Geode Capital Management LLC reduced its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,144,080 shares of the company's stock after selling 18,362 shares during the quarter. Geode Capital Management LLC owned about 1.87% of Chord Energy worth $133,804,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC purchased a new stake in Chord Energy during the 4th quarter worth $1,191,000. Merit Financial Group LLC purchased a new stake in shares of Chord Energy in the fourth quarter worth about $553,000. Kingsview Wealth Management LLC grew its stake in shares of Chord Energy by 55.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company's stock valued at $2,542,000 after buying an additional 7,743 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Chord Energy by 3.3% during the 4th quarter. JPMorgan Chase & Co. now owns 263,288 shares of the company's stock valued at $30,784,000 after buying an additional 8,455 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. lifted its position in Chord Energy by 3.5% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 92,211 shares of the company's stock worth $11,596,000 after acquiring an additional 3,151 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.
Chord Energy Stock Performance
NASDAQ CHRD traded down $0.78 during trading hours on Monday, reaching $88.56. The company's stock had a trading volume of 88,325 shares, compared to its average volume of 964,225. 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 business has a 50-day simple moving average of $106.10 and a 200 day simple moving average of $117.95. The stock has a market cap of $5.27 billion, a PE ratio of 4.56, a PEG 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 $188.41.
Chord Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.87%. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, March 11th. Chord Energy's payout ratio is presently 32.62%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on CHRD shares. Williams Trading set a $155.00 price target on shares of Chord Energy in a report on Wednesday, March 5th. Citigroup lowered their target price on Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Piper Sandler cut their price target on Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Truist Financial raised their price objective on Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Mizuho dropped their price objective on Chord Energy from $192.00 to $178.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $157.62.
Check Out Our Latest Analysis on Chord Energy
Chord Energy Profile
(
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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