Susquehanna Fundamental Investments LLC Makes New Investment in Chord Energy Co. (NASDAQ:CHRD)

Susquehanna Fundamental Investments LLC bought a new position in Chord Energy Co. (NASDAQ:CHRD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 197,879 shares of the company's stock, valued at approximately $23,136,000. Susquehanna Fundamental Investments LLC owned about 0.32% of Chord Energy as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in Chord Energy during the 4th quarter worth about $25,000. Brooklyn Investment Group bought a new stake in Chord Energy during the 4th quarter worth about $29,000. Twin Tree Management LP bought a new stake in Chord Energy during the 4th quarter worth about $33,000. Larson Financial Group LLC grew its holdings in Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company's stock worth $37,000 after acquiring an additional 224 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Chord Energy during the 4th quarter worth about $51,000. Institutional investors own 97.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CHRD shares. Morgan Stanley set a $139.00 price objective on shares of Chord Energy and gave the stock a "cautious" rating in a report on Wednesday, March 26th. Williams Trading set a $155.00 target price on shares of Chord Energy in a research note on Wednesday, March 5th. Citigroup reduced their target price on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Piper Sandler cut their target price on shares of Chord Energy from $184.00 to $183.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada decreased their price target on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $156.08.

Chord Energy Stock Performance

NASDAQ:CHRD traded up $1.54 during mid-day trading on Thursday, hitting $91.77. The stock had a trading volume of 335,608 shares, compared to its average volume of 899,104. Chord Energy Co. has a twelve month low of $79.83 and a twelve month high of $188.02. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 4.73, a PEG ratio of 5.83 and a beta of 0.96. The company's 50 day simple moving average is $101.17 and its 200 day simple moving average is $114.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid 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 yield of 5.67%. The ex-dividend date was Tuesday, March 11th. 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.