Miller Howard Investments Inc. NY Sells 5,025 Shares of Chord Energy Co. (NASDAQ:CHRD)

Miller Howard Investments Inc. NY reduced its stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,506 shares of the company's stock after selling 5,025 shares during the period. Miller Howard Investments Inc. NY's holdings in Chord Energy were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Entropy Technologies LP acquired a new position in shares of Chord Energy in the 4th quarter worth approximately $208,000. Kingsview Wealth Management LLC grew its position in Chord Energy by 55.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company's stock worth $2,542,000 after buying an additional 7,743 shares during the last quarter. Tectonic Advisors LLC increased its holdings in shares of Chord Energy by 2.1% in the fourth quarter. Tectonic Advisors LLC now owns 8,443 shares of the company's stock valued at $987,000 after buying an additional 176 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of Chord Energy during the 4th quarter valued at $118,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Chord Energy in the fourth quarter worth approximately $255,000. 97.76% of the stock is currently owned by institutional investors.

Chord Energy Stock Down 4.1 %

Chord Energy stock traded down $4.74 during mid-day trading on Wednesday, hitting $109.67. 601,422 shares of the company's stock were exchanged, compared to its average volume of 736,040. Chord Energy Co. has a 1-year low of $107.24 and a 1-year high of $190.23. The stock has a 50 day moving average of $117.47 and a two-hundred day moving average of $130.46. The stock has a market cap of $6.70 billion, a P/E ratio of 5.65, a P/E/G ratio of 5.46 and a beta of 0.98. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Wednesday, November 27th. Chord Energy's payout ratio is 25.75%.

Wall Street Analysts Forecast Growth

CHRD has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Chord Energy from $176.00 to $175.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Morgan Stanley assumed coverage on Chord Energy in a research report on Friday, January 10th. They set an "equal weight" rating and a $158.00 price target on the stock. Siebert Williams Shank raised Chord Energy to a "strong-buy" rating in a research note on Tuesday, October 15th. UBS Group reduced their price target on shares of Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a research report on Monday, December 9th. Finally, Piper Sandler lowered their price objective on shares of Chord Energy from $194.00 to $193.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $173.08.

Insider Activity at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $116.35, for a total value of $116,350.00. Following the sale, the chief accounting officer now owns 19,488 shares of the company's stock, valued at $2,267,428.80. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is owned by company 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.