13,377 Shares in Chord Energy Co. (NASDAQ:CHRD) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,377 shares of the company's stock, valued at approximately $1,564,000.

Several other hedge funds have also recently modified their holdings of CHRD. JPMorgan Chase & Co. grew its position in Chord Energy by 3.3% during the fourth quarter. JPMorgan Chase & Co. now owns 263,288 shares of the company's stock valued at $30,784,000 after buying an additional 8,455 shares during the period. Segall Bryant & Hamill LLC grew its position in shares of Chord Energy by 11.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 95,643 shares of the company's stock valued at $11,183,000 after acquiring an additional 9,897 shares during the period. Samalin Investment Counsel LLC purchased a new stake in shares of Chord Energy during the 4th quarter worth approximately $634,000. KLP Kapitalforvaltning AS bought a new stake in shares of Chord Energy in the 4th quarter worth approximately $1,747,000. Finally, American Century Companies Inc. raised its holdings in shares of Chord Energy by 15.0% in the 4th quarter. American Century Companies Inc. now owns 1,116,073 shares of the company's stock worth $130,491,000 after purchasing an additional 145,627 shares during the period. Institutional investors own 97.76% of the company's stock.

Analysts Set New Price Targets

CHRD has been the topic of a number of recent research reports. Truist Financial upped their price target on shares of Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a research note on Monday, January 13th. UBS Group reduced their price target on Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a research report on Monday, December 9th. Wolfe Research raised Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price objective on the stock in a report on Friday, January 3rd. Citigroup lowered Chord Energy to a "reduce" rating in a report on Wednesday, March 5th. Finally, Mizuho lowered their price target on shares of Chord Energy from $192.00 to $178.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chord Energy has an average rating of "Moderate Buy" and an average target price of $161.46.

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Chord Energy Trading Down 11.7 %

NASDAQ:CHRD traded down $11.66 during midday trading on Friday, reaching $87.82. 2,141,111 shares of the stock traded hands, compared to its average volume of 948,586. The stock has a market capitalization of $5.22 billion, a P/E ratio of 4.52, a PEG ratio of 5.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The company has a fifty day moving average of $109.83 and a 200 day moving average of $120.34. Chord Energy Co. has a 12 month low of $86.78 and a 12 month high of $190.23.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were issued a dividend of $1.30 per share. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date was Tuesday, March 11th. Chord Energy's dividend payout ratio is currently 32.62%.

Chord Energy 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.