1,593 Shares in Chord Energy Co. (NASDAQ:CHRD) Acquired by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC acquired a new position in Chord Energy Co. (NASDAQ:CHRD) in the 3rd quarter, HoldingsChannel reports. The firm acquired 1,593 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC raised its stake in shares of Chord Energy by 462.9% in the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after purchasing an additional 162 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Chord Energy in the third quarter worth approximately $26,000. UMB Bank n.a. raised its stake in shares of Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after purchasing an additional 101 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Chord Energy in the second quarter worth approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Chord Energy by 125.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock worth $41,000 after purchasing an additional 136 shares during the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Price Performance

Shares of NASDAQ CHRD opened at $126.43 on Friday. The stock has a fifty day simple moving average of $130.35 and a two-hundred day simple moving average of $151.43. Chord Energy Co. has a 1-year low of $123.30 and a 1-year high of $190.23. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 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 company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $5.04 earnings per share. Chord Energy’s revenue was up 33.4% on a year-over-year basis. Analysts anticipate that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Wednesday, November 27th. Chord Energy’s payout ratio is currently 25.75%.

Analyst Ratings Changes

Several analysts have recently commented on CHRD shares. UBS Group started coverage on Chord Energy in a research note on Wednesday, October 16th. They issued a “buy” rating and a $168.00 price objective for the company. Royal Bank of Canada reduced their target price on Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Truist Financial reduced their target price on Chord Energy from $223.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. BMO Capital Markets reduced their target price on Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Citigroup reduced their target price on Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.45.

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.