Crossmark Global Holdings Inc. Raises Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Crossmark Global Holdings Inc. boosted its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 58.6% in the third quarter, HoldingsChannel.com reports. The fund owned 5,769 shares of the company’s stock after acquiring an additional 2,131 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Chord Energy were worth $751,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CHRD. Dimensional Fund Advisors LP lifted its holdings in shares of Chord Energy by 72.0% during the second 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 period. Victory Capital Management Inc. boosted its holdings in Chord Energy by 397.5% in the second quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company’s stock valued at $266,454,000 after purchasing an additional 1,269,658 shares during the last quarter. Boston Partners grew its position 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 purchasing an additional 674,965 shares during the period. American Century Companies Inc. raised its stake in shares of 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 buying an additional 113,618 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Chord Energy by 27.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 761,852 shares of the company’s stock valued at $127,747,000 after buying an additional 165,196 shares during the period. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Trading Down 2.8 %

Shares of Chord Energy stock opened at $127.28 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a twelve month low of $123.30 and a twelve month high of $190.23. The firm has a market capitalization of $7.78 billion, a PE ratio of 6.55, a P/E/G ratio of 5.07 and a beta of 0.98. The firm’s 50-day moving average price is $131.20 and its 200 day moving average price is $154.45.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $5.04 EPS. The business’s revenue was up 33.4% compared to the same quarter last year. On average, sell-side analysts predict that Chord Energy Co. will post 16.87 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, November 27th. Chord Energy’s payout ratio is 25.75%.

Wall Street Analyst Weigh In

CHRD has been the topic of several analyst reports. Piper Sandler raised their target price on Chord Energy from $206.00 to $211.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Chord Energy in a report on Friday, September 20th. BMO Capital Markets lowered their price target on shares of Chord Energy from $205.00 to $175.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Wells Fargo & Company cut their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Siebert Williams Shank raised shares of Chord Energy to a “strong-buy” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chord Energy has a consensus rating of “Moderate Buy” and an average target price of $190.18.

Insider Activity

In related news, Director Samantha Holroyd purchased 500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $149.51 per share, with a total value of $74,755.00. Following the completion of the acquisition, the director now owns 14,417 shares in the company, valued at $2,155,485.67. This trade represents a 3.59 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

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.