BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 97.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 576 shares of the company's stock after selling 21,764 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Chord Energy were worth $67,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Delta Capital Management LLC grew its stake 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 worth $257,000 after purchasing an additional 90 shares during the last quarter. Gables Capital Management Inc. increased its holdings in shares of Chord Energy by 6.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,550 shares of the company's stock valued at $181,000 after buying an additional 100 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Chord Energy by 2.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company's stock valued at $434,000 after buying an additional 106 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Chord Energy by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company's stock valued at $718,000 after acquiring an additional 110 shares during the last quarter. Finally, Blue Trust Inc. boosted its position 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 purchasing an additional 128 shares during the period. Institutional investors own 97.76% of the company's stock.
Chord Energy Trading Up 0.3 %
Shares of CHRD traded up $0.29 during trading hours on Monday, hitting $94.91. 608,482 shares of the stock traded hands, compared to its average volume of 974,906. The business has a fifty day moving average of $102.04 and a 200-day moving average of $114.83. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $5.65 billion, a PE ratio of 4.89, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a 1-year low of $79.83 and a 1-year high of $188.02.
Chord Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio (DPR) is 32.62%.
Analysts Set New Price Targets
Several research analysts have weighed in on CHRD shares. Citigroup dropped their price objective on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Morgan Stanley set a $139.00 target price on Chord Energy and gave the company a "cautious" rating in a research note on Wednesday, March 26th. Bank of America decreased their target price on Chord Energy from $138.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 1st. Williams Trading set a $155.00 price target on shares of Chord Energy in a research report on Wednesday, March 5th. Finally, Truist Financial raised their target price on Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $156.92.
Check Out Our Latest Analysis on CHRD
About Chord Energy
(
Free Report)
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.
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