Sei Investments Co. Has $26.43 Million Holdings in Chord Energy Co. (NASDAQ:CHRD)

Sei Investments Co. lessened its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,050 shares of the company’s stock after selling 9,032 shares during the quarter. Sei Investments Co.’s holdings in Chord Energy were worth $26,430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRD. Pacer Advisors Inc. raised its stake in shares of Chord Energy by 50.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock worth $218,892,000 after purchasing an additional 627,122 shares during the period. Victory Capital Management Inc. increased its position in shares of Chord Energy by 27.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock worth $334,912,000 after purchasing an additional 619,021 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Chord Energy by 143.8% during the third quarter. Point72 Asset Management L.P. now owns 880,787 shares of the company’s stock worth $114,705,000 after purchasing an additional 519,547 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Chord Energy in the 4th quarter valued at $29,984,000. Finally, Allspring Global Investments Holdings LLC grew its position in Chord Energy by 30.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 744,309 shares of the company’s stock worth $88,459,000 after acquiring an additional 172,196 shares during the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Stock Down 0.2 %

Chord Energy stock opened at $112.60 on Wednesday. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 5.80, a price-to-earnings-growth 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 fifty-two week low of $99.40 and a fifty-two week high of $190.23. The stock’s fifty day moving average is $112.66 and its two-hundred day moving average is $121.74.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders 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 dividend yield of 4.62%. The ex-dividend date is Tuesday, March 11th. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s payout ratio is currently 32.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHRD. Bank of America restated a “neutral” rating and set a $138.00 target price (down previously from $208.00) on shares of Chord Energy in a report on Monday, January 13th. Morgan Stanley assumed coverage on shares of Chord Energy in a research report on Friday, January 10th. They set an “equal weight” rating and a $158.00 price objective on the stock. Wolfe Research raised shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price objective for the company in a research report on Friday, January 3rd. Citigroup lowered Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company decreased their target price on Chord Energy from $175.00 to $166.00 and set an “overweight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.92.

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.