Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in Chord Energy Co. (NASDAQ:CHRD) by 48.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 338 shares of the company’s stock after selling 324 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Chord Energy were worth $38,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in Chord Energy during the 3rd quarter worth $26,000. Brooklyn Investment Group acquired a new position in Chord Energy during the 4th quarter worth $29,000. Spartan Fund Management Inc. acquired a new position in Chord Energy during the 3rd quarter worth $34,000. Fortitude Family Office LLC acquired a new position in Chord Energy during the 3rd quarter worth $47,000. Finally, R Squared Ltd acquired a new position in Chord Energy during the 4th quarter worth $51,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Trading Up 0.7 %

Shares of NASDAQ:CHRD opened at $110.93 on Friday. Chord Energy Co. has a 12-month low of $107.24 and a 12-month high of $190.23. The stock has a market cap of $6.78 billion, a PE ratio of 5.71, a P/E/G ratio of 5.46 and a beta of 0.98. The business has a 50 day moving average of $117.12 and a 200-day moving average of $129.64. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

Chord Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued 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%.

Analyst Upgrades and Downgrades

CHRD has been the topic of a number of research reports. UBS Group dropped their price objective 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. Piper Sandler dropped their price objective on Chord Energy from $194.00 to $193.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Wolfe Research raised 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. Truist Financial boosted their target price on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Mizuho dropped their price target on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned 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 a consensus price target of $173.08.

Insider Transactions at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.27, for a total value of $121,270.00. Following the sale, the chief accounting officer now owns 20,488 shares of the company’s stock, valued at $2,484,579.76. The trade was a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

About Chord Energy

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.