Teacher Retirement System of Texas Purchases Shares of 25,430 Chord Energy Co. (NASDAQ:CHRD)

Teacher Retirement System of Texas acquired a new position in shares of Chord Energy Co. (NASDAQ:CHRD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,430 shares of the company’s stock, valued at approximately $2,973,000.

A number of other large investors have also recently made changes to their positions in the company. Merit Financial Group LLC acquired a new position in Chord Energy during the 4th quarter worth approximately $553,000. Geode Capital Management LLC grew its stake in shares of Chord Energy by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock worth $151,077,000 after purchasing an additional 34,156 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in Chord Energy by 55.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company’s stock valued at $2,542,000 after buying an additional 7,743 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. raised its stake in Chord Energy by 3.5% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 92,211 shares of the company’s stock valued at $11,596,000 after buying an additional 3,151 shares in the last quarter. Finally, Kore Advisors LP purchased a new stake in Chord Energy during the 3rd quarter worth about $4,428,000. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHRD has been the topic of a number of recent analyst reports. Williams Trading set a $155.00 price objective on Chord Energy in a report on Wednesday, March 5th. Truist Financial increased their price target on shares of 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 started 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 for the company. Piper Sandler dropped their target price on shares of Chord Energy from $193.00 to $184.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Finally, Mizuho reduced their price target on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chord Energy has a consensus rating of “Moderate Buy” and an average price target of $163.92.

Chord Energy Stock Down 0.2 %

Shares of NASDAQ:CHRD opened at $112.60 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $6.71 billion, a P/E ratio of 5.80, a P/E/G ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a 52-week low of $99.40 and a 52-week high of $190.23. The stock’s fifty day simple moving average is $112.66 and its 200-day simple moving average is $121.74.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.62%. 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 is 32.62%.

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.