Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC reduced its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 26.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,069 shares of the company's stock after selling 2,871 shares during the quarter. Nebula Research & Development LLC's holdings in Chord Energy were worth $943,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Barclays PLC grew its position in Chord Energy by 3.7% during the 3rd quarter. Barclays PLC now owns 64,711 shares of the company's stock worth $8,427,000 after purchasing an additional 2,318 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of Chord Energy by 14.9% during the third quarter. Synovus Financial Corp now owns 5,869 shares of the company's stock worth $764,000 after buying an additional 761 shares during the last quarter. Franklin Resources Inc. increased its position in Chord Energy by 72.5% in the 3rd quarter. Franklin Resources Inc. now owns 27,434 shares of the company's stock valued at $3,631,000 after acquiring an additional 11,527 shares during the period. Kings Path Partners LLC acquired a new stake in Chord Energy during the 4th quarter worth approximately $117,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Chord Energy by 5.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,622 shares of the company's stock valued at $657,000 after purchasing an additional 284 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CHRD. Williams Trading set a $155.00 price objective on shares of Chord Energy in a research note on Wednesday, March 5th. Piper Sandler dropped their target price on Chord Energy from $184.00 to $183.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial raised their price target on Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a report on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of Chord Energy from $166.00 to $158.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Wolfe Research raised shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 target price for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chord Energy currently has an average rating of "Moderate Buy" and a consensus target price of $156.08.

Chord Energy Price Performance

NASDAQ:CHRD traded up $1.20 during trading hours on Friday, reaching $93.28. 699,183 shares of the company traded hands, compared to its average volume of 974,306. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The firm's 50-day moving average is $100.48 and its 200-day moving average is $114.01. The stock has a market cap of $5.55 billion, a P/E ratio of 4.80, a P/E/G 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.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date was Tuesday, March 11th. This is a boost from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio (DPR) is currently 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.