Aster Capital Management DIFC Ltd Purchases 7,156 Shares of Chord Energy Co. (NASDAQ:CHRD)

Aster Capital Management DIFC Ltd boosted its stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 1,280.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,715 shares of the company's stock after buying an additional 7,156 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Chord Energy were worth $902,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CHRD. Aviva PLC acquired a new stake in shares of Chord Energy in the 4th quarter valued at $574,000. Dynamic Technology Lab Private Ltd bought a new position in Chord Energy during the 4th quarter valued at about $308,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Chord Energy in the fourth quarter valued at about $80,000. Resona Asset Management Co. Ltd. bought a new stake in Chord Energy during the fourth quarter worth about $1,096,000. Finally, World Investment Advisors bought a new stake in Chord Energy during the fourth quarter worth about $226,000. 97.76% of the stock is currently owned by institutional investors.

Chord Energy Trading Up 2.0 %

CHRD stock traded up $1.72 during midday trading on Friday, reaching $87.61. The company's stock had a trading volume of 489,939 shares, compared to its average volume of 965,093. The business's 50-day simple moving average is $106.56 and its 200-day simple moving average is $118.31. The stock has a market cap of $5.21 billion, a PE ratio of 4.50, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a 52 week low of $79.83 and a 52 week high of $190.23. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

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Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a dividend of $1.30 per share. The ex-dividend date was Tuesday, March 11th. This is a boost from Chord Energy's previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.94%. Chord Energy's payout ratio is 32.62%.

Analysts Set New Price Targets

Several research analysts have recently commented on CHRD shares. Piper Sandler reduced their target price on Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Williams Trading set a $155.00 price objective on Chord Energy in a research note on Wednesday, March 5th. Mizuho lowered their target price on Chord Energy from $192.00 to $178.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Wolfe Research upgraded shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price target on the stock in a research report on Friday, January 3rd. Finally, Truist Financial raised their price objective on shares of Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.62.

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.