Aster Capital Management DIFC Ltd Boosts Stake in Chord Energy Co. (NASDAQ:CHRD)

Aster Capital Management DIFC Ltd raised its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 1,280.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,715 shares of the company’s stock after buying an additional 7,156 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Chord Energy were worth $902,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Chord Energy by 50.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock worth $218,892,000 after purchasing an additional 627,122 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Chord Energy by 27.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock worth $334,912,000 after buying an additional 619,021 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Chord Energy during the 4th quarter valued at about $29,984,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Chord Energy by 30.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 744,309 shares of the company’s stock valued at $88,459,000 after acquiring an additional 172,196 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Chord Energy by 15.0% in the fourth quarter. American Century Companies Inc. now owns 1,116,073 shares of the company’s stock worth $130,491,000 after acquiring an additional 145,627 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

Analyst Ratings Changes

CHRD has been the subject of several analyst reports. Williams Trading set a $155.00 price objective on Chord Energy in a research note on Wednesday, March 5th. Piper Sandler dropped their price objective 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. Wells Fargo & Company reduced their target price on shares of Chord Energy from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Citigroup cut shares of Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chord Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.46.

Chord Energy Trading Down 11.7 %

Shares of NASDAQ CHRD opened at $87.82 on Friday. Chord Energy Co. has a twelve month low of $86.70 and a twelve month high of $190.23. 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 business has a fifty day simple moving average of $109.83 and a two-hundred day simple moving average of $120.34. The firm has a market cap of $5.22 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of 5.83 and a beta of 0.96.

Chord Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend 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.