Samalin Investment Counsel LLC bought a new stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,422 shares of the company's stock, valued at approximately $634,000.
Other institutional investors also recently bought and sold shares of the company. Delta Capital Management LLC boosted its position in Chord Energy by 4.3% in the 4th quarter. Delta Capital Management LLC now owns 2,200 shares of the company's stock valued at $257,000 after buying an additional 90 shares during the period. Commerce Bank boosted its holdings in Chord Energy by 4.3% in the third quarter. Commerce Bank now owns 2,361 shares of the company's stock valued at $307,000 after purchasing an additional 98 shares during the period. Gables Capital Management Inc. boosted its holdings in Chord Energy by 6.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,550 shares of the company's stock valued at $181,000 after purchasing an additional 100 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Chord Energy by 2.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company's stock worth $434,000 after purchasing an additional 106 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Chord Energy by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company's stock worth $718,000 after purchasing an additional 110 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Truist Financial boosted their price objective on Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. UBS Group dropped their price objective on shares of Chord Energy from $168.00 to $161.00 and set a "buy" rating on the stock in a research report on Monday, December 9th. Morgan Stanley assumed coverage on shares of Chord Energy in a research report on Friday, January 10th. They set an "equal weight" rating and a $158.00 price objective for the company. Piper Sandler dropped their target price on Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Finally, Bank of America reaffirmed a "neutral" rating and set a $138.00 price target (down from $208.00) on shares of Chord Energy in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chord Energy presently has a consensus rating of "Moderate Buy" and an average target price of $163.92.
Check Out Our Latest Stock Analysis on CHRD
Chord Energy Stock Performance
Shares of CHRD traded down $0.18 during mid-day trading on Tuesday, reaching $112.60. 785,680 shares of the company's stock were exchanged, compared to its average volume of 921,994. The business's fifty day simple moving average is $112.66 and its 200-day simple moving average is $121.74. Chord Energy Co. has a 52-week low of $99.40 and a 52-week high of $190.23. The stock has a market capitalization of $6.71 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. 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 yield of 4.62%. Chord Energy's payout ratio is currently 32.62%.
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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