Sei Investments Co. Sells 9,032 Shares of Chord Energy Co. (NASDAQ:CHRD)

Sei Investments Co. lessened its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,050 shares of the company's stock after selling 9,032 shares during the period. Sei Investments Co. owned about 0.37% of Chord Energy worth $26,430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHRD. Delta Capital Management LLC increased its stake in shares of Chord Energy by 4.3% during the fourth 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 boosted its holdings in Chord Energy by 4.3% in the third quarter. Commerce Bank now owns 2,361 shares of the company's stock valued at $307,000 after acquiring an additional 98 shares in the last quarter. Gables Capital Management Inc. increased its position in Chord Energy by 6.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,550 shares of the company's stock valued at $181,000 after purchasing an additional 100 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Chord Energy by 2.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company's stock worth $434,000 after purchasing an additional 106 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position 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 worth $718,000 after purchasing an additional 110 shares during the period. Institutional investors own 97.76% of the company's stock.

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Chord Energy Stock Down 0.4 %

Shares of NASDAQ:CHRD traded down $0.41 during trading on Friday, reaching $111.73. 511,727 shares of the stock traded hands, compared to its average volume of 943,021. The stock has a market cap of $6.65 billion, a P/E ratio of 5.75, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a 50-day moving average of $111.53 and a two-hundred day moving average of $121.24. Chord Energy Co. has a 52-week low of $99.40 and a 52-week high of $190.23.

Chord Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Chord Energy's previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 4.65%. Chord Energy's dividend payout ratio (DPR) is 32.62%.

Wall Street Analysts Forecast Growth

CHRD has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on shares of Chord Energy from $175.00 to $166.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Citigroup cut Chord Energy to a "reduce" rating in a research note on Wednesday, March 5th. Williams Trading set a $155.00 price objective on Chord Energy in a report on Wednesday, March 5th. Mizuho dropped their target price on shares of Chord Energy from $192.00 to $178.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Finally, Bank of America reiterated a "neutral" rating and issued a $138.00 price target (down from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.46.

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.