Y Intercept Hong Kong Ltd decreased its holdings in Chord Energy Co. (NASDAQ:CHRD – Free Report) by 7.2% in the fourth quarter, Holdings Channel reports. The firm owned 38,462 shares of the company’s stock after selling 2,962 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Chord Energy were worth $4,497,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new stake in shares of Chord Energy in the 3rd quarter worth $26,000. Brooklyn Investment Group acquired a new stake in shares of Chord Energy in the 4th quarter worth $29,000. Fortitude Family Office LLC acquired a new stake in shares of Chord Energy in the 3rd quarter worth $47,000. R Squared Ltd purchased a new position in Chord Energy in the 4th quarter worth $51,000. Finally, Venturi Wealth Management LLC raised 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 during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.
Insider Transactions at Chord Energy
In related news, CAO Shannon Browning Kinney sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $116.35, for a total value of $116,350.00. Following the transaction, the chief accounting officer now directly owns 19,488 shares in the company, valued at approximately $2,267,428.80. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Chord Energy Trading Down 3.5 %
Shares of Chord Energy stock opened at $111.68 on Monday. The stock has a market cap of $6.83 billion, a P/E ratio of 5.75, a P/E/G ratio of 5.83 and a beta of 0.98. The stock’s 50 day simple moving average is $116.50 and its 200-day simple moving average is $127.83. Chord Energy Co. has a 1-year low of $107.24 and a 1-year 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 announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy’s dividend payout ratio is currently 25.75%.
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.
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