Ceredex Value Advisors LLC Boosts Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Ceredex Value Advisors LLC increased its stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 22.8% 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 owned 105,000 shares of the company's stock after buying an additional 19,526 shares during the period. Ceredex Value Advisors LLC owned 0.17% of Chord Energy worth $12,277,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Delta Capital Management LLC grew its stake in Chord Energy by 4.3% in the fourth quarter. Delta Capital Management LLC now owns 2,200 shares of the company's stock worth $257,000 after purchasing an additional 90 shares during the period. Gables Capital Management Inc. lifted its position in Chord Energy by 6.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,550 shares of the company's stock valued at $181,000 after acquiring an additional 100 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Chord Energy by 2.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company's stock worth $434,000 after acquiring an additional 106 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Chord Energy by 1.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company's stock worth $718,000 after purchasing an additional 110 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Chord Energy by 4.0% during the fourth quarter. Blue Trust Inc. now owns 3,334 shares of the company's stock valued at $390,000 after purchasing an additional 128 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

Chord Energy Stock Performance

NASDAQ CHRD traded up $1.56 on Tuesday, reaching $94.40. 110,035 shares of the stock were exchanged, compared to its average volume of 967,982. The firm has a market capitalization of $5.62 billion, a PE ratio of 4.86, a PEG ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a one year low of $79.83 and a one year high of $188.02. The company's 50-day simple moving average is $103.78 and its two-hundred day simple moving average is $116.24. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, March 11th. This is a boost from Chord Energy's previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a yield of 5.51%. Chord Energy's dividend payout ratio (DPR) is currently 32.62%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CHRD shares. Morgan Stanley set a $139.00 target price on Chord Energy and gave the stock a "cautious" rating in a research note on Wednesday, March 26th. Williams Trading set a $155.00 target price on shares of Chord Energy in a research note on Wednesday, March 5th. Piper Sandler decreased their price objective on shares of Chord Energy from $193.00 to $184.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. 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. Finally, Royal Bank of Canada lowered their price target on Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. One equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average 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.