Chord Energy Co. (NASDAQ:CHRD) Holdings Lifted by Ninepoint Partners LP

Ninepoint Partners LP increased its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Chord Energy accounts for approximately 1.9% of Ninepoint Partners LP’s holdings, making the stock its 12th biggest position. Ninepoint Partners LP’s holdings in Chord Energy were worth $12,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Chord Energy by 2.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company’s stock valued at $434,000 after buying an additional 106 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of Chord Energy during the fourth quarter valued at $1,191,000. Catalyst Funds Management Pty Ltd purchased a new position in shares of Chord Energy during the fourth quarter valued at $1,087,000. Madison Investment Advisors LLC purchased a new position in shares of Chord Energy during the fourth quarter valued at $4,103,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Chord Energy during the fourth quarter valued at $201,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Insider Transactions at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,267,428.80. The trade was a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Chord Energy Stock Performance

CHRD opened at $106.21 on Friday. The company has a market cap of $6.33 billion, a PE ratio of 5.47, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The stock has a 50-day moving average of $114.24 and a 200-day moving average of $123.33. Chord Energy Co. has a 52-week low of $99.40 and a 52-week high of $190.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93.

Chord Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Tuesday, March 11th. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend payout ratio is 32.62%.

Analyst Ratings Changes

CHRD has been the topic of a number of research analyst reports. Citigroup downgraded Chord Energy to a “reduce” rating in a report on Wednesday, March 5th. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a research note on Friday, January 3rd. Truist Financial boosted their target price on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, January 13th. UBS Group lowered their target price on Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. Finally, Royal Bank of Canada lowered their target price on Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and an average price target of $164.62.

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.