Aviva PLC Purchases New Holdings in Chord Energy Co. (NASDAQ:CHRD)

Aviva PLC bought a new stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,912 shares of the company's stock, valued at approximately $574,000.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Chord Energy in the 4th quarter worth $29,000. Twin Tree Management LP acquired a new stake in Chord Energy in the fourth quarter worth about $33,000. Larson Financial Group LLC boosted 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 acquiring an additional 224 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Chord Energy during the fourth quarter worth about $51,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Chord Energy by 1,751.9% during the fourth quarter. Venturi Wealth Management LLC now owns 500 shares of the company's stock valued at $58,000 after acquiring an additional 473 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Price Performance

NASDAQ CHRD traded up $3.50 during trading hours on Wednesday, reaching $91.90. The company's stock had a trading volume of 113,184 shares, compared to its average volume of 963,907. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 4.72, a P/E/G ratio of 5.83 and a beta of 0.96. The company's 50-day moving average is $105.26 and its two-hundred day moving average is $117.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. Chord Energy Co. has a 1-year low of $79.83 and a 1-year high of $188.02.

Chord Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $1.30 per share. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.66%. Chord Energy's dividend payout ratio (DPR) is 32.62%.

Analysts Set New Price Targets

CHRD has been the topic of several research analyst reports. Williams Trading set a $155.00 target price on shares of Chord Energy in a research report on Wednesday, March 5th. Piper Sandler cut their target price on Chord Energy from $193.00 to $184.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Bank of America lowered their price target on Chord Energy from $138.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, April 1st. Royal Bank of Canada cut their price objective on Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Citigroup decreased their target price on Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chord Energy presently has a consensus rating of "Moderate Buy" and an average price target of $157.00.

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.