Chord Energy Co. (NASDAQ:CHRD) Stock Position Decreased by Choreo LLC

Choreo LLC trimmed its stake in Chord Energy Co. (NASDAQ:CHRD) by 28.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,087 shares of the company’s stock after selling 820 shares during the quarter. Choreo LLC’s holdings in Chord Energy were worth $238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in Chord Energy during the third quarter valued at about $26,000. Brooklyn Investment Group purchased a new stake in shares of Chord Energy in the 4th quarter valued at approximately $29,000. Spartan Fund Management Inc. acquired a new position in Chord Energy in the 3rd quarter worth approximately $34,000. Fortitude Family Office LLC purchased a new position in Chord Energy during the 3rd quarter worth approximately $47,000. Finally, R Squared Ltd acquired a new stake in Chord Energy during the 4th quarter valued at $51,000. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy 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 completion of the transaction, the chief accounting officer now directly owns 19,488 shares of the company’s stock, valued at $2,267,428.80. This trade represents a 4.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Chord Energy Stock Performance

NASDAQ:CHRD opened at $110.93 on Friday. 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 firm has a 50-day moving average price of $117.12 and a 200 day moving average price of $129.92. The firm has a market capitalization of $6.78 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 5.46 and a beta of 0.98. Chord Energy Co. has a 12-month low of $107.24 and a 12-month high of $190.23.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 4.51%. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Analysts Set New Price Targets

CHRD has been the topic of a number of research analyst reports. UBS Group lowered their price target on Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a report on Monday, December 9th. Wells Fargo & Company dropped their target price on Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target for the company in a report on Friday, January 3rd. Mizuho dropped their price objective on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Truist Financial boosted their target price on shares of Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.08.

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.