Chord Energy Co. (NASDAQ:CHRD) Position Boosted by Beddow Capital Management Inc.

Beddow Capital Management Inc. grew its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 461.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,495 shares of the company's stock after purchasing an additional 18,490 shares during the period. Chord Energy makes up about 1.1% of Beddow Capital Management Inc.'s investment portfolio, making the stock its 29th largest position. Beddow Capital Management Inc.'s holdings in Chord Energy were worth $2,630,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CHRD. Stone House Investment Management LLC purchased a new stake in Chord Energy during the 3rd quarter worth $26,000. Brooklyn Investment Group purchased a new stake in shares of Chord Energy during the fourth quarter worth about $29,000. Twin Tree Management LP acquired a new position in shares of Chord Energy in the fourth quarter worth about $33,000. Larson Financial Group LLC boosted its holdings in Chord Energy by 238.3% in the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company's stock valued at $37,000 after purchasing an additional 224 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Chord Energy during the 4th quarter valued at approximately $51,000. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Stock Performance

NASDAQ:CHRD traded down $0.18 during midday trading on Tuesday, reaching $112.60. 785,689 shares of the company traded hands, compared to its average volume of 922,842. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 5.80, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The company has a fifty day moving average price of $112.66 and a 200 day moving average price of $121.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. Chord Energy Co. has a twelve month low of $99.40 and a twelve month high of $190.23.

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Chord Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, March 11th. This represents a $5.20 annualized dividend and a dividend yield of 4.62%. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio is currently 32.62%.

Wall Street Analysts Forecast Growth

CHRD has been the topic of a number of recent analyst reports. Piper Sandler cut their target price on Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Truist Financial increased their price objective on shares of Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Wells Fargo & Company dropped their target price on shares of Chord Energy from $175.00 to $166.00 and set an "overweight" rating for the company in a research report on Monday. Mizuho reduced their price target on shares of Chord Energy from $192.00 to $178.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Finally, UBS Group lowered their price objective on Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Chord Energy currently has an average rating of "Moderate Buy" and a consensus target price of $163.92.

Chord Energy 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.