Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP boosted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 164.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 334,641 shares of the company's stock after purchasing an additional 208,170 shares during the quarter. Marshall Wace LLP owned approximately 0.55% of Chord Energy worth $39,126,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHRD. Pacer Advisors Inc. grew its stake in Chord Energy by 50.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock valued at $218,892,000 after acquiring an additional 627,122 shares during the period. Victory Capital Management Inc. raised its position in shares of Chord Energy by 27.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock worth $334,912,000 after purchasing an additional 619,021 shares during the last quarter. FMR LLC lifted its stake in Chord Energy by 11.5% in the 4th quarter. FMR LLC now owns 3,814,384 shares of the company's stock valued at $445,978,000 after buying an additional 394,372 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Chord Energy in the 4th quarter worth about $29,984,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Chord Energy by 30.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 744,309 shares of the company's stock worth $88,459,000 after acquiring an additional 172,196 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CHRD shares. Bank of America decreased their price target on shares of Chord Energy from $138.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley set a $139.00 price target on Chord Energy and gave the company a "cautious" rating in a research note on Wednesday, March 26th. Wells Fargo & Company reduced 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. Citigroup dropped their price target on shares of 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, Royal Bank of Canada lowered their price objective on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.92.

Chord Energy Price Performance

CHRD stock traded down $1.32 on Wednesday, reaching $92.97. 221,811 shares of the company's stock were exchanged, compared to its average volume of 968,341. 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 Co. has a twelve month low of $79.83 and a twelve month high of $188.02. The firm has a market cap of $5.53 billion, a PE ratio of 4.79, a P/E/G ratio of 5.83 and a beta of 0.96. The stock has a fifty day moving average of $103.46 and a 200-day moving average of $116.09.

Chord Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were issued a $1.30 dividend. 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 5.59%. Chord Energy's dividend payout ratio (DPR) is 32.62%.

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.