Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in Chord Energy Co. (NASDAQ:CHRD) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,128 shares of the company’s stock after selling 400 shares during the quarter. Amalgamated Bank’s holdings in Chord Energy were worth $3,406,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in Chord Energy during the third quarter worth about $26,000. Brooklyn Investment Group purchased a new stake in Chord Energy during the 4th quarter worth approximately $29,000. R Squared Ltd acquired a new stake in Chord Energy during the 4th quarter worth approximately $51,000. Venturi Wealth Management LLC boosted its position in Chord Energy by 1,751.9% in the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company’s stock valued at $58,000 after buying an additional 473 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Chord Energy in the fourth quarter worth $77,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Stock Performance

NASDAQ CHRD opened at $114.30 on Friday. The company has a fifty day moving average of $116.36 and a two-hundred day moving average of $127.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. Chord Energy Co. has a 1 year low of $107.24 and a 1 year high of $190.23. The company has a market capitalization of $6.99 billion, a PE ratio of 5.89, a P/E/G ratio of 5.83 and a beta of 0.98.

Chord Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend payout ratio (DPR) is currently 31.37%.

Analyst Ratings Changes

CHRD has been the topic of several analyst reports. Mizuho reduced their price objective on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Bank of America reaffirmed a “neutral” rating and issued a $138.00 price target (down previously from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. Truist Financial boosted their price objective on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Piper Sandler reduced their target price on shares of Chord Energy from $194.00 to $193.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target for the company in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.92.

Insiders Place Their Bets

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction on Monday, December 16th. The shares were sold at an average price of $116.35, for a total value of $116,350.00. Following the transaction, the chief accounting officer now directly owns 19,488 shares in the company, valued at approximately $2,267,428.80. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.