Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Ninepoint Partners LP

Ninepoint Partners LP boosted its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 15.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,000 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. Chord Energy makes up approximately 1.9% of Ninepoint Partners LP’s holdings, making the stock its 12th largest position. Ninepoint Partners LP owned approximately 0.18% of Chord Energy worth $12,861,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in Chord Energy during the 3rd quarter valued at approximately $26,000. Brooklyn Investment Group acquired a new position in Chord Energy during the 4th quarter valued at approximately $29,000. Larson Financial Group LLC boosted its position in Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock valued at $37,000 after purchasing an additional 224 shares during the period. R Squared Ltd acquired a new position in Chord Energy during the 4th quarter worth $51,000. Finally, Venturi Wealth Management LLC boosted 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 acquiring an additional 473 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Williams Trading set a $155.00 price target on Chord Energy in a research report on Wednesday, March 5th. UBS Group reduced their price target 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. Truist Financial boosted their price target on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price target on Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Chord Energy presently has an average rating of “Moderate Buy” and an average target price of $164.62.

Chord Energy Stock Up 2.8 %

CHRD opened at $106.21 on Friday. The stock’s fifty day moving average is $114.24 and its 200-day moving average is $123.33. The company has a market capitalization of $6.33 billion, a PE ratio of 5.47, a P/E/G ratio of 5.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. 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 announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, March 11th. This is a positive change 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 4.90%. Chord Energy’s payout ratio is 32.62%.

Insider Transactions at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the sale, the chief accounting officer now directly owns 19,488 shares of the company’s stock, valued at $2,267,428.80. The trade was a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

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.