Fox Run Management L.L.C. Lowers Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Fox Run Management L.L.C. trimmed its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,001 shares of the company's stock after selling 4,298 shares during the quarter. Fox Run Management L.L.C.'s holdings in Chord Energy were worth $585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Delta Capital Management LLC raised its position in shares of Chord Energy by 4.3% in the 4th quarter. Delta Capital Management LLC now owns 2,200 shares of the company's stock worth $257,000 after acquiring an additional 90 shares in the last quarter. Commerce Bank grew its holdings in Chord Energy by 4.3% in the third quarter. Commerce Bank now owns 2,361 shares of the company's stock worth $307,000 after purchasing an additional 98 shares during the period. Gables Capital Management Inc. increased its stake in Chord Energy by 6.9% in the fourth 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 in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Chord Energy by 2.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company's stock valued at $434,000 after purchasing an additional 106 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Chord Energy by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company's stock valued at $718,000 after buying an additional 110 shares in the last quarter. Institutional investors own 97.76% of the company's stock.

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Chord Energy Price Performance

Shares of CHRD traded down $0.42 during midday trading on Thursday, hitting $113.26. 115,604 shares of the company traded hands, compared to its average volume of 887,740. The stock has a 50-day moving average of $112.38 and a 200-day moving average of $121.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market cap of $6.74 billion, a P/E ratio of 5.83, a PEG ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a one year low of $99.40 and a one year high of $190.23.

Chord Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $5.20 annualized dividend and a dividend yield of 4.59%. This is a boost from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio is presently 32.62%.

Analyst Ratings Changes

CHRD has been the topic of a number of recent research reports. Morgan Stanley set a $139.00 target price on Chord Energy and gave the stock a "cautious" rating in a report on Wednesday. Bank of America restated a "neutral" rating and issued a $138.00 target price (down previously from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. Williams Trading set a $155.00 price target on shares of Chord Energy in a research report on Wednesday, March 5th. Piper Sandler lowered their price target on shares of Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Finally, UBS Group dropped their price target on Chord Energy from $168.00 to $161.00 and set a "buy" rating on the stock in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.