Y Intercept Hong Kong Ltd Sells 2,962 Shares of Chord Energy Co. (NASDAQ:CHRD)

Y Intercept Hong Kong Ltd decreased its holdings in Chord Energy Co. (NASDAQ:CHRD) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,462 shares of the company’s stock after selling 2,962 shares during the period. Y Intercept Hong Kong Ltd owned 0.06% of Chord Energy worth $4,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CHRD. Pacer Advisors Inc. boosted its stake in shares of Chord Energy by 8,762.1% in the third quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company’s stock worth $162,141,000 after acquiring an additional 1,230,985 shares during the period. Victory Capital Management Inc. boosted its stake in Chord Energy by 41.3% during the third quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company’s stock valued at $292,423,000 after buying an additional 656,374 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Chord Energy by 143.8% during the third quarter. Point72 Asset Management L.P. now owns 880,787 shares of the company’s stock valued at $114,705,000 after buying an additional 519,547 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Chord Energy by 30.1% during the fourth 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 last quarter. Finally, Captrust Financial Advisors boosted its stake in Chord Energy by 721.9% during the third quarter. Captrust Financial Advisors now owns 145,785 shares of the company’s stock valued at $18,986,000 after buying an additional 128,047 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.

Chord Energy Trading Down 3.5 %

CHRD opened at $111.68 on Monday. The stock’s fifty day moving average is $116.50 and its two-hundred day moving average is $127.83. The company has a market capitalization of $6.83 billion, a P/E ratio of 5.75, a PEG ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a 52 week low of $107.24 and a 52 week high of $190.23. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 4.48%. Chord Energy’s payout ratio is currently 25.75%.

Analyst Ratings Changes

A number of brokerages recently commented on CHRD. Piper Sandler dropped their price target on Chord Energy from $194.00 to $193.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. UBS Group dropped their price target on Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research note 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 research note on Monday, January 13th. Morgan Stanley initiated coverage on Chord Energy in a research report on Friday, January 10th. They set an “equal weight” rating and a $158.00 price objective on the stock. Finally, Bank of America restated a “neutral” rating and set a $138.00 price objective (down from $208.00) on shares of Chord Energy in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.08.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.27, for a total transaction of $121,270.00. Following the sale, the chief accounting officer now owns 20,488 shares of the company’s stock, valued at approximately $2,484,579.76. This trade represents a 4.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

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.