Measured Wealth Private Client Group LLC Has $275,000 Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Measured Wealth Private Client Group LLC boosted its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,657 shares of the company’s stock after purchasing an additional 186 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Chord Energy were worth $275,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. lifted its stake in shares of Chord Energy by 48.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 259 shares of the company’s stock valued at $43,000 after buying an additional 85 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of Chord Energy by 306.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 293 shares of the company’s stock worth $49,000 after acquiring an additional 221 shares during the period. Lindbrook Capital LLC grew its holdings in shares of Chord Energy by 67.6% during the 4th quarter. Lindbrook Capital LLC now owns 305 shares of the company’s stock worth $51,000 after purchasing an additional 123 shares in the last quarter. Viking Fund Management LLC increased its position in shares of Chord Energy by 40.0% during the fourth quarter. Viking Fund Management LLC now owns 350 shares of the company’s stock valued at $58,000 after purchasing an additional 100 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Chord Energy by 15.4% in the third quarter. Fifth Third Bancorp now owns 526 shares of the company’s stock valued at $85,000 after purchasing an additional 70 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

Chord Energy Price Performance

Shares of NASDAQ CHRD traded up $0.69 during mid-day trading on Friday, hitting $175.98. 669,241 shares of the stock were exchanged, compared to its average volume of 607,636. The stock’s fifty day simple moving average is $174.36 and its two-hundred day simple moving average is $165.84. Chord Energy Co. has a twelve month low of $133.61 and a twelve month high of $190.23. The company has a market cap of $7.31 billion, a P/E ratio of 7.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.16 and a current ratio of 1.22.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Wednesday, February 21st. The company reported $5.25 EPS for the quarter, topping the consensus estimate of $5.04 by $0.21. Chord Energy had a return on equity of 16.35% and a net margin of 26.27%. The company had revenue of $964.69 million for the quarter, compared to analysts’ expectations of $891.67 million. As a group, analysts forecast that Chord Energy Co. will post 22.03 EPS for the current fiscal year.

Chord Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were paid a $3.25 dividend. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. This represents a $13.00 dividend on an annualized basis and a dividend yield of 7.39%. Chord Energy’s payout ratio is currently 21.25%.

Insider Transactions at Chord Energy

In other Chord Energy news, CFO Michael H. Lou sold 3,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $165.00, for a total value of $495,000.00. Following the transaction, the chief financial officer now directly owns 128,209 shares in the company, valued at approximately $21,154,485. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CHRD. Mizuho lifted their price target on shares of Chord Energy from $189.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Truist Financial lowered their target price on shares of Chord Energy from $229.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Piper Sandler increased their price target on shares of Chord Energy from $219.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada lifted their price objective on Chord Energy from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, Stifel Nicolaus increased their target price on Chord Energy from $178.00 to $211.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chord Energy presently has an average rating of “Moderate Buy” and a consensus price target of $193.50.

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.