5,424 Shares in Chord Energy Co. (NASDAQ:CHRD) Purchased by AIA Group Ltd

AIA Group Ltd acquired a new stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,424 shares of the company's stock, valued at approximately $902,000.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Chord Energy by 50.4% in the 1st quarter. BlackRock Inc. now owns 4,888,058 shares of the company's stock valued at $657,933,000 after purchasing an additional 1,638,278 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Chord Energy by 514.8% in the 1st quarter. First Trust Advisors LP now owns 1,477,124 shares of the company's stock valued at $198,821,000 after purchasing an additional 1,236,882 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of Chord Energy in the 4th quarter valued at about $59,579,000. FMR LLC raised its holdings in shares of Chord Energy by 12.9% in the 3rd quarter. FMR LLC now owns 3,185,243 shares of the company's stock valued at $516,232,000 after purchasing an additional 364,673 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Chord Energy by 22.5% in the 1st quarter. State Street Corp now owns 1,903,685 shares of the company's stock valued at $256,236,000 after purchasing an additional 349,592 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Michael H. Lou sold 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $165.00, for a total value of $495,000.00. Following the transaction, the chief financial officer now owns 128,209 shares in the company, valued at approximately $21,154,485. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company's stock.

Chord Energy Stock Up 0.8 %

Shares of CHRD traded up $1.35 during mid-day trading on Friday, hitting $180.00. 487,839 shares of the company traded hands, compared to its average volume of 653,566. Chord Energy Co. has a 1-year low of $133.34 and a 1-year high of $190.23. The company has a quick ratio of 1.16, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.48 billion, a PE ratio of 7.65 and a beta of 1.06. The business has a 50 day moving average of $170.56 and a 200 day moving average of $164.54.

Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.21. Chord Energy had a net margin of 26.27% and a return on equity of 16.35%. The firm had revenue of $964.69 million for the quarter, compared to the consensus estimate of $891.67 million. Equities research analysts anticipate that Chord Energy Co. will post 21.71 EPS for the current year.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th were issued a dividend of $3.25 per share. The ex-dividend date was Monday, March 4th. This represents a $13.00 annualized dividend and a dividend yield of 7.22%. This is an increase from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio is 21.25%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CHRD. Stifel Nicolaus boosted their price target on shares of Chord Energy from $178.00 to $211.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Truist Financial reduced their price target on shares of Chord Energy from $229.00 to $224.00 and set a "buy" rating for the company in a report on Friday, April 5th. Bank of America downgraded shares of Chord Energy from a "buy" rating to an "underperform" rating and lowered their target price for the company from $177.00 to $165.00 in a research note on Friday, January 5th. Piper Sandler upped their price target on Chord Energy from $219.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Mizuho increased their price objective on Chord Energy from $189.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $191.50.

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.