TCW Group Inc. Has $4.28 Million Stock Position in Chord Energy Co. (NASDAQ:CHRD)

TCW Group Inc. raised its holdings in Chord Energy Co. (NASDAQ:CHRD) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,640 shares of the company’s stock after buying an additional 3,100 shares during the quarter. TCW Group Inc.’s holdings in Chord Energy were worth $4,284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new position in shares of Chord Energy during the 3rd quarter valued at $26,000. Brooklyn Investment Group bought a new position in shares of Chord Energy in the 4th quarter worth $29,000. Fortitude Family Office LLC bought a new position in shares of Chord Energy in the third quarter valued at $47,000. R Squared Ltd bought a new stake in shares of Chord Energy during the fourth quarter worth about $51,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Chord Energy by 1,751.9% in the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company’s stock worth $58,000 after acquiring an additional 473 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wolfe Research upgraded 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. Morgan Stanley initiated coverage on Chord Energy in a research report on Friday, January 10th. They set an “equal weight” rating and a $158.00 target price on the stock. Wells Fargo & Company lowered their price target on Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. UBS Group dropped their price objective on Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. Finally, Mizuho reduced their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.08.

Chord Energy Stock Performance

Shares of CHRD stock opened at $111.68 on Monday. The firm’s 50 day moving average is $116.50 and its 200 day moving average is $127.83. The stock has a market capitalization of $6.83 billion, a P/E ratio of 5.75, a PEG ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a 12 month low of $107.24 and a 12 month high of $190.23. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 4.48%. Chord Energy’s dividend payout ratio is currently 25.75%.

Insider Transactions at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $116.35, for a total value of $116,350.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,488 shares in the company, valued at approximately $2,267,428.80. This trade represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.