Segall Bryant & Hamill LLC Acquires 9,897 Shares of Chord Energy Co. (NASDAQ:CHRD)

Segall Bryant & Hamill LLC lifted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,643 shares of the company’s stock after acquiring an additional 9,897 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Chord Energy were worth $11,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CHRD. Merit Financial Group LLC purchased a new stake in shares of Chord Energy during the 4th quarter valued at $553,000. Geode Capital Management LLC increased its holdings in Chord Energy by 3.0% during the third quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company’s stock worth $151,077,000 after buying an additional 34,156 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Chord Energy by 55.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company’s stock worth $2,542,000 after acquiring an additional 7,743 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its stake in Chord Energy by 3.5% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 92,211 shares of the company’s stock valued at $11,596,000 after acquiring an additional 3,151 shares during the last quarter. Finally, Kore Advisors LP bought a new position in shares of Chord Energy during the 3rd quarter valued at approximately $4,428,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Mizuho dropped their price objective on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company cut their price target on Chord Energy from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial boosted their price objective on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Bank of America reiterated 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. Finally, Piper Sandler reduced 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chord Energy currently has an average rating of “Moderate Buy” and a consensus target price of $163.92.

Chord Energy Trading Down 0.2 %

Shares of CHRD stock opened at $112.60 on Wednesday. The company has a market capitalization of $6.71 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a 52-week low of $99.40 and a 52-week high of $190.23. The business’s fifty day moving average is $112.66 and its 200 day moving average is $121.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93.

Chord Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $1.30 per share. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date is Tuesday, March 11th. This represents a $5.20 annualized dividend and a dividend yield of 4.62%. Chord Energy’s payout ratio is presently 32.62%.

Chord Energy Company 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.