Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 108.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,150 shares of the company's stock after purchasing an additional 29,150 shares during the quarter. Treasurer of the State of North Carolina owned 0.09% of Chord Energy worth $6,565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of 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 during the period. Victory Capital Management Inc. lifted its holdings in Chord Energy by 27.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock valued at $334,912,000 after acquiring an additional 619,021 shares during the period. Boston Partners boosted its position in shares of Chord Energy by 5.6% during the 4th quarter. Boston Partners now owns 2,186,483 shares of the company's stock worth $255,684,000 after purchasing an additional 115,215 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Chord Energy by 50.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock worth $218,892,000 after purchasing an additional 627,122 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Chord Energy by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company's stock valued at $151,077,000 after purchasing an additional 34,156 shares in the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wolfe Research upgraded shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 target price on the stock in a research report on Friday, January 3rd. Truist Financial lifted their price objective on Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Bank of America dropped their price target on Chord Energy from $138.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, April 1st. Williams Trading set a $155.00 price objective on shares of Chord Energy in a research note on Wednesday, March 5th. Finally, Citigroup cut their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chord Energy presently has an average rating of "Moderate Buy" and a consensus price target of $157.00.

Chord Energy Trading Up 4.0 %

CHRD traded up $3.59 during trading on Friday, hitting $94.43. 767,619 shares of the company's stock were exchanged, compared to its average volume of 972,099. Chord Energy Co. has a 1 year low of $79.83 and a 1 year high of $188.02. The stock has a 50 day moving average price of $104.12 and a 200 day moving average price of $116.54. The firm has a market cap of $5.62 billion, a P/E ratio of 4.86, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 5.51%. Chord Energy's dividend payout ratio (DPR) is 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.