Trexquant Investment LP cut its holdings in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,416 shares of the company's stock after selling 12,587 shares during the period. Trexquant Investment LP owned about 0.09% of Chord Energy worth $6,128,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in Chord Energy in the 4th quarter valued at about $29,000. Twin Tree Management LP bought a new stake in shares of Chord Energy during the 4th quarter valued at $33,000. Larson Financial Group LLC boosted its stake in Chord Energy by 238.3% in the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company's stock worth $37,000 after purchasing an additional 224 shares during the period. R Squared Ltd bought a new position in Chord Energy in the 4th quarter worth about $51,000. Finally, Venturi Wealth Management LLC grew its holdings in Chord Energy by 1,751.9% during the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company's stock valued at $58,000 after buying an additional 473 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CHRD has been the topic of several research analyst reports. Truist Financial upped their price target on shares of Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Morgan Stanley set a $139.00 price target on Chord Energy and gave the company a "cautious" rating in a report on Wednesday, March 26th. Citigroup cut their price objective on Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a report on Monday. Piper Sandler lowered their target price on shares of Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Finally, 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 research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $160.31.
Read Our Latest Research Report on Chord Energy
Chord Energy Trading Down 9.8 %
NASDAQ:CHRD traded down $9.30 during midday trading on Thursday, hitting $85.69. 719,275 shares of the company traded hands, compared to its average volume of 961,903. 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 firm's fifty day moving average is $107.06 and its 200-day moving average is $118.65. The firm has a market capitalization of $5.10 billion, a P/E ratio of 4.40, a P/E/G ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a 12-month low of $79.83 and a 12-month high of $190.23.
Chord Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were paid a $1.30 dividend. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, March 11th. This represents a $5.20 dividend on an annualized basis and a yield of 6.07%. Chord Energy's dividend payout ratio (DPR) is presently 32.62%.
Chord Energy Profile
(
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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