Hara Capital LLC Sells 6,393 Shares of Chord Energy Corporation $CHRD

Hara Capital LLC cut its holdings in Chord Energy Corporation (NASDAQ:CHRD) by 44.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,067 shares of the company’s stock after selling 6,393 shares during the quarter. Hara Capital LLC’s holdings in Chord Energy were worth $781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. raised its stake in shares of Chord Energy by 7.3% in the second quarter. Assetmark Inc. now owns 1,417 shares of the company’s stock worth $137,000 after purchasing an additional 96 shares during the last quarter. Lynx Investment Advisory raised its position in Chord Energy by 3.6% in the 2nd quarter. Lynx Investment Advisory now owns 2,847 shares of the company’s stock worth $276,000 after buying an additional 99 shares during the last quarter. National Bank of Canada FI lifted its stake in Chord Energy by 2.1% during the 1st quarter. National Bank of Canada FI now owns 5,258 shares of the company’s stock valued at $592,000 after acquiring an additional 106 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Chord Energy by 1.4% during the 1st quarter. Voya Investment Management LLC now owns 7,579 shares of the company’s stock valued at $854,000 after acquiring an additional 107 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Chord Energy by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,921 shares of the company’s stock worth $329,000 after acquiring an additional 118 shares during the period. Institutional investors own 97.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CHRD. Bank of America increased their price objective 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. Wall Street Zen cut Chord Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. UBS Group dropped their price target on Chord Energy from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Wells Fargo & Company lifted their price objective on Chord Energy from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Finally, Roth Capital started coverage on Chord Energy in a report on Monday, October 13th. They issued a “buy” rating and a $130.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Chord Energy has an average rating of “Moderate Buy” and a consensus target price of $138.31.

Chord Energy Trading Down 1.6%

NASDAQ:CHRD opened at $97.36 on Friday. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 37.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.28. The business has a fifty day moving average price of $92.50 and a 200-day moving average price of $99.44. Chord Energy Corporation has a one year low of $79.83 and a one year high of $129.32.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results on Tuesday, November 4th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.11. Chord Energy had a return on equity of 8.27% and a net margin of 3.31%.The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $3.40 earnings per share. Chord Energy’s revenue for the quarter was up 17.0% on a year-over-year basis. Sell-side analysts forecast that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $5.20 annualized dividend and a yield of 5.3%. Chord Energy’s payout ratio is currently 200.00%.

Insider Buying and Selling at Chord Energy

In other news, Director Samantha Holroyd acquired 1,250 shares of Chord Energy 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 completion of the purchase, the director directly owned 17,706 shares in the company, valued at approximately $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 available through this hyperlink. 0.70% of the stock is currently owned by insiders.

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.