New York State Teachers Retirement System Grows Position in Chord Energy Co. (NASDAQ:CHRD)

New York State Teachers Retirement System raised its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,274 shares of the company’s stock after buying an additional 100 shares during the quarter. New York State Teachers Retirement System’s holdings in Chord Energy were worth $3,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in Chord Energy by 7.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,045 shares of the company’s stock worth $1,256,000 after buying an additional 514 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Chord Energy during the first quarter valued at $638,000. Texas Permanent School Fund Corp boosted its stake in Chord Energy by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 36,126 shares of the company’s stock worth $6,439,000 after acquiring an additional 467 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Chord Energy by 31.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,496 shares of the company’s stock worth $623,000 after acquiring an additional 846 shares during the last quarter. Finally, LSV Asset Management grew its position in Chord Energy by 32.5% during the 1st quarter. LSV Asset Management now owns 131,920 shares of the company’s stock valued at $23,513,000 after purchasing an additional 32,366 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Up 4.2 %

Shares of NASDAQ CHRD opened at $131.96 on Thursday. Chord Energy Co. has a 1 year low of $123.30 and a 1 year high of $190.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.91. The company has a market capitalization of $8.17 billion, a P/E ratio of 6.41, a P/E/G ratio of 4.86 and a beta of 0.98. The company has a 50 day simple moving average of $132.91 and a 200-day simple moving average of $156.86.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). The business had revenue of $902.70 million during the quarter, compared to analyst estimates of $982.43 million. Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.65 EPS. On average, equities research analysts predict that Chord Energy Co. will post 17.07 earnings per share for the current year.

Insider Transactions at Chord Energy

In related news, Director Samantha Holroyd bought 500 shares of the stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $149.51 per share, for a total transaction of $74,755.00. Following the purchase, the director now owns 14,417 shares of the company’s stock, valued at $2,155,485.67. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

CHRD has been the topic of a number of research analyst reports. Truist Financial lowered their price objective on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Jefferies Financial Group started coverage on shares of Chord Energy in a research note on Thursday, September 5th. They set a “hold” rating and a $160.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Chord Energy in a report on Friday, September 20th. Wells Fargo & Company decreased their target price on Chord Energy from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Wolfe Research assumed coverage on shares of Chord Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chord Energy presently has an average rating of “Moderate Buy” and an average price target of $190.18.

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.