Aigen Investment Management LP Acquires Shares of 16,752 Chord Energy Co. (NASDAQ:CHRD)

Aigen Investment Management LP acquired a new stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,752 shares of the company's stock, valued at approximately $2,785,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRD. FMR LLC grew its stake in shares of Chord Energy by 12.9% in the third quarter. FMR LLC now owns 3,185,243 shares of the company's stock valued at $516,232,000 after acquiring an additional 364,673 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Chord Energy by 158.5% in the third quarter. American Century Companies Inc. now owns 483,447 shares of the company's stock valued at $78,352,000 after acquiring an additional 296,443 shares in the last quarter. Boston Partners grew its stake in shares of Chord Energy by 50.8% in the fourth quarter. Boston Partners now owns 630,977 shares of the company's stock valued at $104,815,000 after acquiring an additional 212,463 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Chord Energy by 119.3% in the third quarter. AQR Capital Management LLC now owns 368,557 shares of the company's stock valued at $59,732,000 after acquiring an additional 200,502 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of Chord Energy in the fourth quarter valued at about $16,549,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Trading Up 0.7 %

NASDAQ CHRD traded up $1.26 during trading hours on Monday, reaching $181.85. The company's stock had a trading volume of 655,585 shares, compared to its average volume of 665,369. The firm has a fifty day simple moving average of $178.39 and a 200-day simple moving average of $166.81. The stock has a market cap of $7.58 billion, a P/E ratio of 8.53 and a beta of 1.07. Chord Energy Co. has a 52 week low of $142.02 and a 52 week high of $190.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.14 and a quick ratio of 1.07.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $5.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.75 by $0.35. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $771.87 million. Chord Energy had a net margin of 22.67% and a return on equity of 16.57%. The firm's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business earned $4.50 EPS. Equities analysts forecast that Chord Energy Co. will post 22.53 earnings per share for the current fiscal year.

Chord Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $2.94 per share. This represents a $11.76 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date is Tuesday, May 21st. Chord Energy's dividend payout ratio is presently 23.46%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Piper Sandler upped their price target on shares of Chord Energy from $230.00 to $231.00 and gave the company an "overweight" rating in a research note on Tuesday, May 14th. Mizuho upped their price objective on shares of Chord Energy from $195.00 to $214.00 and gave the stock a "buy" rating in a research report on Monday, May 13th. Royal Bank of Canada upped their price objective on shares of Chord Energy from $180.00 to $200.00 and gave the stock an "outperform" rating in a research report on Monday, April 29th. Truist Financial cut their price objective on shares of Chord Energy from $229.00 to $224.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Finally, Stifel Nicolaus upped their price objective on shares of Chord Energy from $178.00 to $211.00 and gave the stock a "buy" rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.50.

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.

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