Level Four Advisory Services LLC Sells 2,120 Shares of Chord Energy Co. (NASDAQ:CHRD)

Level Four Advisory Services LLC lessened its position in Chord Energy Co. (NASDAQ:CHRD) by 33.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,149 shares of the company’s stock after selling 2,120 shares during the quarter. Level Four Advisory Services LLC’s holdings in Chord Energy were worth $485,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CHRD. Brooklyn Investment Group purchased a new stake in Chord Energy in the fourth quarter worth $29,000. Twin Tree Management LP bought a new position in shares of Chord Energy in the fourth quarter worth about $33,000. Larson Financial Group LLC increased its stake in Chord Energy by 238.3% in the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock worth $37,000 after buying an additional 224 shares during the period. R Squared Ltd purchased a new stake in Chord Energy in the 4th quarter valued at about $51,000. Finally, Venturi Wealth Management LLC grew its stake in Chord Energy by 1,751.9% in the 4th quarter. Venturi Wealth Management LLC now owns 500 shares of the company’s stock worth $58,000 after acquiring an additional 473 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Trading Up 0.9 %

Shares of NASDAQ CHRD opened at $112.72 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $6.71 billion, a PE ratio of 5.80, a PEG ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a twelve month low of $99.40 and a twelve month high of $190.23. The stock has a fifty day simple moving average of $111.25 and a 200-day simple moving average of $121.02.

Chord Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.61%. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, March 11th. Chord Energy’s payout ratio is presently 32.62%.

Analysts Set New Price Targets

Several research analysts have commented on CHRD shares. Piper Sandler reduced their price objective on Chord Energy from $193.00 to $184.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. 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. Wells Fargo & Company cut 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 report on Monday, March 24th. Wolfe Research raised shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target for the company in a research report on Friday, January 3rd. Finally, Mizuho cut their price objective on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chord Energy has an average rating of “Moderate Buy” and a consensus price target of $162.46.

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.