TD Private Client Wealth LLC Has $108,000 Stock Position in Chord Energy Co. (NASDAQ:CHRD)

TD Private Client Wealth LLC lessened its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 43.4% during the 4th quarter, HoldingsChannel reports. The fund owned 923 shares of the company’s stock after selling 708 shares during the quarter. TD Private Client Wealth LLC’s holdings in Chord Energy were worth $108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in Chord Energy in the third quarter valued at approximately $26,000. Brooklyn Investment Group bought a new position in shares of Chord Energy in the 4th quarter worth $29,000. Twin Tree Management LP acquired a new stake in shares of Chord Energy during the fourth quarter worth $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 valued at $37,000 after purchasing an additional 224 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Chord Energy in the fourth quarter valued at about $51,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CHRD. Citigroup cut Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. Mizuho dropped their price objective on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company lowered their price objective on shares of Chord Energy from $175.00 to $166.00 and set an “overweight” rating for the company in a research report on Monday. Williams Trading set a $155.00 price objective on Chord Energy in a report on Wednesday, March 5th. Finally, Morgan Stanley assumed coverage on Chord Energy in a research note on Friday, January 10th. They issued an “equal weight” rating and a $158.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and an average price target of $163.92.

Chord Energy Stock Performance

NASDAQ CHRD opened at $112.60 on Wednesday. The company has a market capitalization of $6.71 billion, a P/E ratio of 5.80, a P/E/G ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a 12-month low of $99.40 and a 12-month high of $190.23. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $112.66 and a two-hundred day moving average price of $121.74.

Chord Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, March 11th. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 4.62%. Chord Energy’s dividend 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.