Cynosure Group LLC Has $846,000 Stock Holdings in Chord Energy Corporation $CHRD

Cynosure Group LLC reduced its position in shares of Chord Energy Corporation (NASDAQ:CHRD) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,737 shares of the company’s stock after selling 1,024 shares during the quarter. Cynosure Group LLC’s holdings in Chord Energy were worth $846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHRD. Bayforest Capital Ltd bought a new stake in shares of Chord Energy during the second quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Chord Energy by 91.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 411 shares of the company’s stock worth $40,000 after purchasing an additional 196 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Chord Energy by 5,877.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 538 shares of the company’s stock valued at $61,000 after purchasing an additional 529 shares during the period. Allworth Financial LP increased its stake in Chord Energy by 160.5% during the 2nd quarter. Allworth Financial LP now owns 659 shares of the company’s stock valued at $64,000 after purchasing an additional 406 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Chord Energy by 254.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 687 shares of the company’s stock valued at $67,000 after purchasing an additional 493 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

Insider Transactions at Chord Energy

In other Chord Energy news, Director Samantha Holroyd bought 1,250 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $85.50 per share, with a total value of $106,875.00. Following the transaction, the director directly owned 17,706 shares in the company, valued at $1,513,863. This trade represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

Chord Energy Trading Up 1.1%

Shares of CHRD stock opened at $91.58 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.35. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 35.22 and a beta of 0.92. Chord Energy Corporation has a 52-week low of $79.83 and a 52-week high of $134.54. The company has a 50-day simple moving average of $94.45 and a two-hundred day simple moving average of $99.30.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Tuesday, November 4th. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.11. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.02 billion. Chord Energy had a return on equity of 8.27% and a net margin of 3.31%.The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.40 EPS. Research analysts anticipate that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Wednesday, November 19th. Chord Energy’s dividend payout ratio is 200.00%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CHRD shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chord Energy in a report on Wednesday, October 8th. Bank of America raised their price target on shares of Chord Energy from $112.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Morgan Stanley set a $123.00 price objective on Chord Energy in a report on Thursday. Wells Fargo & Company increased their price objective on Chord Energy from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Finally, Piper Sandler dropped their target price on Chord Energy from $167.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, November 18th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Chord Energy currently has an average rating of “Moderate Buy” and a consensus target price of $137.69.

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.