Twin Tree Management LP Takes $33,000 Position in Chord Energy Co. (NASDAQ:CHRD)

Twin Tree Management LP acquired a new stake in Chord Energy Co. (NASDAQ:CHRD) in the 4th quarter, Holdings Channel.com reports. The fund acquired 286 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in shares of Chord Energy in the third quarter valued at approximately $26,000. Brooklyn Investment Group acquired a new position in shares of Chord Energy in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC increased its stake in shares of Chord Energy by 238.3% in the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock valued at $37,000 after buying an additional 224 shares during the period. R Squared Ltd acquired a new position in shares of Chord Energy in the fourth quarter valued at approximately $51,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Chord Energy by 1,751.9% in the fourth quarter. Venturi Wealth Management LLC now owns 500 shares of the company’s stock valued at $58,000 after buying an additional 473 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Price Performance

Shares of CHRD opened at $111.13 on Thursday. Chord Energy Co. has a 12-month low of $99.40 and a 12-month high of $190.23. The business’s fifty day moving average is $113.67 and its 200 day moving average is $122.59. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The stock has a market cap of $6.63 billion, a P/E ratio of 5.72, a P/E/G ratio of 5.83 and a beta of 0.98.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be issued a $1.30 dividend. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Tuesday, March 11th. Chord Energy’s dividend payout ratio (DPR) is currently 32.62%.

Analyst Ratings Changes

CHRD has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Citigroup downgraded shares of Chord Energy to a “reduce” rating in a research report on Wednesday, March 5th. Bank of America reissued a “neutral” rating and set a $138.00 target price (down previously from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. UBS Group decreased their target price on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research report on Monday, December 9th. Finally, Mizuho decreased their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.62.

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.