Chord Energy Co. (NASDAQ:CHRD) Position Increased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Chord Energy Co. (NASDAQ:CHRD) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,864,456 shares of the company’s stock after acquiring an additional 619,021 shares during the period. Victory Capital Management Inc. owned about 4.69% of Chord Energy worth $334,912,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CHRD. Charles Schwab Investment Management Inc. grew its position in Chord Energy by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 497,073 shares of the company’s stock worth $58,118,000 after purchasing an additional 39,401 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Chord Energy during the fourth quarter valued at $99,000. Factorial Partners LLC lifted its stake in Chord Energy by 85.5% in the 4th quarter. Factorial Partners LLC now owns 51,000 shares of the company’s stock worth $5,963,000 after acquiring an additional 23,500 shares in the last quarter. Fisher Asset Management LLC boosted its position in Chord Energy by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 86,198 shares of the company’s stock worth $10,078,000 after acquiring an additional 1,421 shares during the period. Finally, Anchor Capital Advisors LLC grew its stake in Chord Energy by 1.4% during the 4th quarter. Anchor Capital Advisors LLC now owns 231,936 shares of the company’s stock valued at $27,118,000 after acquiring an additional 3,207 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Stock Down 1.8 %

Shares of CHRD stock opened at $104.13 on Wednesday. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 5.36, a PEG 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. The stock’s 50 day simple moving average is $116.32 and its 200 day simple moving average is $126.09. Chord Energy Co. has a twelve month low of $100.58 and a twelve month high of $190.23.

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 paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.99%. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, March 11th. Chord Energy’s payout ratio is presently 32.62%.

Analyst Ratings Changes

CHRD has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on shares of Chord Energy from $194.00 to $193.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Wolfe Research raised shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price for the company in a research note on Friday, January 3rd. Bank of America reaffirmed a “neutral” rating and issued a $138.00 price target (down from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. Wells Fargo & Company reduced their price objective on Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Finally, Truist Financial upped their target price on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $166.17.

Insider Buying and Selling

In other news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $116.35, for a total value of $116,350.00. Following the transaction, the chief accounting officer now directly owns 19,488 shares in the company, valued at approximately $2,267,428.80. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by insiders.

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.