Chord Energy Co. (NASDAQ:CHRD) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 95,643 shares of the company's stock after purchasing an additional 9,897 shares during the quarter. Segall Bryant & Hamill LLC owned 0.16% of Chord Energy worth $11,183,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Samalin Investment Counsel LLC purchased a new position in shares of Chord Energy in the fourth quarter valued at $634,000. KLP Kapitalforvaltning AS purchased a new position in Chord Energy during the 4th quarter valued at about $1,747,000. American Century Companies Inc. raised its position in Chord Energy by 15.0% during the fourth quarter. American Century Companies Inc. now owns 1,116,073 shares of the company's stock worth $130,491,000 after acquiring an additional 145,627 shares during the last quarter. Beddow Capital Management Inc. raised its position in Chord Energy by 461.7% during the fourth quarter. Beddow Capital Management Inc. now owns 22,495 shares of the company's stock worth $2,630,000 after acquiring an additional 18,490 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Chord Energy in the fourth quarter valued at about $2,973,000. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CHRD. Piper Sandler cut their price objective on Chord Energy from $193.00 to $184.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Williams Trading set a $155.00 price target on Chord Energy in a report on Wednesday, March 5th. Bank of America reaffirmed a "neutral" rating and set a $138.00 price objective (down previously from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. UBS Group cut their target price 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. Finally, Citigroup lowered shares of Chord Energy to a "reduce" rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chord Energy has an average rating of "Moderate Buy" and an average price target of $162.46.

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Chord Energy Trading Down 0.4 %

Shares of CHRD traded down $0.41 during mid-day trading on Friday, hitting $111.73. The company had a trading volume of 511,727 shares, compared to its average volume of 943,021. Chord Energy Co. has a 1-year low of $99.40 and a 1-year high of $190.23. The business's 50-day simple moving average is $111.53 and its 200-day simple moving average is $121.24. The stock 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. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

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 issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Tuesday, March 11th. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio (DPR) is 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.