Anchor Capital Advisors LLC Grows Stake in Chord Energy Co. (NASDAQ:CHRD)

Anchor Capital Advisors LLC increased its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,936 shares of the company's stock after purchasing an additional 3,207 shares during the period. Anchor Capital Advisors LLC owned approximately 0.38% of Chord Energy worth $27,118,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CHRD. FMR LLC lifted its holdings in shares of Chord Energy by 2.2% in the 3rd quarter. FMR LLC now owns 3,420,012 shares of the company's stock valued at $445,388,000 after buying an additional 74,165 shares during the period. State Street Corp lifted its stake in shares of Chord Energy by 0.9% in the third quarter. State Street Corp now owns 2,485,777 shares of the company's stock valued at $323,723,000 after purchasing an additional 22,753 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Chord Energy by 41.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company's stock worth $292,423,000 after acquiring an additional 656,374 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Chord Energy by 50.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock worth $218,892,000 after acquiring an additional 627,122 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Chord Energy by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company's stock worth $151,077,000 after buying an additional 34,156 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a report on Monday, December 9th. Morgan Stanley began coverage on shares of Chord Energy in a research report on Friday, January 10th. They issued an "equal weight" rating and a $158.00 price target on the stock. Citigroup cut their price objective on Chord Energy from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday. Piper Sandler lowered their target price on Chord Energy from $194.00 to $193.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price target on Chord Energy from $176.00 to $175.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chord Energy currently has a consensus rating of "Moderate Buy" and an average price target of $166.17.

Chord Energy Trading Down 1.7 %

Shares of CHRD traded down $1.82 during mid-day trading on Tuesday, hitting $104.22. The company had a trading volume of 1,102,505 shares, compared to its average volume of 814,262. Chord Energy Co. has a 1-year low of $100.58 and a 1-year high of $190.23. The business's 50-day simple moving average is $116.32 and its 200-day simple moving average is $126.09. The stock has a market cap of $6.37 billion, a PE ratio of 5.37, a P/E/G ratio of 5.83 and a beta of 0.98. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

Chord Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Tuesday, March 11th. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio (DPR) is 32.62%.

Insider Activity

In other news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $116.35, for a total value of $116,350.00. Following the transaction, the chief accounting officer now directly owns 19,488 shares of the company's stock, valued at $2,267,428.80. The trade was a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.70% of the company's stock.

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.