856 Shares in Chord Energy Co. (NASDAQ:CHRD) Bought by Headlands Technologies LLC

Headlands Technologies LLC bought a new position in Chord Energy Co. (NASDAQ:CHRD) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 856 shares of the company’s stock, valued at approximately $100,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in shares of Chord Energy by 27.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock worth $334,912,000 after purchasing an additional 619,021 shares in the last quarter. State Street Corp grew its stake in Chord Energy by 0.9% in the 3rd quarter. State Street Corp now owns 2,485,777 shares of the company’s stock worth $323,723,000 after buying an additional 22,753 shares in the last quarter. Boston Partners increased its holdings in shares of Chord Energy by 5.6% in the 4th quarter. Boston Partners now owns 2,186,483 shares of the company’s stock worth $255,684,000 after buying an additional 115,215 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Chord Energy by 50.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock valued at $218,892,000 after buying an additional 627,122 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Chord Energy by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock worth $151,077,000 after acquiring an additional 34,156 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Price Performance

Shares of Chord Energy stock opened at $87.82 on Monday. The firm has a market cap of $5.22 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96. The company’s fifty day simple moving average is $109.83 and its two-hundred day simple moving average is $120.11. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 12-month low of $86.70 and a 12-month high of $190.23.

Chord Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 yield of 5.92%. The ex-dividend date was Tuesday, March 11th. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s payout ratio is currently 32.62%.

Wall Street Analyst Weigh In

CHRD has been the topic of a number of research reports. Morgan Stanley set a $139.00 price target on Chord Energy and gave the company a “cautious” rating in a research report on Wednesday, March 26th. Bank of America dropped their target price on Chord Energy from $138.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, April 1st. Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target on the stock in a research report on Friday, January 3rd. Truist Financial boosted their price objective on shares of Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Mizuho reduced their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chord Energy has an average rating of “Moderate Buy” and a consensus target price of $161.46.

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.