Miller Howard Investments Inc. NY Sells 5,025 Shares of Chord Energy Co. (NASDAQ:CHRD)

Miller Howard Investments Inc. NY trimmed its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,506 shares of the company’s stock after selling 5,025 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Chord Energy were worth $1,462,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CHRD. Entropy Technologies LP acquired a new position in Chord Energy during the fourth quarter worth $208,000. Kingsview Wealth Management LLC raised its holdings in shares of Chord Energy by 55.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company’s stock worth $2,542,000 after acquiring an additional 7,743 shares during the last quarter. Tectonic Advisors LLC lifted its position in Chord Energy by 2.1% in the 4th quarter. Tectonic Advisors LLC now owns 8,443 shares of the company’s stock valued at $987,000 after acquiring an additional 176 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in Chord Energy during the 4th quarter valued at about $118,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Chord Energy during the 4th quarter worth approximately $255,000. 97.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

CHRD has been the topic of several analyst reports. Bank of America reaffirmed a “neutral” rating and set a $138.00 target price (down previously from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. Mizuho reduced their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. UBS Group dropped their price target on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Piper Sandler cut their price target on shares of Chord Energy from $194.00 to $193.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $173.08.

Chord Energy Trading Up 1.0 %

Shares of Chord Energy stock opened at $109.38 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a market capitalization of $6.69 billion, a P/E ratio of 5.63, a P/E/G ratio of 5.46 and a beta of 0.98. Chord Energy Co. has a 52-week low of $107.24 and a 52-week high of $190.23. The stock’s 50-day simple moving average is $118.26 and its 200 day simple moving average is $132.00.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 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 business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $5.04 earnings per share. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. As a group, research analysts anticipate that Chord Energy Co. will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.57%. Chord Energy’s payout ratio is 25.75%.

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.