197,879 Shares in Chord Energy Co. (NASDAQ:CHRD) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in Chord Energy Co. (NASDAQ:CHRD) during the fourth quarter, HoldingsChannel reports. The fund acquired 197,879 shares of the company’s stock, valued at approximately $23,136,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Chord Energy by 11.5% in the 4th quarter. FMR LLC now owns 3,814,384 shares of the company’s stock valued at $445,978,000 after purchasing an additional 394,372 shares during the period. Victory Capital Management Inc. increased its holdings in Chord Energy by 27.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock valued at $334,912,000 after purchasing an additional 619,021 shares during the last quarter. Boston Partners lifted its stake in Chord Energy by 5.6% in the fourth quarter. Boston Partners now owns 2,186,483 shares of the company’s stock valued at $255,684,000 after buying an additional 115,215 shares during the period. Pacer Advisors Inc. boosted its holdings in Chord Energy by 50.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock worth $218,892,000 after buying an additional 627,122 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Chord Energy by 15.0% during the 4th quarter. American Century Companies Inc. now owns 1,116,073 shares of the company’s stock worth $130,491,000 after buying an additional 145,627 shares during the period. 97.76% of the stock is owned by institutional investors.

Chord Energy Stock Performance

CHRD opened at $94.62 on Friday. 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 company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 4.87, a P/E/G ratio of 5.83 and a beta of 0.96. The business’s 50-day moving average price is $102.43 and its two-hundred day moving average price is $115.36. Chord Energy Co. has a 1 year low of $79.83 and a 1 year high of $188.02.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend payout ratio (DPR) is currently 32.62%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CHRD. Wells Fargo & Company cut 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. Wolfe Research upgraded shares of 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. 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, March 26th. Royal Bank of Canada dropped their price objective on Chord Energy from $165.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, Piper Sandler decreased their target price on Chord Energy from $184.00 to $183.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.92.

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.