Hancock Whitney Corp Invests $217,000 in Chord Energy Co. (NASDAQ:CHRD)

Hancock Whitney Corp purchased a new position in Chord Energy Co. (NASDAQ:CHRD) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,852 shares of the company’s stock, valued at approximately $217,000.

Other large investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Chord Energy in the 4th quarter worth approximately $25,000. Brooklyn Investment Group bought a new stake in Chord Energy in the fourth quarter worth $29,000. Twin Tree Management LP purchased a new position in Chord Energy during the fourth quarter worth $33,000. Larson Financial Group LLC increased its position in Chord Energy by 238.3% during the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock valued at $37,000 after acquiring an additional 224 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Chord Energy in the fourth quarter valued at $51,000. 97.76% of the stock is owned by institutional investors.

Chord Energy Stock Down 0.1 %

Shares of Chord Energy stock opened at $94.62 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.63 billion, a P/E ratio of 4.87, a PEG ratio of 5.83 and a beta of 0.96. The firm’s 50 day moving average price is $102.43 and its 200-day moving average price is $115.10. Chord Energy Co. has a 52-week low of $79.83 and a 52-week high of $188.02.

Chord Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.50%. Chord Energy’s dividend payout ratio is presently 32.62%.

Analysts Set New Price Targets

CHRD has been the topic of several analyst reports. Royal Bank of Canada cut their price target on shares of Chord Energy from $165.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Williams Trading set a $155.00 target price on Chord Energy in a research note on Wednesday, March 5th. Citigroup reduced their price target on shares of Chord Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Bank of America lowered their price target on Chord Energy from $138.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, April 1st. Finally, Morgan Stanley set a $139.00 price objective on Chord Energy and gave the stock a “cautious” rating in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.92.

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.