Aster Capital Management DIFC Ltd Purchases 7,156 Shares of Chord Energy Co. (NASDAQ:CHRD)

Aster Capital Management DIFC Ltd grew its position in Chord Energy Co. (NASDAQ:CHRD) by 1,280.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,715 shares of the company’s stock after buying an additional 7,156 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Chord Energy were worth $902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Chord Energy in the fourth quarter valued at approximately $29,000. Twin Tree Management LP acquired a new stake in shares of Chord Energy in the 4th quarter worth $33,000. Larson Financial Group LLC grew its stake in Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after buying an additional 224 shares during the last quarter. R Squared Ltd acquired a new position in Chord Energy during the 4th quarter valued at about $51,000. Finally, Venturi Wealth Management LLC raised its stake in Chord Energy by 1,751.9% in the fourth quarter. Venturi Wealth Management LLC now owns 500 shares of the company’s stock valued at $58,000 after buying an additional 473 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Analysts Set New Price Targets

CHRD has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Citigroup lowered shares of Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. UBS Group lowered their price objective on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research note on Monday, December 9th. Piper Sandler cut their target price on Chord Energy from $193.00 to $184.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Finally, Mizuho reduced their target price on Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chord Energy has an average rating of “Moderate Buy” and an average price target of $161.46.

Chord Energy Trading Down 11.7 %

Shares of NASDAQ:CHRD opened at $87.82 on Friday. The company has a market capitalization of $5.22 billion, a PE ratio of 4.52, a PEG ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a 12-month low of $86.70 and a 12-month high of $190.23. The business has a 50 day moving average of $109.83 and a two-hundred day moving average of $120.34. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.92%. The ex-dividend date was Tuesday, March 11th. 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%.

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.