Universal Beteiligungs und Servicegesellschaft mbH Acquires 18,439 Shares of Chord Energy Corporation $CHRD

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Chord Energy Corporation (NASDAQ:CHRD) by 408.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,957 shares of the company’s stock after buying an additional 18,439 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Chord Energy were worth $2,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bayforest Capital Ltd purchased a new stake in Chord Energy during the second quarter valued at approximately $28,000. WealthCollab LLC raised its stake in shares of Chord Energy by 90.6% during the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after acquiring an additional 145 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Chord Energy in the third quarter valued at approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Chord Energy by 91.2% in the second 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. Finally, Allworth Financial LP grew its stake in Chord Energy by 160.5% in the second quarter. Allworth Financial LP now owns 659 shares of the company’s stock worth $64,000 after purchasing an additional 406 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

Insiders Place Their Bets

In other Chord Energy news, Director Samantha Holroyd bought 1,250 shares of Chord Energy stock in a transaction that occurred on Friday, November 7th. The shares were bought 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 of the company’s stock, valued at approximately $1,513,863. This represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research lowered Chord Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Citigroup downgraded Chord Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $97.00 in a report on Wednesday, January 14th. Roth Mkm initiated coverage on shares of Chord Energy in a research report on Monday, October 13th. They set a “buy” rating and a $130.00 target price on the stock. UBS Group reduced their price target on shares of Chord Energy from $123.00 to $119.00 and set a “buy” rating for the company in a report on Friday, January 9th. Finally, Jefferies Financial Group set a $99.00 price objective on shares of Chord Energy in a research note on Saturday, January 17th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $124.67.

Chord Energy Stock Up 1.1%

NASDAQ:CHRD opened at $99.22 on Friday. The company’s 50-day simple moving average is $93.68 and its 200-day simple moving average is $97.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.35. Chord Energy Corporation has a fifty-two week low of $79.83 and a fifty-two week high of $117.79. The stock has a market capitalization of $5.64 billion, a P/E ratio of 38.16 and a beta of 0.92.

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

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.2%. Chord Energy’s dividend payout ratio (DPR) is presently 200.00%.

Chord Energy Profile

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.