Chord Energy Co. (NASDAQ:CHRD) Shares Bought by South Dakota Investment Council

South Dakota Investment Council raised its position in Chord Energy Co. (NASDAQ:CHRD) by 26.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 115,302 shares of the company’s stock after purchasing an additional 23,952 shares during the period. South Dakota Investment Council owned about 0.19% of Chord Energy worth $13,481,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in shares of Chord Energy during the third quarter valued at $26,000. Brooklyn Investment Group acquired a new stake in shares of Chord Energy during the fourth quarter valued at $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chord Energy during the third quarter valued at $47,000. R Squared Ltd acquired a new stake in shares of Chord Energy during the fourth quarter valued at $51,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Chord Energy by 1,751.9% during the fourth quarter. Venturi Wealth Management LLC now owns 500 shares of the company’s stock valued at $58,000 after acquiring an additional 473 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Buying and Selling

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the transaction, the chief accounting officer now owns 19,488 shares in the company, valued at approximately $2,267,428.80. The trade was a 4.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial increased their price objective on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Bank of America reissued 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 decreased their price target on Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Mizuho decreased their price target on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Morgan Stanley started coverage on Chord Energy in a research note on Friday, January 10th. They issued an “equal weight” rating and a $158.00 price target on the stock. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $173.08.

Chord Energy Stock Performance

Shares of CHRD opened at $111.68 on Friday. Chord Energy Co. has a 52-week low of $107.24 and a 52-week high of $190.23. 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 firm has a market cap of $6.83 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 5.83 and a beta of 0.98. The business’s 50 day moving average is $116.50 and its two-hundred day moving average is $128.01.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 4.48%. Chord Energy’s payout ratio is currently 25.75%.

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.