Susquehanna Fundamental Investments LLC Takes Position in Chord Energy Co. (NASDAQ:CHRD)

Susquehanna Fundamental Investments LLC purchased 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 13F filing with the SEC. The firm purchased 197,879 shares of the company's stock, valued at approximately $23,136,000. Susquehanna Fundamental Investments LLC owned about 0.32% of Chord Energy as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Chord Energy by 11.5% during the 4th quarter. FMR LLC now owns 3,814,384 shares of the company's stock worth $445,978,000 after purchasing an additional 394,372 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Chord Energy by 27.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock worth $334,912,000 after buying an additional 619,021 shares during the period. Boston Partners boosted its holdings in Chord Energy by 5.6% in the 4th quarter. Boston Partners now owns 2,186,483 shares of the company's stock worth $255,684,000 after buying an additional 115,215 shares during the period. Pacer Advisors Inc. boosted its holdings in Chord Energy by 50.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock worth $218,892,000 after buying an additional 627,122 shares during the period. Finally, American Century Companies Inc. boosted its holdings in 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 buying an additional 145,627 shares during the period. Hedge funds and other institutional investors own 97.76% of the company's stock.

Chord Energy Price Performance

Shares of CHRD traded down $1.40 during midday trading on Tuesday, reaching $93.51. The stock had a trading volume of 608,132 shares, compared to its average volume of 975,302. The company's 50-day moving average is $101.60 and its 200 day moving average is $114.69. Chord Energy Co. has a 12-month low of $79.83 and a 12-month high of $188.02. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 4.82, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96.

Chord Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were issued a $1.30 dividend. This is a boost 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 5.56%. The ex-dividend date of this dividend was Tuesday, March 11th. Chord Energy's dividend payout ratio is presently 32.62%.

Analysts Set New Price Targets

Several research analysts recently commented on CHRD shares. Citigroup cut their price objective on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a report on Monday, April 7th. Williams Trading set a $155.00 price objective on shares of Chord Energy in a report on Wednesday, March 5th. Bank of America raised shares of Chord Energy from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $125.00 to $114.00 in a report on Tuesday. Wolfe Research raised shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price target for the company in a report on Friday, January 3rd. Finally, Morgan Stanley set a $139.00 price objective on Chord Energy and gave the company a "cautious" rating in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $156.08.

About Chord Energy

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.