Chord Energy Co. (NASDAQ:CHRD) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 57.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,358 shares of the company's stock after selling 62,072 shares during the period. LSV Asset Management owned about 0.08% of Chord Energy worth $5,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHRD. Pacer Advisors Inc. lifted its stake in Chord Energy by 50.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock worth $218,892,000 after purchasing an additional 627,122 shares during the last quarter. Victory Capital Management Inc. increased its stake in Chord Energy by 27.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock valued at $334,912,000 after purchasing an additional 619,021 shares during the last quarter. FMR LLC raised its holdings in Chord Energy by 11.5% during the fourth quarter. FMR LLC now owns 3,814,384 shares of the company's stock worth $445,978,000 after purchasing an additional 394,372 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Chord Energy during the 4th quarter worth approximately $29,984,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Chord Energy by 30.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 744,309 shares of the company's stock valued at $88,459,000 after buying an additional 172,196 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Chord Energy Trading Up 4.0 %

CHRD traded up $3.59 during trading on Friday, hitting $94.43. The company's stock had a trading volume of 767,619 shares, compared to its average volume of 970,162. The firm's 50 day moving average price is $104.52 and its 200-day moving average price is $117.02. Chord Energy Co. has a twelve month low of $79.83 and a twelve month high of $188.02. The stock has a market cap of $5.62 billion, a PE ratio of 4.86, a PEG ratio of 5.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a dividend of $1.30 per share. The ex-dividend date was Tuesday, March 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.51%. This is an increase from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio is currently 32.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley set a $139.00 price target on shares of Chord Energy and gave the company a "cautious" rating in a research report on Wednesday, March 26th. Wells Fargo & Company reduced their target price on Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a report on Tuesday. Citigroup dropped their price target on Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Williams Trading set a $155.00 price objective on Chord Energy in a research note on Wednesday, March 5th. Finally, Piper Sandler lowered their target price on shares of Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.

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.