Fuller & Thaler Asset Management Inc. Trims Stake in Chord Energy Co. (NASDAQ:CHRD)

Fuller & Thaler Asset Management Inc. lessened its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 45.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 566,363 shares of the company's stock after selling 468,884 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.93% of Chord Energy worth $66,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Chord Energy by 3.7% during the 3rd quarter. Barclays PLC now owns 64,711 shares of the company's stock valued at $8,427,000 after acquiring an additional 2,318 shares during the period. Sanctuary Advisors LLC boosted its position in Chord Energy by 21.0% during the third quarter. Sanctuary Advisors LLC now owns 5,141 shares of the company's stock worth $691,000 after purchasing an additional 892 shares in the last quarter. Synovus Financial Corp grew its holdings in Chord Energy by 14.9% in the third quarter. Synovus Financial Corp now owns 5,869 shares of the company's stock valued at $764,000 after purchasing an additional 761 shares during the period. Franklin Resources Inc. increased its position in shares of Chord Energy by 72.5% in the third quarter. Franklin Resources Inc. now owns 27,434 shares of the company's stock valued at $3,631,000 after buying an additional 11,527 shares in the last quarter. Finally, Kings Path Partners LLC acquired a new position in shares of Chord Energy during the 4th quarter worth approximately $117,000. Hedge funds and other institutional investors own 97.76% of the company's stock.

Chord Energy Trading Down 0.1 %

NASDAQ:CHRD traded down $0.13 during trading hours on Friday, hitting $94.62. The company had a trading volume of 410,855 shares, compared to its average volume of 976,378. Chord Energy Co. has a 1 year low of $79.83 and a 1 year high of $188.02. The company has a market cap of $5.63 billion, a P/E ratio of 4.87, a P/E/G ratio of 5.83 and a beta of 0.96. The company has a 50-day moving average of $102.43 and a 200 day moving average of $115.24. 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 disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.50%. 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 Analyst Weigh In

Several equities research analysts recently commented on CHRD shares. 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 report on Monday, January 13th. Wells Fargo & Company cut their target price on shares of Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Piper Sandler decreased their price target on shares of Chord Energy from $184.00 to $183.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Wolfe Research upgraded Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price objective on the stock in a report on Friday, January 3rd. Finally, Citigroup reduced their target price on Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine 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 an average price target of $156.92.

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.