Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in Chord Energy Co. (NASDAQ:CHRD) by 147.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,773 shares of the company’s stock after buying an additional 20,114 shares during the quarter. Advisors Asset Management Inc. owned 0.06% of Chord Energy worth $3,949,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC increased its stake in shares of Chord Energy by 2.2% in the 3rd quarter. FMR LLC now owns 3,420,012 shares of the company’s stock valued at $445,388,000 after purchasing an additional 74,165 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Chord Energy by 27.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock valued at $334,912,000 after purchasing an additional 619,021 shares in the last quarter. State Street Corp increased its stake in shares of Chord Energy by 0.9% in the 3rd quarter. State Street Corp now owns 2,485,777 shares of the company’s stock valued at $323,723,000 after purchasing an additional 22,753 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Chord Energy by 50.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock valued at $218,892,000 after purchasing an additional 627,122 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Chord Energy by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock valued at $151,077,000 after purchasing an additional 34,156 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Price Performance

CHRD stock opened at $110.79 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The business has a 50 day simple moving average of $113.21 and a 200-day simple moving average of $122.43. The firm has a market capitalization of $6.61 billion, a PE ratio of 5.70, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a 1 year low of $99.40 and a 1 year high of $190.23.

Chord Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a $1.30 dividend. 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 4.69%. Chord Energy’s dividend payout ratio is 32.62%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial lifted their price target on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Morgan Stanley began coverage on Chord Energy in a research note on Friday, January 10th. They set an “equal weight” rating and a $158.00 price objective for the company. Mizuho cut their price objective on Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Citigroup lowered Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. Finally, Bank of America reiterated a “neutral” rating and set a $138.00 price objective (down from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.62.

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.