Benjamin F. Edwards & Company Inc. Has $41,000 Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Benjamin F. Edwards & Company Inc. grew its holdings in Chord Energy Co. (NASDAQ:CHRD) by 125.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 244 shares of the company’s stock after buying an additional 136 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Chord Energy were worth $41,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Chord Energy by 72.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company’s stock worth $297,090,000 after purchasing an additional 741,705 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Chord Energy by 397.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company’s stock worth $266,454,000 after acquiring an additional 1,269,658 shares during the last quarter. First Trust Advisors LP grew its holdings in Chord Energy by 11.0% during the 4th quarter. First Trust Advisors LP now owns 1,402,359 shares of the company’s stock worth $233,114,000 after acquiring an additional 138,957 shares during the last quarter. Boston Partners grew its holdings in Chord Energy by 107.0% during the 1st quarter. Boston Partners now owns 1,305,942 shares of the company’s stock worth $232,813,000 after acquiring an additional 674,965 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Chord Energy by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 971,982 shares of the company’s stock valued at $162,982,000 after purchasing an additional 113,618 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Activity at Chord Energy

In other news, Director Samantha Holroyd bought 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired 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. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by company insiders.

Chord Energy Price Performance

Shares of CHRD opened at $130.80 on Friday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 6.14, a P/E/G ratio of 4.92 and a beta of 0.99. Chord Energy Co. has a twelve month low of $126.96 and a twelve month high of $190.23. The company has a 50 day moving average of $148.46 and a 200-day moving average of $166.11. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 earnings per share for the quarter, missing the consensus estimate of $5.00 by ($0.31). The business had revenue of $902.70 million for the quarter, compared to the consensus estimate of $982.43 million. Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. Chord Energy’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.65 earnings per share. As a group, equities research analysts forecast that Chord Energy Co. will post 18.48 EPS for the current fiscal year.

Chord Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $5.00 annualized dividend and a dividend yield of 3.82%. Chord Energy’s dividend payout ratio is presently 23.46%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CHRD shares. Bank of America increased their price target on shares of Chord Energy from $201.00 to $208.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Citigroup cut their price target on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Jefferies Financial Group assumed coverage on shares of Chord Energy in a report on Thursday, September 5th. They set a “hold” rating and a $160.00 target price on the stock. Piper Sandler dropped their target price on shares of Chord Energy from $234.00 to $206.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Finally, Wolfe Research assumed coverage on shares of Chord Energy in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $202.10.

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.