Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Viking Fund Management LLC

Viking Fund Management LLC reduced its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 400 shares of the company’s stock after selling 200 shares during the quarter. Viking Fund Management LLC’s holdings in Chord Energy were worth $47,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in Chord Energy by 9.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,049 shares of the company’s stock valued at $473,000 after purchasing an additional 344 shares in the last quarter. Delta Capital Management LLC lifted its position in shares of Chord Energy by 4.3% during the 4th quarter. Delta Capital Management LLC now owns 2,200 shares of the company’s stock worth $257,000 after buying an additional 90 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Chord Energy in the 4th quarter valued at $29,000. Albert D Mason Inc. grew its position in shares of Chord Energy by 70.9% in the 4th quarter. Albert D Mason Inc. now owns 5,543 shares of the company’s stock valued at $648,000 after buying an additional 2,299 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Chord Energy during the 4th quarter worth $553,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Down 1.7 %

CHRD stock opened at $124.18 on Wednesday. The stock has a market capitalization of $7.59 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 6.18 and a beta of 0.99. The company has a fifty day moving average of $122.16 and a 200-day moving average of $137.09. 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 Co. has a one year low of $109.59 and a one year high of $190.23.

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 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 analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $5.04 EPS. Chord Energy’s revenue for the quarter was up 33.4% on a year-over-year basis. As a group, analysts expect that Chord Energy Co. will post 15.72 EPS for the current year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s dividend payout ratio is presently 25.75%.

Analyst Ratings Changes

Several equities analysts have issued reports on CHRD shares. Wells Fargo & Company decreased their price objective on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. BMO Capital Markets decreased their target price 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. Royal Bank of Canada cut their price target on Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Truist Financial increased their price objective on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Mizuho cut their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Three research 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, the stock has an average rating of “Moderate Buy” and an average price target of $173.08.

Insiders Place Their Bets

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the sale, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at $2,267,428.80. The trade was a 4.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Chord Energy 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.