New York State Teachers Retirement System Sells 347 Shares of Chord Energy Co. (NASDAQ:CHRD)

New York State Teachers Retirement System cut its holdings in Chord Energy Co. (NASDAQ:CHRD) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,927 shares of the company’s stock after selling 347 shares during the period. New York State Teachers Retirement System’s holdings in Chord Energy were worth $3,148,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in Chord Energy by 30.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 744,309 shares of the company’s stock worth $88,459,000 after purchasing an additional 172,196 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in Chord Energy in the fourth quarter worth $602,000. Portfolio Design Labs LLC boosted its holdings in Chord Energy by 32.6% in the fourth quarter. Portfolio Design Labs LLC now owns 29,175 shares of the company’s stock worth $3,411,000 after purchasing an additional 7,165 shares in the last quarter. Entropy Technologies LP bought a new stake in Chord Energy in the fourth quarter worth $208,000. Finally, Kingsview Wealth Management LLC boosted its holdings in Chord Energy by 55.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company’s stock worth $2,542,000 after purchasing an additional 7,743 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 value of $116,350.00. Following the completion of the transaction, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at $2,267,428.80. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Chord Energy Stock Down 3.5 %

Shares of CHRD opened at $111.68 on Friday. The company has a 50-day simple moving average of $116.50 and a 200-day simple moving average of $128.18. The firm has a market capitalization of $6.83 billion, a P/E ratio of 5.75, a P/E/G ratio of 5.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. Chord Energy Co. has a 52 week low of $107.24 and a 52 week high of $190.23.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CHRD. Royal Bank of Canada decreased their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Wells Fargo & Company cut their target price on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. UBS Group cut their target price on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research report on Monday, December 9th. Morgan Stanley initiated coverage on shares of Chord Energy in a research report on Friday, January 10th. They set an “equal weight” rating and a $158.00 target price for the company. Finally, Mizuho cut their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Chord Energy 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.