Stratos Wealth Partners LTD. Buys Shares of 2,178 Chord Energy Co. (NASDAQ:CHRD)

Stratos Wealth Partners LTD. purchased a new position in Chord Energy Co. (NASDAQ:CHRD) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,178 shares of the company’s stock, valued at approximately $255,000.

Several other large investors also recently modified their holdings of the company. Stone House Investment Management LLC bought a new position in shares of Chord Energy in the 3rd quarter worth approximately $26,000. Brooklyn Investment Group purchased a new stake in Chord Energy during the fourth quarter valued at approximately $29,000. Spartan Fund Management Inc. bought a new position in Chord Energy in the third quarter worth approximately $34,000. Fortitude Family Office LLC purchased a new position in shares of Chord Energy during the 3rd quarter worth $47,000. Finally, R Squared Ltd bought a new stake in shares of Chord Energy during the 4th quarter valued at $51,000. Institutional investors own 97.76% of the company’s stock.

Analyst Ratings Changes

CHRD has been the topic of a number of recent research reports. Morgan Stanley started coverage on Chord Energy in a report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 target price on the stock. Truist Financial lifted their price objective on Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Mizuho reduced their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a research note on Friday, January 3rd. Finally, UBS Group dropped 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. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.08.

Chord Energy Stock Performance

Shares of NASDAQ:CHRD opened at $110.19 on Friday. 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 market capitalization of $6.74 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 5.46 and a beta of 0.98. The firm has a 50 day moving average of $117.47 and a 200 day moving average of $130.46. Chord Energy Co. has a 52 week low of $107.24 and a 52 week high of $190.23.

Chord Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $1.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 4.54%. Chord Energy’s dividend payout ratio (DPR) is 25.75%.

Insiders Place Their Bets

In other news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction on Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the sale, the chief accounting officer now directly owns 19,488 shares in the company, valued at approximately $2,267,428.80. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.