Chord Energy Co. (NASDAQ:CHRD) Shares Purchased by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC raised its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 30,308 shares of the company’s stock after buying an additional 201 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Chord Energy were worth $3,544,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CHRD. Brooklyn Investment Group acquired a new position in Chord Energy in the 4th quarter worth about $29,000. Twin Tree Management LP acquired a new position in shares of Chord Energy during the 4th quarter valued at about $33,000. Larson Financial Group LLC increased its holdings in shares of 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 purchased a new stake in Chord Energy in the fourth quarter valued at $51,000. Finally, Venturi Wealth Management LLC raised its holdings in Chord Energy by 1,751.9% in the 4th 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 period. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHRD has been the subject of several research reports. Citigroup dropped their target price on Chord Energy from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Royal Bank of Canada cut their price target on Chord Energy from $165.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday. Wolfe Research upgraded 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 report on Friday, January 3rd. Wells Fargo & Company reduced their price objective on shares of Chord Energy from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Finally, Bank of America dropped their price objective on shares of Chord Energy from $138.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chord Energy presently has an average rating of “Moderate Buy” and a consensus price target of $157.62.

Chord Energy Stock Down 0.9 %

NASDAQ CHRD opened at $88.52 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average is $105.66 and its two-hundred day moving average is $117.65. Chord Energy Co. has a 1-year low of $79.83 and a 1-year high of $188.41. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 4.56, a PEG ratio of 5.83 and a beta of 0.96.

Chord Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a $1.30 dividend. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 5.87%. The ex-dividend date was Tuesday, March 11th. Chord Energy’s dividend payout ratio 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.