25,430 Shares in Chord Energy Co. (NASDAQ:CHRD) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in Chord Energy Co. (NASDAQ:CHRD) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 25,430 shares of the company’s stock, valued at approximately $2,973,000.

Several other institutional investors also recently made changes to their positions in CHRD. Boston Partners boosted its holdings in Chord Energy by 5.6% in the fourth quarter. Boston Partners now owns 2,186,483 shares of the company’s stock valued at $255,684,000 after acquiring an additional 115,215 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Chord Energy by 147.3% in the 4th quarter. Advisors Asset Management Inc. now owns 33,773 shares of the company’s stock worth $3,949,000 after purchasing an additional 20,114 shares during the period. Signaturefd LLC lifted its stake in shares of Chord Energy by 6.2% in the 4th quarter. Signaturefd LLC now owns 3,046 shares of the company’s stock valued at $356,000 after purchasing an additional 177 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of Chord Energy during the 4th quarter worth about $33,000. Finally, Ninepoint Partners LP increased its position in Chord Energy by 15.8% during the 4th quarter. Ninepoint Partners LP now owns 110,000 shares of the company’s stock worth $12,861,000 after purchasing an additional 15,000 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHRD has been the topic of a number of recent research reports. Bank of America reaffirmed a “neutral” rating and set a $138.00 price target (down from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. UBS Group decreased their price target on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research report on Monday, December 9th. Truist Financial increased their price target on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a report on Monday, January 13th. Wells Fargo & Company decreased their target price on Chord Energy from $175.00 to $166.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Morgan Stanley started coverage on Chord Energy in a report on Friday, January 10th. They set an “equal weight” rating and a $158.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.92.

Chord Energy Trading Down 0.2 %

Shares of CHRD stock opened at $112.60 on Wednesday. The firm has a fifty day moving average of $112.66 and a 200-day moving average of $121.74. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 5.80, a P/E/G ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a 52-week low of $99.40 and a 52-week high of $190.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93.

Chord Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.62%. The ex-dividend date is Tuesday, March 11th. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend payout ratio is 32.62%.

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.