Chord Energy Co. (NASDAQ:CHRD) Holdings Raised by First Trust Advisors LP

First Trust Advisors LP raised its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 31.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 415,219 shares of the company's stock after acquiring an additional 100,197 shares during the period. First Trust Advisors LP owned approximately 0.68% of Chord Energy worth $48,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in shares of Chord Energy in the fourth quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new stake in shares of Chord Energy during the fourth quarter worth $29,000. Twin Tree Management LP purchased a new position in Chord Energy in the 4th quarter worth approximately $33,000. Larson Financial Group LLC increased its position in Chord Energy by 238.3% during 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 during the last quarter. Finally, R Squared Ltd acquired a new position in Chord Energy in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 97.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Bank of America upgraded Chord Energy from a "neutral" rating to a "buy" rating and set a $114.00 target price on the stock in a research report on Tuesday. Wells Fargo & Company lowered their price target on Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Williams Trading set a $155.00 target price on Chord Energy in a research report on Wednesday, March 5th. Citigroup lowered their price objective on Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Wolfe Research upgraded shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price target for the company in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.08.

Chord Energy Trading Down 1.0 %

CHRD traded down $0.91 during trading on Tuesday, hitting $94.00. 101,317 shares of the company's stock were exchanged, compared to its average volume of 971,477. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.59 billion, a P/E ratio of 4.84, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96. The stock has a 50 day moving average price of $102.04 and a 200 day moving average price of $114.83. Chord Energy Co. has a 1 year low of $79.83 and a 1 year high of $188.02.

Chord Energy Increases Dividend

The business also recently declared 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. 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 5.53%. This is an increase from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio (DPR) is presently 32.62%.

About Chord Energy

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.