5,431 Shares in Chord Energy Co. (NASDAQ:CHRD) Purchased by Nisa Investment Advisors LLC

Posted by Defense World Staff on Apr 28th, 2023

Nisa Investment Advisors LLC bought a new position in shares of Chord Energy Co. (NASDAQ:CHRD – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,431 shares of the company’s stock, valued at approximately $743,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Miller Howard Investments Inc. NY purchased a new stake in Chord Energy in the fourth quarter valued at approximately $428,000. ProShare Advisors LLC purchased a new position in Chord Energy in the fourth quarter valued at about $732,000. State of New Jersey Common Pension Fund D purchased a new position in Chord Energy in the fourth quarter valued at about $3,045,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Chord Energy in the fourth quarter valued at about $760,000. Finally, Ninepoint Partners LP purchased a new position in Chord Energy in the fourth quarter valued at about $101,923,000. 93.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chord Energy

In other Chord Energy news, Director Lynn A. Peterson sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $142.03, for a total value of $426,090.00. Following the transaction, the director now owns 241,098 shares in the company, valued at approximately $34,243,148.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Chord Energy news, Director Lynn A. Peterson sold 1,048 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $140.06, for a total value of $146,782.88. Following the transaction, the director now owns 246,050 shares in the company, valued at approximately $34,461,763. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lynn A. Peterson sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $142.03, for a total transaction of $426,090.00. Following the completion of the transaction, the director now owns 241,098 shares in the company, valued at approximately $34,243,148.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,048 shares of company stock worth $1,007,693. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Chord Energy from $210.00 to $213.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Bank of America assumed coverage on shares of Chord Energy in a research note on Wednesday, January 25th. They set a “buy” rating and a $178.00 price objective for the company. Truist Financial raised their target price on shares of Chord Energy from $187.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, April 11th. Mizuho decreased their target price on shares of Chord Energy from $196.00 to $179.00 in a research report on Friday, March 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $190.00 target price on shares of Chord Energy in a research report on Thursday, March 30th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Chord Energy currently has a consensus rating of “Moderate Buy” and an average price target of $192.75.

Chord Energy Stock Performance

Shares of CHRD stock opened at $138.62 on Friday. The company’s fifty day simple moving average is $136.19 and its 200-day simple moving average is $140.96. Chord Energy Co. has a 52 week low of $93.35 and a 52 week high of $181.34. The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 0.08. The company has a market cap of $5.77 billion, a PE ratio of 2.33, a P/E/G ratio of 0.32 and a beta of 1.36.

Chord Energy (NASDAQ:CHRD – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $5.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.89 by ($0.61). The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $875.33 million. Chord Energy had a return on equity of 29.44% and a net margin of 50.90%. As a group, equities research analysts anticipate that Chord Energy Co. will post 22.24 EPS for the current year.

Chord Energy Increases Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, March 21st. Investors of record on Tuesday, March 7th were paid a dividend of $4.80 per share. The ex-dividend date of this dividend was Monday, March 6th. This is a positive change from Chord Energy’s previous None dividend of $3.67. This represents a yield of 3.7%. Chord Energy’s dividend payout ratio is currently 8.41%.

About Chord Energy

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Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin. The company was founded in 2007 and is headquartered in Houston, Texas.