Charles Schwab Investment Management Inc. Boosts Holdings in Chord Energy Co. (NASDAQ:CHRD)

Charles Schwab Investment Management Inc. increased its holdings in Chord Energy Co. (NASDAQ:CHRDFree Report) by 4.8% during the third quarter, HoldingsChannel.com reports. The fund owned 482,472 shares of the company’s stock after buying an additional 22,141 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Chord Energy were worth $78,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its position in Chord Energy by 87.5% in the 2nd quarter. Signaturefd LLC now owns 180 shares of the company’s stock valued at $28,000 after buying an additional 84 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Chord Energy during the 4th quarter worth $28,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Chord Energy during the 4th quarter worth $48,000. PNC Financial Services Group Inc. purchased a new stake in shares of Chord Energy during the 4th quarter worth $68,000. Finally, Fifth Third Bancorp boosted its position in shares of Chord Energy by 34.9% during the 2nd quarter. Fifth Third Bancorp now owns 456 shares of the company’s stock worth $70,000 after purchasing an additional 118 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHRD has been the topic of several recent research reports. Mizuho decreased their price objective on shares of Chord Energy from $197.00 to $188.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Piper Sandler boosted their price objective on shares of Chord Energy from $206.00 to $209.00 and gave the stock an “overweight” rating in a research report on Thursday, November 16th. Wells Fargo & Company initiated coverage on shares of Chord Energy in a research report on Wednesday, November 15th. They issued an “overweight” rating and a $189.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 price objective on shares of Chord Energy in a research report on Tuesday, November 21st. Finally, Stifel Nicolaus cut their target price on shares of Chord Energy from $183.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $185.10.

Get Our Latest Report on CHRD

Insider Activity

In related news, Director Paul Korus sold 1,250 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $163.75, for a total transaction of $204,687.50. Following the completion of the sale, the director now owns 11,573 shares of the company’s stock, valued at approximately $1,895,078.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Michael H. Lou sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $154.15, for a total transaction of $462,450.00. Following the completion of the sale, the chief financial officer now owns 131,209 shares of the company’s stock, valued at approximately $20,225,867.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Korus sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $163.75, for a total value of $204,687.50. Following the completion of the transaction, the director now owns 11,573 shares of the company’s stock, valued at approximately $1,895,078.75. The disclosure for this sale can be found here. Insiders sold a total of 11,750 shares of company stock valued at $1,931,128 in the last 90 days. 0.52% of the stock is currently owned by insiders.

Chord Energy Trading Up 1.9 %

NASDAQ CHRD opened at $159.03 on Tuesday. Chord Energy Co. has a 12 month low of $117.05 and a 12 month high of $175.20. The company has a 50-day moving average of $159.17 and a 200-day moving average of $160.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.02 and a quick ratio of 0.97. The company has a market cap of $6.56 billion, a P/E ratio of 6.30 and a beta of 1.07.

Chord Energy Company Profile

(Free Report)

Chord Energy Corporation operates as an independent exploration and production company. It acquires, exploits, develops, and explores for crude oil, natural gas, and natural gas liquids in the Williston Basin. Chord Energy Corporation was founded in 2007 and is headquartered in Houston, Texas.

Further Reading

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Institutional Ownership by Quarter for Chord Energy (NASDAQ:CHRD)

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