Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 39.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,895 shares of the company's stock after buying an additional 4,245 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Chord Energy were worth $1,742,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in Chord Energy in the 3rd quarter valued at $26,000. Brooklyn Investment Group acquired a new position in Chord Energy in the 4th quarter valued at $29,000. Larson Financial Group LLC raised 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 valued at $37,000 after purchasing an additional 224 shares during the last quarter. R Squared Ltd acquired a new position in Chord Energy in the 4th quarter valued at $51,000. Finally, Venturi Wealth Management LLC grew its holdings in Chord Energy by 1,751.9% in 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 institutional investors and hedge funds.

Chord Energy Stock Down 1.0 %

CHRD stock traded down $1.08 during mid-day trading on Friday, reaching $109.71. The company had a trading volume of 3,140,778 shares, compared to its average volume of 918,667. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The firm has a fifty day simple moving average of $113.21 and a 200 day simple moving average of $122.43. Chord Energy Co. has a fifty-two week low of $99.40 and a fifty-two week high of $190.23.

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Chord Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be given a $1.30 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $5.20 dividend on an annualized basis and a yield of 4.74%. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio (DPR) is currently 32.62%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Williams Trading set a $155.00 target price on Chord Energy in a report on Wednesday, March 5th. UBS Group dropped their target price on Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a report on Monday, December 9th. Mizuho dropped their target price on Chord Energy from $192.00 to $178.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Wells Fargo & Company dropped their target price on Chord Energy from $176.00 to $175.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Finally, Bank of America reiterated 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $164.62.

Chord Energy Company 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.