Royce & Associates LP Has $6.69 Million Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Royce & Associates LP reduced its stake in Chord Energy Co. (NASDAQ:CHRD) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,225 shares of the company’s stock after selling 437 shares during the quarter. Royce & Associates LP owned approximately 0.09% of Chord Energy worth $6,691,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Delta Capital Management LLC increased its position in shares of Chord Energy by 4.3% during the 4th quarter. Delta Capital Management LLC now owns 2,200 shares of the company’s stock valued at $257,000 after purchasing an additional 90 shares during the last quarter. Commerce Bank grew its position in shares of 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. Gables Capital Management Inc. increased its position in shares of Chord Energy by 6.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,550 shares of the company’s stock valued at $181,000 after buying an additional 100 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Chord Energy by 2.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company’s stock worth $434,000 after buying an additional 106 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position 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 valued at $718,000 after acquiring an additional 110 shares during the last quarter. 97.76% of the stock is owned by institutional investors.

Chord Energy Trading Up 1.0 %

NASDAQ:CHRD opened at $108.72 on Wednesday. The firm has a market capitalization of $6.48 billion, a P/E ratio of 5.60, 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. The company has a fifty day moving average of $113.67 and a 200 day moving average of $122.59. Chord Energy Co. has a 52 week low of $99.40 and a 52 week high of $190.23.

Chord Energy Increases Dividend

The company 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. This represents a $5.20 annualized dividend and a dividend yield of 4.78%. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, March 11th. Chord Energy’s dividend payout ratio is 32.62%.

Analyst Ratings Changes

Several analysts have recently weighed in on CHRD shares. Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price objective on the stock in a research report on Friday, January 3rd. Truist Financial lifted their price target on Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. 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 research report on Thursday, March 6th. Wells Fargo & Company dropped their target price on Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Finally, UBS Group reduced their price target on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chord Energy has an average rating of “Moderate Buy” and an average target price of $164.62.

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.