Yousif Capital Management LLC Sells 1,225 Shares of Chord Energy Co. (NASDAQ:CHRD)

Yousif Capital Management LLC lessened its stake in shares of Chord Energy Co. (NASDAQ:CHRD) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,444 shares of the company’s stock after selling 1,225 shares during the quarter. Yousif Capital Management LLC’s holdings in Chord Energy were worth $2,507,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CHRD. Sanctuary Advisors LLC bought a new position in Chord Energy in the second quarter worth approximately $788,000. GAMMA Investing LLC raised its position in shares of Chord Energy by 30.6% during the third quarter. GAMMA Investing LLC now owns 414 shares of the company’s stock worth $54,000 after purchasing an additional 97 shares during the period. UMB Bank n.a. lifted its holdings in shares of Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock worth $30,000 after purchasing an additional 101 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. acquired a new stake in Chord Energy in the 3rd quarter valued at $12,152,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Chord Energy during the 3rd quarter valued at $467,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Price Performance

Shares of NASDAQ:CHRD opened at $109.38 on Monday. Chord Energy Co. has a fifty-two week low of $107.24 and a fifty-two week high of $190.23. The company’s 50-day moving average is $118.26 and its 200 day moving average is $131.44. 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 company has a market capitalization of $6.69 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 5.46 and a beta of 0.98.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s dividend payout ratio is currently 25.75%.

Analyst Ratings Changes

A number of research analysts have weighed in on CHRD shares. UBS Group dropped their price objective on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. Mizuho cut their price target 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. Bank of America reissued a “neutral” rating and set a $138.00 price objective (down from $208.00) on shares of Chord Energy in a report on Monday, January 13th. Truist Financial raised their target price on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Morgan Stanley began coverage on Chord Energy in a report on Friday, January 10th. They set an “equal weight” rating and a $158.00 price target for the company. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.08.

Insider Transactions at Chord Energy

In related 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 completion of the sale, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at approximately $2,267,428.80. This trade represents a 4.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

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.