Rhumbline Advisers Has $19.44 Million Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Rhumbline Advisers trimmed its holdings in Chord Energy Co. (NASDAQ:CHRD) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,247 shares of the company’s stock after selling 2,225 shares during the quarter. Rhumbline Advisers owned about 0.27% of Chord Energy worth $19,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRD. Pacer Advisors Inc. lifted its stake in shares of Chord Energy by 8,762.1% in the 3rd quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock valued at $162,141,000 after purchasing an additional 1,230,985 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Chord Energy by 41.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock valued at $292,423,000 after purchasing an additional 656,374 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Chord Energy by 143.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 880,787 shares of the company’s stock valued at $114,705,000 after purchasing an additional 519,547 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Chord Energy by 30.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 744,309 shares of the company’s stock valued at $88,459,000 after purchasing an additional 172,196 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Chord Energy by 721.9% in the 3rd quarter. Captrust Financial Advisors now owns 145,785 shares of the company’s stock valued at $18,986,000 after purchasing an additional 128,047 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.27, for a total value of $121,270.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,488 shares of the company’s stock, valued at $2,484,579.76. This represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Chord Energy Stock Performance

Shares of CHRD opened at $115.67 on Friday. The firm has a market capitalization of $7.07 billion, a P/E ratio of 5.96, a P/E/G ratio of 5.65 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. The stock has a 50 day moving average price of $116.65 and a two-hundred day moving average price of $128.46. Chord Energy Co. has a 52 week low of $107.24 and a 52 week high of $190.23.

Chord Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s dividend payout ratio is presently 25.75%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHRD. Royal Bank of Canada dropped their price objective on Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Bank of America reaffirmed a “neutral” rating and set a $138.00 price target (down from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. Wolfe Research raised Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target on the stock in a research note on Friday, January 3rd. Piper Sandler dropped their price target 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. Finally, Truist Financial upped their price target on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Three equities 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. Based on data from MarketBeat.com, Chord Energy has an average rating of “Moderate Buy” and a consensus target price of $173.08.

Chord Energy 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.