Chord Energy Co. (NASDAQ:CHRD) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,046 shares of the company’s stock after purchasing an additional 177 shares during the period. Signaturefd LLC’s holdings in Chord Energy were worth $356,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CHRD. Stone House Investment Management LLC acquired a new position in Chord Energy in the 3rd quarter valued at $26,000. Brooklyn Investment Group acquired a new stake in shares of Chord Energy in the fourth quarter valued at about $29,000. Twin Tree Management LP purchased a new position in shares of Chord Energy in the fourth quarter worth about $33,000. Larson Financial Group LLC boosted its position in Chord Energy by 238.3% during the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after acquiring an additional 224 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Chord Energy during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CHRD. UBS Group lowered their target price on Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a report on Monday, December 9th. Morgan Stanley assumed coverage on Chord Energy in a report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 target price for the company. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target on the stock in a report on Friday, January 3rd. Citigroup lowered shares of Chord Energy to a “reduce” rating in a report on Wednesday, March 5th. Finally, Truist Financial lifted their target price on shares of Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chord Energy presently has an average rating of “Moderate Buy” and an average price target of $164.62.

Chord Energy Stock Performance

Shares of CHRD stock opened at $109.71 on Friday. Chord Energy Co. has a one year low of $99.40 and a one year high of $190.23. 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 firm’s 50 day moving average price is $112.92 and its 200-day moving average price is $122.16. The firm has a market cap of $6.54 billion, a P/E ratio of 5.65, a P/E/G ratio of 5.83 and a beta of 0.98.

Chord Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.74%. Chord Energy’s payout ratio is presently 32.62%.

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.