TCW Group Inc. Acquires 3,100 Shares of Chord Energy Co. (NASDAQ:CHRD)

TCW Group Inc. increased its holdings in Chord Energy Co. (NASDAQ:CHRD) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,640 shares of the company’s stock after buying an additional 3,100 shares during the period. TCW Group Inc. owned 0.06% of Chord Energy worth $4,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Delta Capital Management LLC raised its holdings in 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 acquiring an additional 90 shares in the last quarter. Commerce Bank raised its stake in Chord Energy by 4.3% in the third quarter. Commerce Bank now owns 2,361 shares of the company’s stock valued at $307,000 after purchasing an additional 98 shares in the last quarter. New York State Teachers Retirement System raised its stake in Chord Energy by 0.4% in the third quarter. New York State Teachers Retirement System now owns 27,274 shares of the company’s stock valued at $3,552,000 after purchasing an additional 100 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Chord Energy by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company’s stock worth $718,000 after acquiring an additional 110 shares during the period. Finally, Lindenwold Advisors INC boosted its position in shares of Chord Energy by 5.0% during the 3rd quarter. Lindenwold Advisors INC now owns 2,523 shares of the company’s stock worth $329,000 after acquiring an additional 119 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the sale, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at approximately $2,267,428.80. This represents a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Chord Energy Trading Down 3.5 %

CHRD opened at $111.68 on Monday. The company’s 50 day moving average price is $116.50 and its two-hundred day moving average price is $127.83. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a fifty-two week low of $107.24 and a fifty-two week 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.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 4.48%. Chord Energy’s payout ratio is 25.75%.

Wall Street Analysts Forecast Growth

CHRD has been the subject of several research analyst reports. Mizuho lowered their price objective 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. Royal Bank of Canada lowered their price target on Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Bank of America reaffirmed a “neutral” rating and issued a $138.00 price objective (down from $208.00) on shares of Chord Energy in a research note on Monday, January 13th. Morgan Stanley began coverage on Chord Energy in a research report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 target price on the stock. Finally, 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. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chord Energy currently has an average rating of “Moderate Buy” and an average price target of $173.08.

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.