Atria Investments Inc Has $250,000 Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Atria Investments Inc lessened its stake in Chord Energy Co. (NASDAQ:CHRD) by 45.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,921 shares of the company’s stock after selling 1,570 shares during the quarter. Atria Investments Inc’s holdings in Chord Energy were worth $250,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its holdings in shares of Chord Energy by 462.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock worth $26,000 after acquiring an additional 162 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Chord Energy by 77.7% during the third quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after purchasing an additional 101 shares during the period. Spartan Fund Management Inc. acquired a new stake in shares of Chord Energy in the third quarter valued at approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Chord Energy in the second quarter valued at approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Chord Energy by 125.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company’s stock valued at $41,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Trading Up 1.6 %

Shares of CHRD stock opened at $134.43 on Friday. The company has a market cap of $8.22 billion, a P/E ratio of 6.92, a PEG ratio of 5.31 and a beta of 0.98. Chord Energy Co. has a fifty-two week low of $123.30 and a fifty-two week high of $190.23. The stock has a 50 day simple moving average of $131.00 and a two-hundred day simple moving average of $152.88. 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 issued its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.26 billion. During the same period in the prior year, the company earned $5.04 earnings per share. The firm’s revenue was up 33.4% compared to the same quarter last year. Research analysts forecast that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 3.72%. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CHRD shares. UBS Group began coverage on Chord Energy in a research report on Wednesday, October 16th. They set a “buy” rating and a $168.00 target price for the company. Truist Financial decreased their price target on shares of Chord Energy from $223.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Jefferies Financial Group initiated coverage on Chord Energy in a research report on Thursday, September 5th. They set a “hold” rating and a $160.00 price objective on the stock. BMO Capital Markets reduced their price target on Chord Energy from $205.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Finally, Royal Bank of Canada cut their price target on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.45.

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.