Chord Energy Co. (NASDAQ:CHRD) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 66.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 347,216 shares of the company's stock after acquiring an additional 138,600 shares during the quarter. Renaissance Technologies LLC owned approximately 0.57% of Chord Energy worth $40,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in Chord Energy by 58.7% during the 3rd quarter. HighTower Advisors LLC now owns 6,821 shares of the company's stock worth $899,000 after acquiring an additional 2,522 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Chord Energy in the 3rd quarter valued at about $201,000. EP Wealth Advisors LLC purchased a new position in Chord Energy during the 3rd quarter worth approximately $424,000. XTX Topco Ltd increased its position in Chord Energy by 81.1% during the third quarter. XTX Topco Ltd now owns 3,237 shares of the company's stock worth $422,000 after buying an additional 1,450 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of Chord Energy by 7.5% in the third quarter. MML Investors Services LLC now owns 11,733 shares of the company's stock valued at $1,528,000 after acquiring an additional 821 shares during the period. Institutional investors and hedge funds own 97.76% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CHRD. 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 report on Monday, January 13th. 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 note on Friday, January 3rd. Royal Bank of Canada dropped 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. Morgan Stanley set a $139.00 price objective on Chord Energy and gave the stock a "cautious" rating in a research report on Wednesday, March 26th. Finally, Wells Fargo & Company cut their price target on Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $157.00.

Remove Ads

Chord Energy Price Performance

NASDAQ CHRD traded down $0.16 during trading hours on Tuesday, reaching $88.36. The company's stock had a trading volume of 397,916 shares, compared to its average volume of 965,997. 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 stock has a market cap of $5.26 billion, a PE ratio of 4.55, a PEG ratio of 5.83 and a beta of 0.96. The company's 50-day moving average is $105.66 and its two-hundred day moving average is $117.65. Chord Energy Co. has a fifty-two week low of $79.83 and a fifty-two week high of $188.41.

Chord Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a dividend of $1.30 per share. This is an increase from Chord Energy's previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, March 11th. This represents a $5.20 annualized dividend and a yield of 5.89%. Chord Energy's dividend payout ratio (DPR) is presently 32.62%.

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.