Chord Energy Co. (NASDAQ:CHRD) Shares Purchased by Factorial Partners LLC

Factorial Partners LLC grew its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 85.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,000 shares of the company's stock after purchasing an additional 23,500 shares during the quarter. Chord Energy comprises about 3.4% of Factorial Partners LLC's portfolio, making the stock its 5th biggest holding. Factorial Partners LLC owned about 0.08% of Chord Energy worth $5,963,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in Chord Energy by 330.0% during the third quarter. Private Advisor Group LLC now owns 5,512 shares of the company's stock worth $718,000 after purchasing an additional 4,230 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Chord Energy by 10.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,181 shares of the company's stock valued at $284,000 after buying an additional 207 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Chord Energy by 2.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,243 shares of the company's stock worth $2,505,000 after acquiring an additional 485 shares during the period. Nisa Investment Advisors LLC raised its stake in Chord Energy by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,705 shares of the company's stock valued at $483,000 after acquiring an additional 680 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in Chord Energy by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 27,274 shares of the company's stock valued at $3,552,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 97.76% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on CHRD shares. Truist Financial upped their price objective on shares of Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a report on Monday, January 13th. Bank of America reissued a "neutral" rating and issued a $138.00 price target (down from $208.00) on shares of Chord Energy in a report on Monday, January 13th. Wells Fargo & Company reduced their price objective on Chord Energy from $176.00 to $175.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Mizuho lowered their target price on Chord Energy from $192.00 to $178.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, Morgan Stanley initiated coverage on Chord Energy in a research note on Friday, January 10th. They issued an "equal weight" rating and a $158.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chord Energy has an average rating of "Moderate Buy" and a consensus target price of $166.17.

Chord Energy Price Performance

Shares of NASDAQ CHRD traded down $2.79 during mid-day trading on Wednesday, reaching $101.34. The company had a trading volume of 1,864,413 shares, compared to its average volume of 849,499. Chord Energy Co. has a one year low of $99.40 and a one year high of $190.23. The business's 50-day simple moving average is $116.14 and its 200 day simple moving average is $125.74. 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 $6.19 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 5.83 and a beta of 0.98.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a $1.30 dividend. The ex-dividend date is 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 5.13%. Chord Energy's payout ratio is presently 32.62%.

Insider Transactions at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the transaction, the chief accounting officer now owns 19,488 shares of the company's stock, valued at approximately $2,267,428.80. The trade was a 4.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

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.