Stratos Wealth Partners LTD. Makes New $255,000 Investment in Chord Energy Co. (NASDAQ:CHRD)

Stratos Wealth Partners LTD. purchased a new stake in Chord Energy Co. (NASDAQ:CHRD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,178 shares of the company’s stock, valued at approximately $255,000.

A number of other hedge funds also recently made changes to their positions in CHRD. Stone House Investment Management LLC acquired a new stake in Chord Energy during the 3rd quarter worth about $26,000. Brooklyn Investment Group acquired a new stake in Chord Energy during the fourth quarter worth approximately $29,000. Spartan Fund Management Inc. acquired a new stake in Chord Energy during the third quarter worth approximately $34,000. Fortitude Family Office LLC bought a new stake in Chord Energy in the third quarter worth approximately $47,000. Finally, GAMMA Investing LLC lifted its stake in Chord Energy by 30.6% in the third quarter. GAMMA Investing LLC now owns 414 shares of the company’s stock valued at $54,000 after buying an additional 97 shares during the period. 97.76% of the stock is currently owned by institutional investors.

Chord Energy Stock Up 0.5 %

Shares of Chord Energy stock opened at $110.19 on Friday. The company’s fifty day simple moving average is $117.47 and its two-hundred day simple moving average is $130.46. 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. The company has a market cap of $6.74 billion, a P/E ratio of 5.67, a PEG ratio of 5.46 and a beta of 0.98.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.54%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s payout ratio is currently 25.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CHRD shares. Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a research report on Friday, January 3rd. Wells Fargo & Company dropped their price objective on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Bank of America restated a “neutral” rating and issued a $138.00 target price (down from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. UBS Group dropped their price target 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, Piper Sandler reduced their price objective on Chord Energy from $194.00 to $193.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chord Energy currently has an average rating of “Moderate Buy” and an average target price of $173.08.

Insiders Place Their Bets

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the sale, the chief accounting officer now directly owns 19,488 shares of the company’s stock, valued at approximately $2,267,428.80. This represents a 4.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.