Huber Capital Management LLC Sells 3,871 Shares of Chord Energy Co. (NASDAQ:CHRD)

Huber Capital Management LLC cut its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 32.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,971 shares of the company's stock after selling 3,871 shares during the period. Huber Capital Management LLC's holdings in Chord Energy were worth $932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHRD. Natixis Advisors LLC acquired a new stake in Chord Energy during the 4th quarter worth $1,191,000. Merit Financial Group LLC acquired a new position in shares of Chord Energy during the 4th quarter worth approximately $553,000. Geode Capital Management LLC increased its holdings in shares of Chord Energy by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company's stock valued at $151,077,000 after purchasing an additional 34,156 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Chord Energy by 55.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company's stock worth $2,542,000 after buying an additional 7,743 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. grew its holdings in Chord Energy by 3.5% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 92,211 shares of the company's stock valued at $11,596,000 after buying an additional 3,151 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Stock Down 3.3 %

CHRD stock traded down $2.85 during midday trading on Tuesday, hitting $83.17. The company's stock had a trading volume of 485,679 shares, compared to its average volume of 952,080. The firm has a 50-day simple moving average of $109.21 and a 200-day simple moving average of $119.76. The firm has a market capitalization of $4.95 billion, a P/E ratio of 4.28, a PEG ratio of 5.83 and a beta of 0.96. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 52-week low of $82.03 and a 52-week high of $190.23.

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Chord Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 6.25%. This is a boost 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

Several equities research analysts recently issued reports on CHRD shares. Wells Fargo & Company cut their price objective on shares of Chord Energy from $175.00 to $166.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Truist Financial lifted their price target on shares of Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Piper Sandler lowered their price objective on Chord Energy from $193.00 to $184.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Bank of America decreased their price target on Chord Energy from $138.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Finally, Mizuho cut their price objective on Chord Energy from $192.00 to $178.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chord Energy currently has a consensus rating of "Moderate Buy" and an average price target of $160.31.

About Chord Energy

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.