Janney Montgomery Scott LLC Has $2.56 Million Stake in Chord Energy Co. (NASDAQ:CHRD)

Janney Montgomery Scott LLC boosted its stake in Chord Energy Co. (NASDAQ:CHRD) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,621 shares of the company’s stock after buying an additional 2,129 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Chord Energy were worth $2,555,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hexagon Capital Partners LLC raised its position in Chord Energy by 462.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after purchasing an additional 162 shares during the last quarter. UMB Bank n.a. raised its position in Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after purchasing an additional 101 shares during the last quarter. Spartan Fund Management Inc. bought a new position in Chord Energy in the 3rd quarter valued at $34,000. Ashton Thomas Private Wealth LLC bought a new position in Chord Energy in the 2nd quarter valued at $40,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in Chord Energy by 125.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock valued at $41,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Buying and Selling

In other Chord Energy news, Director Samantha Holroyd bought 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was 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 in the company, valued at approximately $2,155,485.67. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Chord Energy Stock Down 0.3 %

Shares of Chord Energy stock opened at $131.67 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 12 month low of $123.30 and a 12 month high of $190.23. The business has a fifty day simple moving average of $131.92 and a 200 day simple moving average of $155.59. The stock has a market cap of $8.15 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.23). Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm earned $5.04 earnings per share. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis. Research analysts predict that Chord Energy Co. will post 17.07 EPS for the current year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.80%. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Analyst Ratings Changes

Several brokerages have issued reports on CHRD. Wells Fargo & Company cut their price objective on Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets cut their price objective on Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Wolfe Research began coverage on Chord Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Bank of America boosted their target price on Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Chord Energy in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.18.

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.