Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,383 shares of the company’s stock after selling 154 shares during the period. Thrivent Financial for Lutherans’ holdings in Chord Energy were worth $1,682,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Chord Energy during the fourth quarter worth about $29,000. Twin Tree Management LP acquired a new stake in shares of Chord Energy during the 4th quarter worth approximately $33,000. Larson Financial Group LLC grew its stake in shares of Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after purchasing an additional 224 shares during the period. R Squared Ltd purchased a new position in shares of Chord Energy during the 4th quarter valued at approximately $51,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Chord Energy by 1,751.9% in the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company’s stock valued at $58,000 after purchasing an additional 473 shares during the period. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Trading Down 0.4 %

Shares of CHRD opened at $111.73 on Friday. Chord Energy Co. has a 52-week low of $99.40 and a 52-week high of $190.23. The stock has a market cap of $6.65 billion, a PE ratio of 5.75, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The firm’s fifty day moving average is $111.53 and its two-hundred day moving average is $121.24. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 a positive change from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a yield of 4.65%. Chord Energy’s payout ratio is presently 32.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Williams Trading set a $155.00 price objective on shares of Chord Energy in a report on Wednesday, March 5th. UBS Group cut their price target on Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research note on Monday, December 9th. Bank of America reiterated a “neutral” rating and set a $138.00 price target (down previously from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price objective for the company in a research report on Friday, January 3rd. Finally, Citigroup downgraded Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.46.

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.