Bryce Point Capital LLC Takes $479,000 Position in Chord Energy Co. (NASDAQ:CHRD)

Bryce Point Capital LLC bought a new stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,093 shares of the company's stock, valued at approximately $479,000.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake 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 purchasing an additional 627,122 shares during the last quarter. Victory Capital Management Inc. grew its position in Chord Energy by 27.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock worth $334,912,000 after buying an additional 619,021 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Chord Energy during the 4th quarter valued at $29,984,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Chord Energy by 30.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 744,309 shares of the company's stock worth $88,459,000 after acquiring an additional 172,196 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Chord Energy by 15.0% in the 4th quarter. American Century Companies Inc. now owns 1,116,073 shares of the company's stock worth $130,491,000 after acquiring an additional 145,627 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on CHRD. Truist Financial upped their target price on Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a report on Monday, January 13th. Wolfe Research upgraded shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 target price for the company in a report on Friday, January 3rd. Bank of America cut their price target on shares of Chord Energy from $138.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, April 1st. Citigroup decreased their price objective on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Monday. Finally, Williams Trading set a $155.00 target price on shares of Chord Energy in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.31.

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Chord Energy Stock Down 9.7 %

Shares of Chord Energy stock traded down $9.20 during trading on Thursday, hitting $85.79. 719,275 shares of the stock traded hands, compared to its average volume of 961,903. The stock has a market cap of $5.10 billion, a P/E ratio of 4.40, a PEG ratio of 5.83 and a beta of 0.96. The company has a fifty day moving average price of $107.06 and a two-hundred day moving average price of $118.65. Chord Energy Co. has a twelve month low of $79.83 and a twelve month high of $190.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93.

Chord Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 6.06%. The ex-dividend date was Tuesday, March 11th. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's payout ratio is presently 32.62%.

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.