Charles Schwab Investment Management Inc. Acquires 39,401 Shares of Chord Energy Co. (NASDAQ:CHRD)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 497,073 shares of the company's stock after acquiring an additional 39,401 shares during the period. Charles Schwab Investment Management Inc. owned 0.81% of Chord Energy worth $58,118,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Delta Capital Management LLC grew its holdings in shares of Chord Energy by 4.3% in the 4th quarter. Delta Capital Management LLC now owns 2,200 shares of the company's stock valued at $257,000 after buying an additional 90 shares during the period. Commerce Bank grew its holdings in shares of Chord Energy by 4.3% in the 3rd quarter. Commerce Bank now owns 2,361 shares of the company's stock valued at $307,000 after buying an additional 98 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Chord Energy by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company's stock valued at $718,000 after buying an additional 110 shares during the period. Lindenwold Advisors INC grew its holdings in shares of Chord Energy by 5.0% in the 3rd quarter. Lindenwold Advisors INC now owns 2,523 shares of the company's stock valued at $329,000 after buying an additional 119 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Chord Energy by 4.0% in the 4th quarter. Blue Trust Inc. now owns 3,334 shares of the company's stock valued at $390,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 97.76% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Chord Energy from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Wednesday, November 20th. Piper Sandler cut their price objective on shares of Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Morgan Stanley started coverage on shares of Chord Energy in a research report on Friday, January 10th. They issued an "equal weight" rating and a $158.00 price objective on the stock. Truist Financial boosted their price target on shares of Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, Mizuho cut 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. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $164.62.

Chord Energy Stock Performance

Shares of NASDAQ:CHRD traded up $2.89 on Friday, reaching $106.21. 940,573 shares of the company's stock were exchanged, compared to its average volume of 874,276. The company has a fifty day moving average of $114.24 and a 200-day moving average of $123.33. Chord Energy Co. has a twelve month low of $99.40 and a twelve month high of $190.23. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 5.83 and a beta of 0.98. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Tuesday, March 11th. This is an increase from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio is 32.62%.

Insider Transactions at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $116.35, for a total value of $116,350.00. Following the completion of the transaction, the chief accounting officer now owns 19,488 shares of the company's stock, valued at $2,267,428.80. This represents a 4.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by insiders.

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.