Anchor Capital Advisors LLC Acquires 3,207 Shares of Chord Energy Co. (NASDAQ:CHRD)

Anchor Capital Advisors LLC increased its stake in Chord Energy Co. (NASDAQ:CHRD) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 231,936 shares of the company’s stock after purchasing an additional 3,207 shares during the period. Anchor Capital Advisors LLC’s holdings in Chord Energy were worth $27,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CHRD. Victory Capital Management Inc. increased its holdings 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 worth $292,423,000 after buying an additional 656,374 shares during the last quarter. Merit Financial Group LLC purchased a new position in Chord Energy in the fourth quarter worth $553,000. Geode Capital Management LLC increased its stake in Chord Energy by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock valued at $151,077,000 after acquiring an additional 34,156 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Chord Energy by 55.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company’s stock valued at $2,542,000 after acquiring an additional 7,743 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. raised its position in Chord Energy by 3.5% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 92,211 shares of the company’s stock valued at $11,596,000 after purchasing an additional 3,151 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.27, for a total value of $121,270.00. Following the sale, the chief accounting officer now owns 20,488 shares in the company, valued at $2,484,579.76. The trade was 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 link. 0.70% of the stock is owned by company insiders.

Chord Energy Price Performance

Shares of Chord Energy stock opened at $113.46 on Friday. The company’s fifty day simple moving average is $116.30 and its two-hundred day simple moving average is $127.15. Chord Energy Co. has a 12-month low of $107.24 and a 12-month high of $190.23. The firm has a market cap of $6.94 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. 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 announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a $1.30 dividend. The ex-dividend date is Tuesday, March 11th. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 4.58%. Chord Energy’s dividend payout ratio (DPR) is presently 31.37%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHRD. Piper Sandler cut their price objective on Chord Energy from $194.00 to $193.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Wolfe Research raised Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price for the company in a research note on Friday, January 3rd. Royal Bank of Canada reduced their price target on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Morgan Stanley began coverage on shares of Chord Energy in a report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 price objective for the company. Finally, Mizuho cut their price objective on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Chord Energy has a consensus rating of “Moderate Buy” and an average price target of $169.92.

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.