Callan Capital LLC Invests $212,000 in Chord Energy Co. (NASDAQ:CHRD)

Callan Capital LLC bought a new stake in Chord Energy Co. (NASDAQ:CHRD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,809 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stone House Investment Management LLC acquired a new stake in Chord Energy during the 3rd quarter valued at $26,000. Brooklyn Investment Group bought a new stake in shares of Chord Energy during the fourth quarter worth $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chord Energy in the third quarter valued at $47,000. R Squared Ltd bought a new position in shares of Chord Energy in the fourth quarter valued at about $51,000. Finally, Venturi Wealth Management LLC lifted its position in Chord Energy by 1,751.9% during the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company’s stock worth $58,000 after buying an additional 473 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Price Performance

Chord Energy stock opened at $111.68 on Monday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 5.75, a PEG ratio of 5.83 and a beta of 0.98. The business has a 50-day moving average of $116.50 and a 200-day moving average of $127.83. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 1 year low of $107.24 and a 1 year high of $190.23.

Chord Energy Dividend Announcement

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

Insider Transactions at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $121.27, for a total transaction 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. This trade represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective 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. Truist Financial raised their price target on shares of Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a report on Monday, January 13th. Morgan Stanley assumed coverage on Chord Energy in a report on Friday, January 10th. They set an “equal weight” rating and a $158.00 price objective on the stock. Piper Sandler lowered their target price on Chord Energy from $194.00 to $193.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, UBS Group dropped their target price on Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and an average target price 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.