Fox Run Management L.L.C. Cuts Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Fox Run Management L.L.C. trimmed its position in Chord Energy Co. (NASDAQ:CHRD) by 46.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,001 shares of the company’s stock after selling 4,298 shares during the period. Fox Run Management L.L.C.’s holdings in Chord Energy were worth $585,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CHRD. Pacer Advisors Inc. boosted its holdings in shares of Chord Energy by 50.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock valued at $218,892,000 after acquiring an additional 627,122 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Chord Energy by 27.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company’s stock valued at $334,912,000 after purchasing an additional 619,021 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Chord Energy by 143.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 880,787 shares of the company’s stock valued at $114,705,000 after purchasing an additional 519,547 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Chord Energy during the 4th quarter worth approximately $29,984,000. Finally, 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 buying an additional 172,196 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Trading Up 2.8 %

Shares of Chord Energy stock opened at $112.78 on Tuesday. The firm has a market cap of $6.73 billion, a PE ratio of 5.81, a P/E/G ratio of 5.83 and a beta of 0.98. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a fifty-two week low of $99.40 and a fifty-two week high of $190.23. The business’s fifty day moving average is $112.66 and its two-hundred day moving average is $121.74.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.61%. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend payout ratio is currently 32.62%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CHRD shares. Williams Trading set a $155.00 price objective on Chord Energy in a report on Wednesday, March 5th. Wells Fargo & Company cut their price target on shares of Chord Energy from $175.00 to $166.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley began coverage on shares of Chord Energy in a research report on Friday, January 10th. They set an “equal weight” rating and a $158.00 price target for the company. Mizuho lowered their price target on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Bank of America restated a “neutral” rating and set a $138.00 target price (down from $208.00) on shares of Chord Energy in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.92.

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.