Miller Howard Investments Inc. NY Sells 5,025 Shares of Chord Energy Co. (NASDAQ:CHRD)

Miller Howard Investments Inc. NY decreased its position in Chord Energy Co. (NASDAQ:CHRD) by 28.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,506 shares of the company’s stock after selling 5,025 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Chord Energy were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Chord Energy by 2.2% in the 3rd quarter. FMR LLC now owns 3,420,012 shares of the company’s stock valued at $445,388,000 after purchasing an additional 74,165 shares in the last quarter. State Street Corp grew its stake in shares of Chord Energy by 0.9% during the third quarter. State Street Corp now owns 2,485,777 shares of the company’s stock valued at $323,723,000 after buying an additional 22,753 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Chord Energy by 41.3% in the third quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock worth $292,423,000 after buying an additional 656,374 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Chord Energy by 50.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock valued at $218,892,000 after acquiring an additional 627,122 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Chord Energy by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock valued at $151,077,000 after acquiring an additional 34,156 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Price Performance

Shares of NASDAQ CHRD opened at $109.38 on Friday. The company has a 50 day simple moving average of $118.26 and a two-hundred day simple moving average of $132.00. Chord Energy Co. has a fifty-two week low of $107.24 and a fifty-two week high of $190.23. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 5.46 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data 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 net margin of 19.74% and a return on equity of 12.88%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm posted $5.04 EPS. The firm’s quarterly revenue was up 33.4% compared to the same quarter last year. Analysts expect that Chord Energy Co. will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.57%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is 25.75%.

Insider Activity at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the sale, the chief accounting officer now directly owns 19,488 shares in the company, valued at approximately $2,267,428.80. This trade represents a 4.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on CHRD shares. Morgan Stanley initiated coverage on Chord Energy in a research report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 price objective for the company. Siebert Williams Shank raised shares of Chord Energy to a “strong-buy” rating in a research report on Tuesday, October 15th. Mizuho decreased their price objective on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. UBS Group dropped their target price on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a report on Monday, December 9th. Finally, Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target on the stock in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $173.08.

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.