Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,270 shares of the company’s stock after selling 300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chord Energy were worth $544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vest Financial LLC grew its stake in shares of Chord Energy by 36.0% in the fourth quarter. Vest Financial LLC now owns 79,293 shares of the company’s stock valued at $13,181,000 after buying an additional 20,995 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of Chord Energy by 68.5% in the third quarter. Natixis Advisors L.P. now owns 38,458 shares of the company’s stock valued at $6,233,000 after buying an additional 15,632 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Chord Energy by 0.5% in the third quarter. Vanguard Group Inc. now owns 4,351,393 shares of the company’s stock valued at $705,230,000 after buying an additional 21,034 shares in the last quarter. Invesco Ltd. grew its stake in shares of Chord Energy by 7.9% in the third quarter. Invesco Ltd. now owns 444,627 shares of the company’s stock valued at $72,061,000 after buying an additional 32,429 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Chord Energy by 1.0% in the third quarter. Wellington Management Group LLP now owns 2,671,474 shares of the company’s stock valued at $432,966,000 after buying an additional 26,896 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Stock Performance

Shares of CHRD stock opened at $181.12 on Thursday. The stock has a market capitalization of $7.52 billion, a PE ratio of 7.70 and a beta of 1.06. Chord Energy Co. has a 52-week low of $133.34 and a 52-week high of $190.23. The stock’s 50-day moving average price is $169.63 and its 200 day moving average price is $164.29. The company has a quick ratio of 1.16, a current ratio of 1.22 and a debt-to-equity ratio of 0.08.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.21. The firm had revenue of $964.69 million for the quarter, compared to analysts’ expectations of $891.67 million. Chord Energy had a return on equity of 16.35% and a net margin of 26.27%. As a group, equities research analysts forecast that Chord Energy Co. will post 21.97 EPS for the current year.

Chord Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th were given a $3.25 dividend. This represents a $13.00 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend was Monday, March 4th. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s payout ratio is 21.25%.

Insider Activity at Chord Energy

In related news, CFO Michael H. Lou sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $154.15, for a total value of $462,450.00. Following the transaction, the chief financial officer now owns 131,209 shares in the company, valued at approximately $20,225,867.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Chord Energy from $218.00 to $219.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Stifel Nicolaus lifted their target price on Chord Energy from $178.00 to $211.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Mizuho lifted their target price on Chord Energy from $189.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Truist Financial decreased their target price on Chord Energy from $229.00 to $224.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Bank of America lowered Chord Energy from a “buy” rating to an “underperform” rating and decreased their target price for the company from $177.00 to $165.00 in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Chord Energy currently has an average rating of “Moderate Buy” and an average target price of $190.40.

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.