Aviva PLC Makes New Investment in Chord Energy Co. (NASDAQ:CHRD)

Aviva PLC acquired a new stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,912 shares of the company's stock, valued at approximately $574,000.

Other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Chord Energy in the 4th quarter worth $29,000. Twin Tree Management LP bought a new stake in Chord Energy in the fourth quarter worth about $33,000. Larson Financial Group LLC lifted its holdings in 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 acquiring an additional 224 shares during the last quarter. R Squared Ltd bought a new position in shares of Chord Energy during the 4th quarter valued at about $51,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Chord Energy by 1,751.9% in the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company's stock worth $58,000 after purchasing an additional 473 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Wall Street Analysts Forecast Growth

CHRD has been the subject of several recent research reports. Williams Trading set a $155.00 target price on shares of Chord Energy in a research note on Wednesday, March 5th. Morgan Stanley set a $139.00 price objective on Chord Energy and gave the stock a "cautious" rating in a research note on Wednesday, March 26th. Citigroup cut their target price on Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Bank of America decreased their price target on Chord Energy from $138.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, April 1st. Finally, Wolfe Research upgraded Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price objective on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $157.00.

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Chord Energy Stock Up 0.7 %

Shares of NASDAQ CHRD traded up $0.64 during mid-day trading on Tuesday, reaching $89.16. The company had a trading volume of 323,015 shares, compared to its average volume of 965,342. The stock has a market capitalization of $5.30 billion, a PE ratio of 4.59, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a twelve month low of $79.83 and a twelve month high of $188.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The stock's 50 day moving average is $105.66 and its 200-day moving average is $117.65.

Chord Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders 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 an increase 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 5.83%. Chord Energy's dividend payout ratio (DPR) 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.