Raymond James Financial Inc. bought a new position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 256,445 shares of the company's stock, valued at approximately $29,984,000. Raymond James Financial Inc. owned 0.42% of Chord Energy as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of CHRD. Stone House Investment Management LLC acquired a new stake in Chord Energy in the 3rd quarter worth about $26,000. Brooklyn Investment Group acquired a new stake in Chord Energy in the 4th quarter worth about $29,000. R Squared Ltd acquired a new stake in Chord Energy in the 4th quarter worth about $51,000. Venturi Wealth Management LLC raised its stake in 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 in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Chord Energy in the 4th quarter worth about $77,000. Institutional investors and hedge funds own 97.76% of the company's stock.
Chord Energy Price Performance
CHRD stock traded up $1.09 during trading on Tuesday, reaching $108.72. 834,086 shares of the company were exchanged, compared to its average volume of 908,653. The company has a 50-day moving average of $114.24 and a two-hundred day moving average of $123.16. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a twelve month low of $99.40 and a twelve month high of $190.23. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.78%. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, March 11th. Chord Energy's payout ratio is presently 32.62%.
Analyst Ratings Changes
Several brokerages have weighed in on CHRD. UBS Group dropped their price objective on shares of Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a research note on Monday, December 9th. Wolfe Research upgraded shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 target price for the company in a research report on Friday, January 3rd. Royal Bank of Canada dropped their target price on shares of Chord Energy from $185.00 to $180.00 and set an "outperform" rating for the company in a research report on Wednesday, November 20th. Morgan Stanley started coverage on shares of Chord Energy in a research report on Friday, January 10th. They issued an "equal weight" rating and a $158.00 target price for the company. Finally, Bank of America restated a "neutral" rating and issued a $138.00 target price (down from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Chord Energy presently has an average rating of "Moderate Buy" and an average price target of $164.62.
Check Out Our Latest Stock Report on Chord Energy
About Chord Energy
(
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.
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