Segall Bryant & Hamill LLC Has $11.18 Million Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Segall Bryant & Hamill LLC boosted its stake in Chord Energy Co. (NASDAQ:CHRD) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,643 shares of the company’s stock after acquiring an additional 9,897 shares during the period. Segall Bryant & Hamill LLC owned 0.16% of Chord Energy worth $11,183,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in Chord Energy during the third quarter valued at $26,000. Brooklyn Investment Group bought a new stake in shares of Chord Energy during the 4th quarter valued at about $29,000. Twin Tree Management LP acquired a new stake in Chord Energy during the fourth quarter worth approximately $33,000. Larson Financial Group LLC increased its holdings in Chord Energy by 238.3% in the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after purchasing an additional 224 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Chord Energy in the fourth quarter valued at approximately $51,000. Institutional investors own 97.76% of the company’s stock.

Chord Energy Trading Down 0.2 %

Shares of Chord Energy stock opened at $112.60 on Wednesday. The company has a market capitalization of $6.71 billion, a P/E ratio of 5.80, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The stock has a fifty day simple moving average of $112.66 and a 200 day simple moving average of $121.74. Chord Energy Co. has a 12-month low of $99.40 and a 12-month high of $190.23. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a $1.30 dividend. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $5.20 annualized dividend and a dividend yield of 4.62%. Chord Energy’s dividend payout ratio is presently 32.62%.

Analyst Upgrades and Downgrades

CHRD has been the subject of several research analyst reports. Citigroup lowered shares of Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. Piper Sandler decreased their price target on shares of Chord Energy from $193.00 to $184.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Mizuho cut their price objective on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price for the company in a research note on Friday, January 3rd. Finally, Truist Financial upped their price target on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chord Energy presently has a consensus rating of “Moderate Buy” and an average target price of $163.92.

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.