Xponance Inc. decreased its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,979 shares of the company's stock after selling 2,666 shares during the quarter. Xponance Inc.'s holdings in Chord Energy were worth $816,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of Chord Energy by 50.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock valued at $218,892,000 after purchasing an additional 627,122 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Chord Energy by 27.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock worth $334,912,000 after acquiring an additional 619,021 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Chord Energy by 143.8% in the third quarter. Point72 Asset Management L.P. now owns 880,787 shares of the company's stock valued at $114,705,000 after acquiring an additional 519,547 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Chord Energy during the fourth quarter valued at approximately $29,984,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Chord Energy by 30.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 744,309 shares of the company's stock worth $88,459,000 after purchasing an additional 172,196 shares in the last quarter. Institutional investors own 97.76% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on CHRD. Piper Sandler cut their price target on shares of Chord Energy from $193.00 to $184.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. Truist Financial raised their price objective on Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Citigroup downgraded shares of Chord Energy to a "reduce" rating in a research note on Wednesday, March 5th. Morgan Stanley set a $139.00 target price on shares of Chord Energy and gave the company a "cautious" rating in a research note on Wednesday. Finally, Williams Trading set a $155.00 price objective on shares of Chord Energy in a report on Wednesday, March 5th. Two 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. According to data from MarketBeat, Chord Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.46.
Check Out Our Latest Stock Report on CHRD
Chord Energy Stock Performance
Shares of Chord Energy stock traded down $0.41 during trading on Friday, reaching $111.73. The company's stock had a trading volume of 511,727 shares, compared to its average volume of 943,194. Chord Energy Co. has a one year low of $99.40 and a one year high of $190.23. 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 firm has a market cap of $6.65 billion, a price-to-earnings ratio of 5.75, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The business's fifty day moving average price is $111.53 and its 200-day moving average price is $121.31.
Chord Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were issued a dividend of $1.30 per share. 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. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.65%. Chord Energy's payout ratio is 32.62%.
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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