Chord Energy Co. (NASDAQ:CHRD) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its holdings in Chord Energy Co. (NASDAQ:CHRD) by 55.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,744 shares of the company’s stock after purchasing an additional 7,743 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Chord Energy were worth $2,542,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Delta Capital Management LLC lifted its holdings in shares of Chord Energy by 4.3% in the 4th quarter. Delta Capital Management LLC now owns 2,200 shares of the company’s stock valued at $257,000 after buying an additional 90 shares during the period. GAMMA Investing LLC lifted its holdings in Chord Energy by 30.6% in the third quarter. GAMMA Investing LLC now owns 414 shares of the company’s stock valued at $54,000 after acquiring an additional 97 shares during the period. Commerce Bank boosted its position in Chord Energy by 4.3% in the 3rd quarter. Commerce Bank now owns 2,361 shares of the company’s stock worth $307,000 after purchasing an additional 98 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Chord Energy by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 27,274 shares of the company’s stock worth $3,552,000 after purchasing an additional 100 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Chord Energy by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after purchasing an additional 101 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $121.27, for a total transaction of $121,270.00. Following the completion of the sale, the chief accounting officer now owns 20,488 shares in the company, valued at $2,484,579.76. This trade represents a 4.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CHRD shares. Mizuho cut their price objective on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Truist Financial raised their price objective on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a report on Monday, January 13th. Piper Sandler reduced their target price on Chord Energy from $194.00 to $193.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada cut their price target on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Finally, Wells Fargo & Company decreased their price objective on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $173.08.

Chord Energy Price Performance

CHRD stock opened at $109.38 on Monday. Chord Energy Co. has a 1 year low of $107.24 and a 1 year high of $190.23. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market capitalization of $6.69 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 5.46 and a beta of 0.98. The business has a 50 day simple moving average of $118.26 and a 200-day simple moving average of $131.44.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.57%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s payout ratio is currently 25.75%.

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.