Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 31.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,219 shares of the company’s stock after purchasing an additional 100,197 shares during the period. First Trust Advisors LP owned approximately 0.68% of Chord Energy worth $48,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRD. Altshuler Shaham Ltd acquired a new stake in shares of Chord Energy during the fourth quarter valued at about $25,000. Brooklyn Investment Group purchased a new position in Chord Energy in the fourth quarter valued at about $29,000. Twin Tree Management LP acquired a new stake in Chord Energy during the 4th quarter valued at approximately $33,000. Larson Financial Group LLC increased its holdings in Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after purchasing an additional 224 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Chord Energy in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Price Performance

Shares of NASDAQ CHRD opened at $92.90 on Thursday. Chord Energy Co. has a 1-year low of $79.83 and a 1-year high of $188.02. The firm has a market capitalization of $5.53 billion, a PE ratio of 4.78, a P/E/G ratio of 5.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The business’s fifty day moving average price is $103.46 and its two-hundred day moving average price is $116.09.

Chord Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $1.30 dividend. The ex-dividend date was Tuesday, March 11th. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 5.60%. Chord Energy’s dividend payout ratio (DPR) is currently 32.62%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CHRD. Royal Bank of Canada dropped their price target on shares of Chord Energy from $165.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Citigroup cut their target price on shares of Chord Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company reduced their price target on shares of Chord Energy from $166.00 to $158.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Truist Financial boosted their price objective on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Wolfe Research raised Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chord Energy has a consensus rating of “Moderate Buy” and a consensus target price of $156.92.

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.