Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Amundi

Amundi lessened its holdings in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 55.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,152 shares of the company's stock after selling 196,445 shares during the period. Amundi owned approximately 0.25% of Chord Energy worth $19,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRD. Larson Financial Group LLC boosted its stake in shares of Chord Energy by 238.3% in the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company's stock valued at $37,000 after buying an additional 224 shares during the period. AMF Tjanstepension AB purchased a new position in Chord Energy in the fourth quarter worth approximately $2,966,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Chord Energy in the 4th quarter valued at approximately $668,000. Raymond James Financial Inc. acquired a new stake in shares of Chord Energy in the 4th quarter valued at $29,984,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Chord Energy during the 4th quarter worth $3,540,000. Hedge funds and other institutional investors own 97.76% of the company's stock.

Analysts Set New Price Targets

CHRD has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Chord Energy in a report on Friday, January 10th. They issued an "equal weight" rating and a $158.00 target price on the stock. Wolfe Research raised Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 target price on the stock in a research report on Friday, January 3rd. Bank of America restated a "neutral" rating and set a $138.00 target price (down previously from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. Citigroup lowered shares of Chord Energy to a "reduce" rating in a research note on Wednesday, March 5th. Finally, Truist Financial boosted their price objective on shares of Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.62.

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Chord Energy Stock Performance

CHRD stock traded up $1.42 on Monday, hitting $107.63. The company's stock had a trading volume of 901,216 shares, compared to its average volume of 909,054. Chord Energy Co. has a 1 year low of $99.40 and a 1 year high of $190.23. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The firm has a 50 day moving average of $114.24 and a two-hundred day moving average of $123.16.

Chord Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $1.30 per share. This is an increase from Chord Energy's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $5.20 annualized dividend and a dividend yield of 4.83%. Chord Energy's dividend payout ratio is 32.62%.

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.