Nisa Investment Advisors LLC raised its position in Chord Energy Co. (NASDAQ:CHRD – Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,049 shares of the company’s stock after purchasing an additional 344 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chord Energy were worth $473,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its stake in shares of Chord Energy by 462.9% in the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after buying an additional 162 shares during the period. Stone House Investment Management LLC bought a new stake in Chord Energy during the 3rd quarter worth approximately $26,000. UMB Bank n.a. increased its position in Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after acquiring an additional 101 shares during the period. Brooklyn Investment Group bought a new position in shares of Chord Energy during the fourth quarter valued at $29,000. Finally, Spartan Fund Management Inc. acquired a new position in shares of Chord Energy during the third quarter worth $34,000. 97.76% of the stock is owned by institutional investors and hedge funds.
Chord Energy Price Performance
CHRD opened at $116.62 on Wednesday. The firm’s fifty day moving average price is $121.05 and its two-hundred day moving average price is $134.97. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 6.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. Chord Energy Co. has a 1 year low of $109.59 and a 1 year high of $190.23.
Chord Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s payout ratio is 25.75%.
Analysts Set New Price Targets
A number of research firms recently weighed in on CHRD. Morgan Stanley initiated coverage on Chord Energy in a report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 price objective for the company. Wells Fargo & Company decreased their price target on Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Mizuho cut their price objective on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Piper Sandler decreased their target price on shares of Chord Energy from $194.00 to $193.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Finally, Wolfe Research raised shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price objective on the stock in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.08.
Check Out Our Latest Stock Analysis on Chord Energy
Insider Buying and Selling
In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $116.35, for a total value of $116,350.00. Following the transaction, the chief accounting officer now directly owns 19,488 shares in the company, valued at $2,267,428.80. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
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.
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