Natixis Advisors LLC Makes New Investment in Chord Energy Co. (NASDAQ:CHRD)

Natixis Advisors LLC bought a new stake in Chord Energy Co. (NASDAQ:CHRD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,189 shares of the company’s stock, valued at approximately $1,191,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CHRD. Commerce Bank lifted its position in Chord Energy by 4.3% in the 3rd quarter. Commerce Bank now owns 2,361 shares of the company’s stock valued at $307,000 after purchasing an additional 98 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Chord Energy by 193.5% during the third quarter. Kingsview Wealth Management LLC now owns 14,001 shares of the company’s stock valued at $1,823,000 after buying an additional 9,231 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Chord Energy by 4.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,600 shares of the company’s stock worth $599,000 after buying an additional 200 shares during the period. Qsemble Capital Management LP bought a new position in Chord Energy in the 3rd quarter worth approximately $782,000. Finally, FMR LLC increased its position in Chord Energy by 2.2% in the 3rd quarter. FMR LLC now owns 3,420,012 shares of the company’s stock valued at $445,388,000 after acquiring an additional 74,165 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Price Performance

Shares of NASDAQ:CHRD opened at $112.60 on Wednesday. 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 company has a market capitalization of $6.71 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The stock has a fifty day moving average of $112.66 and a 200-day moving average of $121.74. Chord Energy Co. has a one year low of $99.40 and a one year high of $190.23.

Chord Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a $1.30 dividend. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.62%. Chord Energy’s dividend payout ratio (DPR) is 32.62%.

Analysts Set New Price Targets

CHRD has been the subject of a number of analyst reports. Williams Trading set a $155.00 price target on Chord Energy in a research report on Wednesday, March 5th. Citigroup lowered shares of Chord Energy to a “reduce” rating in a research report on Wednesday, March 5th. Truist Financial boosted their price target 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. Bank of America reiterated a “neutral” rating and issued a $138.00 price objective (down from $208.00) on shares of Chord Energy in a report on Monday, January 13th. Finally, Piper Sandler dropped their target price on Chord Energy from $193.00 to $184.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $163.92.

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.