Chord Energy Co. (NASDAQ:CHRD) Holdings Lifted by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. grew its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 92,211 shares of the company’s stock after buying an additional 3,151 shares during the quarter. Chord Energy accounts for approximately 5.3% of Arkfeld Wealth Strategies L.L.C.’s investment portfolio, making the stock its 4th largest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in Chord Energy were worth $11,596,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of Chord Energy by 41.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock valued at $292,423,000 after purchasing an additional 656,374 shares during the last quarter. 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 purchasing an additional 34,156 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Chord Energy by 956.5% during the 2nd quarter. Bank of Montreal Can now owns 58,359 shares of the company’s stock worth $9,873,000 after acquiring an additional 52,835 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Chord Energy during the 4th quarter worth approximately $553,000. Finally, Foundry Partners LLC lifted its stake in shares of Chord Energy by 22.7% during the 3rd quarter. Foundry Partners LLC now owns 52,009 shares of the company’s stock worth $6,773,000 after acquiring an additional 9,613 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Down 2.7 %

Shares of CHRD opened at $117.46 on Friday. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 6.35 and a beta of 0.99. The stock’s 50-day moving average price is $121.53 and its 200-day moving average price is $135.97. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 52 week low of $109.59 and a 52 week high of $190.23.

Chord Energy (NASDAQ:CHRD) last announced its 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). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. Chord Energy’s revenue was up 33.4% compared to the same quarter last year. During the same period in the previous year, the company earned $5.04 EPS. On average, sell-side analysts predict that Chord Energy Co. will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 4.26%. Chord Energy’s dividend payout ratio is currently 25.75%.

Insider Activity at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $121.27, for a total transaction of $121,270.00. Following the completion of the sale, the chief accounting officer now directly owns 20,488 shares of the company’s stock, valued at $2,484,579.76. The trade was a 4.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CHRD shares. BMO Capital Markets decreased their price target on Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. UBS Group lowered their target price on Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a report on Monday, December 9th. Mizuho lowered their target price on Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Siebert Williams Shank upgraded Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley began coverage on Chord Energy in a research report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 price target for the company. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chord Energy currently has an average rating of “Moderate Buy” and an average price target of $173.08.

About Chord Energy

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.