Guggenheim Capital LLC Sells 3,533 Shares of Chord Energy Co. (NASDAQ:CHRD)

Guggenheim Capital LLC lessened its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,853 shares of the company's stock after selling 3,533 shares during the quarter. Guggenheim Capital LLC's holdings in Chord Energy were worth $2,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brooklyn Investment Group purchased a new position in Chord Energy in the 4th quarter worth approximately $29,000. Twin Tree Management LP purchased a new position in shares of Chord Energy during the 4th quarter valued at $33,000. Larson Financial Group LLC grew its position in shares of 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 in the last quarter. R Squared Ltd purchased a new position in shares of Chord Energy in the fourth quarter worth $51,000. Finally, Venturi Wealth Management LLC grew its holdings in Chord Energy by 1,751.9% during the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company's stock valued at $58,000 after buying an additional 473 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CHRD. Citigroup lowered their target price on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a report on Monday, April 7th. Wells Fargo & Company decreased their price objective on Chord Energy from $166.00 to $158.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada cut their target price on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Truist Financial lifted their target price on shares of Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Finally, Williams Trading set a $155.00 price target on shares of Chord Energy in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chord Energy has a consensus rating of "Moderate Buy" and a consensus target price of $156.92.

Chord Energy Price Performance

CHRD traded up $0.52 during trading on Friday, reaching $95.27. The stock had a trading volume of 93,682 shares, compared to its average volume of 912,616. The stock has a 50 day moving average of $103.10 and a two-hundred day moving average of $115.93. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 4.91, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a 1-year low of $79.83 and a 1-year high of $188.02. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a $1.30 dividend. This is an increase from Chord Energy's previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend was Tuesday, March 11th. Chord Energy's dividend payout ratio (DPR) is 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.