Dimensional Fund Advisors LP Sells 299,633 Shares of Chord Energy Co. (NASDAQ:CHRD)

Dimensional Fund Advisors LP lowered its stake in Chord Energy Co. (NASDAQ:CHRD) by 20.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,151,245 shares of the company’s stock after selling 299,633 shares during the period. Dimensional Fund Advisors LP owned 1.88% of Chord Energy worth $134,592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of CHRD. Altshuler Shaham Ltd bought a new stake in Chord Energy in the 4th quarter valued at $25,000. Brooklyn Investment Group purchased a new stake in shares of Chord Energy during the 4th quarter valued at about $29,000. Twin Tree Management LP bought a new stake in shares of Chord Energy in the 4th quarter valued at approximately $33,000. Larson Financial Group LLC increased its position in shares of Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock valued at $37,000 after purchasing an additional 224 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Chord Energy during the fourth quarter worth $51,000. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Trading Down 0.1 %

Shares of Chord Energy stock opened at $94.62 on Friday. The firm’s 50 day simple moving average is $102.43 and its two-hundred day simple moving average is $115.36. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a 12-month low of $79.83 and a 12-month high of $188.02. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend payout ratio is 32.62%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Williams Trading set a $155.00 price objective on shares of Chord Energy in a research note on Wednesday, March 5th. Truist Financial lifted their price target on shares of Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Piper Sandler dropped their price target on Chord Energy from $184.00 to $183.00 and set an “overweight” rating on the stock in a research report on Tuesday. Wells Fargo & Company decreased their price objective on Chord Energy from $166.00 to $158.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Citigroup cut their target price on shares of Chord Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.92.

About Chord Energy

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.