Signaturefd LLC Raises Position in Chord Energy Co. (NASDAQ:CHRD)

Signaturefd LLC lifted its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,046 shares of the company’s stock after acquiring an additional 177 shares during the quarter. Signaturefd LLC’s holdings in Chord Energy were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Stone House Investment Management LLC acquired a new stake in Chord Energy in the third quarter valued at approximately $26,000. Brooklyn Investment Group acquired a new stake in shares of Chord Energy in the 4th quarter valued at $29,000. Twin Tree Management LP acquired a new stake in shares of Chord Energy in the 4th quarter valued at $33,000. Larson Financial Group LLC lifted its position in shares of Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after purchasing an additional 224 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Chord Energy during the fourth quarter worth $51,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Mizuho decreased their price target on Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Williams Trading set a $155.00 price target on shares of Chord Energy in a research note on Wednesday, March 5th. Piper Sandler reduced their price objective on shares of Chord Energy from $193.00 to $184.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Truist Financial increased their target price on shares of Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, UBS Group reduced their price target on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.62.

Chord Energy Stock Down 1.0 %

Chord Energy stock opened at $109.71 on Friday. The stock has a 50 day moving average of $112.92 and a two-hundred day moving average of $122.16. Chord Energy Co. has a twelve month low of $99.40 and a twelve month high of $190.23. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 5.65, a PEG ratio of 5.83 and a beta of 0.98. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.74%. This is a positive change 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 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.