Oregon Public Employees Retirement Fund Sells 100 Shares of Chord Energy Co. (NASDAQ:CHRD)

Oregon Public Employees Retirement Fund reduced its stake in Chord Energy Co. (NASDAQ:CHRD) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,467 shares of the company’s stock after selling 100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Chord Energy were worth $1,458,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. South Dakota Investment Council raised its stake in Chord Energy by 26.2% in the fourth quarter. South Dakota Investment Council now owns 115,302 shares of the company’s stock worth $13,481,000 after buying an additional 23,952 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Chord Energy during the fourth quarter valued at approximately $77,000. TCW Group Inc. grew its holdings in shares of Chord Energy by 9.2% during the fourth quarter. TCW Group Inc. now owns 36,640 shares of the company’s stock valued at $4,284,000 after buying an additional 3,100 shares during the last quarter. Callan Capital LLC purchased a new stake in shares of Chord Energy during the fourth quarter valued at approximately $212,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Chord Energy by 1,751.9% during the fourth 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 last quarter. 97.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wolfe Research upgraded shares of 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. UBS Group lowered their price objective on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Piper Sandler lowered their price objective on shares of Chord Energy from $194.00 to $193.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada lowered their price objective 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. Finally, Mizuho lowered their price objective on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.92.

Insider Activity

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,488 shares of the company’s stock, valued at approximately $2,267,428.80. This trade represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Chord Energy Stock Up 0.5 %

Shares of CHRD stock opened at $114.30 on Friday. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a one year low of $107.24 and a one year high of $190.23. The company’s fifty day moving average price is $116.36 and its 200-day moving average price is $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 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 given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.55%. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, March 11th. Chord Energy’s dividend payout ratio (DPR) is presently 31.37%.

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.