XTX Topco Ltd Boosts Holdings in Chord Energy Co. (NASDAQ:CHRD)

XTX Topco Ltd grew its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 126.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,336 shares of the company's stock after acquiring an additional 4,099 shares during the quarter. XTX Topco Ltd's holdings in Chord Energy were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in Chord Energy by 11.5% during the fourth quarter. FMR LLC now owns 3,814,384 shares of the company's stock worth $445,978,000 after buying an additional 394,372 shares during the last quarter. Victory Capital Management Inc. increased its stake 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. Boston Partners raised its holdings in shares of Chord Energy by 5.6% in 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 during the period. Pacer Advisors Inc. lifted its stake in Chord Energy by 50.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock valued at $218,892,000 after purchasing an additional 627,122 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Chord Energy by 15.0% during the fourth quarter. American Century Companies Inc. now owns 1,116,073 shares of the company's stock valued at $130,491,000 after purchasing an additional 145,627 shares during the period. Institutional investors own 97.76% of the company's stock.

Chord Energy Trading Up 2.3 %

Shares of CHRD traded up $2.13 during trading hours on Tuesday, hitting $94.97. The company had a trading volume of 93,349 shares, compared to its average volume of 967,911. The firm has a market cap of $5.65 billion, a P/E ratio of 4.89, a P/E/G ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a 52-week low of $79.83 and a 52-week high of $188.02. The stock's 50 day moving average price is $103.78 and its 200 day moving average price is $116.24. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date was Tuesday, March 11th. This is a positive change from Chord Energy's previous quarterly dividend of $1.25. Chord Energy's dividend payout ratio (DPR) is 32.62%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Chord Energy from $166.00 to $158.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Citigroup lowered their price target on shares of Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Royal Bank of Canada dropped their target price on Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Wolfe Research upgraded Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 target price for the company in a research note on Friday, January 3rd. Finally, Bank of America lowered their price target on shares of Chord Energy from $138.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, April 1st. 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $157.00.

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.