Marshall Wace LLP boosted its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 164.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 334,641 shares of the company's stock after acquiring an additional 208,170 shares during the period. Marshall Wace LLP owned 0.55% of Chord Energy worth $39,126,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRD. Ceredex Value Advisors LLC boosted its stake in shares of Chord Energy by 22.8% in the 4th quarter. Ceredex Value Advisors LLC now owns 105,000 shares of the company's stock valued at $12,277,000 after purchasing an additional 19,526 shares during the last quarter. Regal Investment Advisors LLC acquired a new position in Chord Energy in the fourth quarter valued at approximately $258,000. Gamco Investors INC. ET AL boosted its stake in Chord Energy by 44.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 4,703 shares of the company's stock valued at $550,000 after acquiring an additional 1,456 shares during the last quarter. Keeley Teton Advisors LLC grew its holdings in Chord Energy by 0.7% during the 4th quarter. Keeley Teton Advisors LLC now owns 30,308 shares of the company's stock worth $3,544,000 after acquiring an additional 201 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its position in shares of Chord Energy by 33.8% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 9,038 shares of the company's stock valued at $1,057,000 after acquiring an additional 2,285 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CHRD. Royal Bank of Canada reduced their price target on Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company decreased their target price on Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a research report on Tuesday. Citigroup cut their price target on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Truist Financial boosted 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. Finally, Williams Trading set a $155.00 target price on shares of Chord Energy in a report on Wednesday, March 5th. One research 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $157.00.
View Our Latest Stock Report on Chord Energy
Chord Energy Price Performance
Shares of NASDAQ CHRD opened at $94.43 on Friday. The company has a fifty day moving average price of $104.89 and a 200 day moving average price of $117.26. The firm 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 current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 1-year low of $79.83 and a 1-year high of $188.02.
Chord Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $1.30 per share. 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 5.51%. The ex-dividend date was Tuesday, March 11th. Chord Energy's dividend payout ratio is currently 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.
Further Reading
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