper Sandler upped their price target on shares of Chord Energy from $211.00 to $212.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. BMO Capital Markets dropped their price objective on Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Citigroup dropped their price objective on Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 12th. Jefferies Financial Group started coverage on Chord Energy in a report on Thursday, September 5th. They set a “hold” rating and a $160.00 price objective for the company. Finally, Truist Financial dropped their price objective on Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chord Energy presently has an average rating of “Moderate Buy” and an average price target of $188.45.

Chord Energy 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.