New Age Alpha Advisors LLC Takes Position in Chord Energy Co. (NASDAQ:CHRD)

New Age Alpha Advisors LLC bought a new position in Chord Energy Co. (NASDAQ:CHRD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,377 shares of the company’s stock, valued at approximately $1,564,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delta Capital Management LLC boosted its stake in shares of Chord Energy by 4.3% during the fourth quarter. Delta Capital Management LLC now owns 2,200 shares of the company’s stock valued at $257,000 after acquiring an additional 90 shares during the last quarter. Gables Capital Management Inc. boosted its position in Chord Energy by 6.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,550 shares of the company’s stock worth $181,000 after acquiring an additional 100 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Chord Energy by 2.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company’s stock worth $434,000 after acquiring an additional 106 shares during the period. Exchange Traded Concepts LLC raised its holdings in Chord Energy by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company’s stock valued at $718,000 after acquiring an additional 110 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Chord Energy by 4.0% during the fourth quarter. Blue Trust Inc. now owns 3,334 shares of the company’s stock worth $390,000 after purchasing an additional 128 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CHRD shares. Wells Fargo & Company reduced their price objective on Chord Energy from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Citigroup lowered Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. Williams Trading set a $155.00 target price on Chord Energy in a research note on Wednesday, March 5th. Morgan Stanley set a $139.00 price target on shares of Chord Energy and gave the company a “cautious” rating in a report on Wednesday. Finally, Mizuho cut their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.46.

Chord Energy Trading Down 0.4 %

Shares of CHRD stock opened at $111.73 on Monday. 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 firm has a fifty day moving average of $111.53 and a 200-day moving average of $121.24. Chord Energy Co. has a 52-week low of $99.40 and a 52-week high of $190.23. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 5.75, a P/E/G ratio of 5.83 and a beta of 0.98.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.65%. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, March 11th. Chord Energy’s payout ratio is presently 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.