Chord Energy Co. (NASDAQ:CHRD) Position Raised by XTX Topco Ltd

XTX Topco Ltd raised its stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 126.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,336 shares of the company's stock after purchasing an additional 4,099 shares during the quarter. XTX Topco Ltd's holdings in Chord Energy were worth $858,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CHRD. HighTower Advisors LLC increased its position in shares of Chord Energy by 58.7% in the third 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. MML Investors Services LLC lifted its stake in shares of Chord Energy by 7.5% during the third quarter. MML Investors Services LLC now owns 11,733 shares of the company's stock worth $1,528,000 after purchasing an additional 821 shares in the last quarter. Barclays PLC boosted its position in shares of Chord Energy by 3.7% in the third quarter. Barclays PLC now owns 64,711 shares of the company's stock worth $8,427,000 after buying an additional 2,318 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Chord Energy by 21.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,141 shares of the company's stock valued at $691,000 after buying an additional 892 shares during the period. Finally, Synovus Financial Corp boosted its holdings in Chord Energy by 14.9% in the 3rd quarter. Synovus Financial Corp now owns 5,869 shares of the company's stock worth $764,000 after acquiring an additional 761 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHRD. Piper Sandler lowered their price target on shares of Chord Energy from $193.00 to $184.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. Royal Bank of Canada dropped their target price on Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. 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 target price on Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. 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 report on Friday, January 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

Chord Energy Stock Performance

Shares of CHRD stock traded up $3.59 during trading hours on Friday, reaching $94.43. The stock had a trading volume of 767,619 shares, compared to its average volume of 972,099. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a 50-day simple moving average of $104.12 and a 200-day simple moving average of $116.67. The firm has a market capitalization of $5.62 billion, a PE ratio of 4.86, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a twelve month low of $79.83 and a twelve month high of $188.02.

Chord Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's payout ratio 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.