Squarepoint Ops LLC Sells 119,514 Shares of Chord Energy Co. (NASDAQ:CHRD)

Squarepoint Ops LLC lowered its position in Chord Energy Co. (NASDAQ:CHRD) by 93.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,319 shares of the company’s stock after selling 119,514 shares during the period. Squarepoint Ops LLC’s holdings in Chord Energy were worth $1,395,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Chord Energy in the first quarter valued at $31,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Chord Energy in the 2nd quarter worth about $40,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of 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 period. GAMMA Investing LLC boosted its position in shares of Chord Energy by 151.6% during the 2nd quarter. GAMMA Investing LLC now owns 317 shares of the company’s stock valued at $53,000 after purchasing an additional 191 shares in the last quarter. Finally, Atlas Capital Advisors LLC acquired a new stake in Chord Energy during the second quarter worth approximately $60,000. 97.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Chord Energy news, Director Samantha Holroyd bought 500 shares of Chord Energy stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $149.51 per share, with a total value of $74,755.00. Following the completion of the acquisition, the director now directly owns 14,417 shares in the company, valued at approximately $2,155,485.67. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Chord Energy Stock Up 1.3 %

Shares of NASDAQ:CHRD opened at $136.45 on Friday. The business’s 50 day moving average is $144.47 and its 200 day moving average is $164.95. Chord Energy Co. has a 12-month low of $126.96 and a 12-month high of $190.23. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 4.92 and a beta of 0.97. 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 posted its quarterly earnings data on Wednesday, August 7th. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.00 by ($0.31). The firm had revenue of $902.70 million for the quarter, compared to analysts’ expectations 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 firm earned $3.65 earnings per share. On average, sell-side analysts forecast that Chord Energy Co. will post 18.48 earnings per share for the current fiscal year.

Chord Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 yield of 3.66%. Chord Energy’s dividend payout ratio (DPR) is 23.46%.

Analyst Ratings Changes

Several brokerages have issued reports on CHRD. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Chord Energy in a research note on Friday, September 20th. Wolfe Research initiated coverage on shares of Chord Energy in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Citigroup decreased their price target on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Jefferies Financial Group initiated coverage on shares of Chord Energy in a research report on Thursday, September 5th. They set a “hold” rating and a $160.00 price objective on the stock. Finally, Bank of America boosted their target price on Chord Energy from $201.00 to $208.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chord Energy has an average rating of “Moderate Buy” and a consensus price target of $192.40.

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.