Ceredex Value Advisors LLC Buys 19,526 Shares of Chord Energy Co. (NASDAQ:CHRD)

Ceredex Value Advisors LLC boosted its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,000 shares of the company's stock after buying an additional 19,526 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.17% of Chord Energy worth $12,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CHRD. FMR LLC grew its holdings in shares of Chord Energy by 11.5% during the 4th quarter. FMR LLC now owns 3,814,384 shares of the company's stock valued at $445,978,000 after purchasing an additional 394,372 shares during the last quarter. Victory Capital Management Inc. boosted its position in Chord Energy by 27.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock valued at $334,912,000 after buying an additional 619,021 shares during the period. Boston Partners grew its stake in shares of Chord Energy by 5.6% during the fourth quarter. Boston Partners now owns 2,186,483 shares of the company's stock valued at $255,684,000 after buying an additional 115,215 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Chord Energy by 50.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock worth $218,892,000 after buying an additional 627,122 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Chord Energy by 15.0% in the fourth quarter. American Century Companies Inc. now owns 1,116,073 shares of the company's stock worth $130,491,000 after buying an additional 145,627 shares during the period. 97.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America cut their target price 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. Piper Sandler lowered their target price on Chord Energy from $193.00 to $184.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Citigroup cut their price objective on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Williams Trading set a $155.00 price target on Chord Energy in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reduced their price objective on Chord Energy from $165.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chord Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

Chord Energy Stock Performance

CHRD traded up $3.59 during midday trading on Friday, hitting $94.43. 767,619 shares of the company traded hands, compared to its average volume of 972,099. The company's 50-day moving average is $104.12 and its 200 day moving average is $116.67. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $5.62 billion, a PE ratio of 4.86, 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 $188.02.

Chord Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date was Tuesday, March 11th. This is an increase from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's payout ratio is 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.