Boston Partners Purchases 115,215 Shares of Chord Energy Co. (NASDAQ:CHRD)

Boston Partners lifted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,186,483 shares of the company's stock after purchasing an additional 115,215 shares during the period. Boston Partners owned 3.58% of Chord Energy worth $255,684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Merit Financial Group LLC bought a new stake in Chord Energy during the 4th quarter worth about $553,000. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 34,156 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Chord Energy by 55.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company's stock worth $2,542,000 after buying an additional 7,743 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. raised its stake in shares of Chord Energy by 3.5% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 92,211 shares of the company's stock worth $11,596,000 after buying an additional 3,151 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in shares of Chord Energy by 22.7% during the third quarter. Foundry Partners LLC now owns 52,009 shares of the company's stock worth $6,773,000 after buying an additional 9,613 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

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Chord Energy Stock Performance

Shares of NASDAQ:CHRD traded down $1.08 during trading on Friday, reaching $109.71. 3,167,903 shares of the stock were exchanged, compared to its average volume of 922,413. Chord Energy Co. has a 12 month low of $99.40 and a 12 month high of $190.23. The firm has a market cap of $6.54 billion, a PE ratio of 5.65, a PEG ratio of 5.83 and a beta of 0.98. The stock has a 50-day moving average price of $112.92 and a 200-day moving average price of $122.03. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

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 given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Tuesday, March 11th. This is a boost from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's payout ratio is presently 32.62%.

Analyst Ratings Changes

CHRD has been the subject of several recent research reports. Morgan Stanley began coverage on shares of Chord Energy in a research report on Friday, January 10th. They set an "equal weight" rating and a $158.00 target price for the company. Wolfe Research upgraded Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price objective for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their price target on Chord Energy from $176.00 to $175.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Citigroup cut Chord Energy to a "reduce" rating in a research note on Wednesday, March 5th. Finally, Bank of America reissued a "neutral" rating and set a $138.00 price objective (down previously from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $164.62.

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.