Chord Energy Co. (NASDAQ:CHRD) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its position in Chord Energy Co. (NASDAQ:CHRD) by 44.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,703 shares of the company’s stock after purchasing an additional 1,456 shares during the period. Gamco Investors INC. ET AL’s holdings in Chord Energy were worth $550,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CHRD. Brooklyn Investment Group acquired a new position in Chord Energy in the 4th quarter worth approximately $29,000. Twin Tree Management LP acquired a new stake in shares of Chord Energy in the fourth quarter worth $33,000. Larson Financial Group LLC raised its holdings in shares of Chord Energy by 238.3% during the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after purchasing an additional 224 shares during the last quarter. R Squared Ltd purchased a new stake in Chord Energy in the fourth quarter valued at $51,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Chord Energy by 1,751.9% during the 4th 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 last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Chord Energy Price Performance

Shares of Chord Energy stock opened at $94.43 on Friday. The stock has a market capitalization of $5.62 billion, a P/E ratio of 4.86, a PEG ratio of 5.83 and a beta of 0.96. The business has a 50 day simple moving average of $104.12 and a two-hundred day simple moving average of $116.67. Chord Energy Co. has a 12 month low of $79.83 and a 12 month high of $188.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89.

Chord Energy Increases Dividend

The company also recently disclosed 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 5.51%. The ex-dividend date of this dividend was Tuesday, March 11th. Chord Energy’s dividend payout ratio is currently 32.62%.

Analyst Ratings Changes

Several research firms recently commented on CHRD. Williams Trading set a $155.00 target price on Chord Energy in a report on Wednesday, March 5th. Wolfe Research raised shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price for the company in a report on Friday, January 3rd. Piper Sandler decreased their target price on shares of Chord Energy from $193.00 to $184.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Truist Financial raised their price target on shares of Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Morgan Stanley set a $139.00 price objective on shares of Chord Energy and gave the stock a “cautious” rating in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chord Energy has an average rating of “Moderate Buy” and an average price target of $157.00.

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.