Segall Bryant & Hamill LLC Has $11.17 Million Holdings in Chord Energy Co. (NASDAQ:CHRD)

Segall Bryant & Hamill LLC boosted its holdings in Chord Energy Co. (NASDAQ:CHRD) by 9.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 85,746 shares of the company’s stock after purchasing an additional 7,514 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Chord Energy were worth $11,167,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CHRD. GAMMA Investing LLC lifted its holdings in shares of Chord Energy by 30.6% in the third quarter. GAMMA Investing LLC now owns 414 shares of the company’s stock valued at $54,000 after purchasing an additional 97 shares in the last quarter. New York State Teachers Retirement System raised its position in Chord Energy by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 27,274 shares of the company’s stock valued at $3,552,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. lifted its stake in Chord Energy by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after acquiring an additional 101 shares in the last quarter. Lindenwold Advisors INC lifted its stake in Chord Energy by 5.0% during the 3rd quarter. Lindenwold Advisors INC now owns 2,523 shares of the company’s stock valued at $329,000 after acquiring an additional 119 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Chord Energy by 21.4% during the 3rd quarter. Covestor Ltd now owns 767 shares of the company’s stock worth $100,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CHRD shares. Royal Bank of Canada dropped their price target on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday. Piper Sandler boosted their target price on shares of Chord Energy from $211.00 to $212.00 and gave the company an “overweight” rating in a research note on Monday. Jefferies Financial Group initiated 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. UBS Group initiated coverage on shares of Chord Energy in a research report on Wednesday, October 16th. They set a “buy” rating and a $168.00 target price for the company. Finally, Citigroup dropped their target price on Chord Energy from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and an average price target of $188.45.

Insider Transactions at Chord Energy

In related news, Director Samantha Holroyd acquired 500 shares of Chord Energy stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $149.51 per share, with a total value of $74,755.00. Following the completion of the purchase, the director now owns 14,417 shares of the company’s stock, valued at $2,155,485.67. This represents a 3.59 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Chord Energy Stock Performance

Chord Energy stock opened at $129.84 on Thursday. Chord Energy Co. has a fifty-two week low of $123.30 and a fifty-two week high of $190.23. The firm’s fifty day moving average price is $131.00 and its 200-day moving average price is $153.33. The stock has a market cap of $7.94 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 5.02 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 released its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share 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 firm 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 business earned $5.04 EPS. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. On average, equities research analysts expect that Chord Energy Co. will post 16.8 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

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.