10,189 Shares in Chord Energy Co. (NASDAQ:CHRD) Bought by Natixis Advisors LLC

Natixis Advisors LLC acquired a new stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 10,189 shares of the company's stock, valued at approximately $1,191,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHRD. Stone House Investment Management LLC bought a new stake in shares of Chord Energy during the third quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in Chord Energy during the 4th quarter worth $29,000. Larson Financial Group LLC raised its position in shares of Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company's stock valued at $37,000 after acquiring an additional 224 shares during the last quarter. R Squared Ltd acquired a new position in shares of Chord Energy in the 4th quarter valued at $51,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Chord Energy by 1,751.9% in the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company's stock worth $58,000 after purchasing an additional 473 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Stock Down 0.4 %

Shares of NASDAQ:CHRD traded down $0.41 during midday trading on Friday, reaching $111.73. 511,727 shares of the company were exchanged, compared to its average volume of 943,021. The firm has a market cap of $6.65 billion, a PE ratio of 5.75, a P/E/G ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a fifty-two week low of $99.40 and a fifty-two week high of $190.23. The stock has a fifty day simple moving average of $111.53 and a two-hundred day simple moving average of $121.24. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

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Chord Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were paid a $1.30 dividend. This is an increase from Chord Energy's previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $5.20 annualized dividend and a dividend yield of 4.65%. Chord Energy's dividend payout ratio (DPR) is currently 32.62%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group dropped their price objective on Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a report on Monday, December 9th. Piper Sandler lowered their price target on Chord Energy from $193.00 to $184.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Citigroup downgraded shares of Chord Energy to a "reduce" rating in a research report on Wednesday, March 5th. Mizuho decreased their price objective on shares of Chord Energy from $192.00 to $178.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Finally, Williams Trading set a $155.00 target price on shares of Chord Energy in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chord Energy currently has a consensus rating of "Moderate Buy" and an average 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.