Mirae Asset Global Investments Co. Ltd. Has $38,000 Holdings in Chord Energy Co. (NASDAQ:CHRD)

Mirae Asset Global Investments Co. Ltd. decreased its position in Chord Energy Co. (NASDAQ:CHRD) by 48.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 338 shares of the company’s stock after selling 324 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Chord Energy were worth $38,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRD. Stone House Investment Management LLC purchased a new stake in Chord Energy in the 3rd quarter valued at about $26,000. Brooklyn Investment Group purchased a new stake in Chord Energy in the 4th quarter valued at about $29,000. Spartan Fund Management Inc. purchased a new stake in Chord Energy in the 3rd quarter valued at about $34,000. Fortitude Family Office LLC purchased a new stake in Chord Energy in the 3rd quarter valued at about $47,000. Finally, R Squared Ltd purchased a new stake in Chord Energy in the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Performance

CHRD opened at $110.93 on Friday. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 5.46 and a beta of 0.98. The company has a fifty day moving average of $117.12 and a 200 day moving average of $129.64. Chord Energy Co. has a fifty-two week low of $107.24 and a fifty-two 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $1.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 4.51%. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHRD. Royal Bank of Canada reduced their target price on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Truist Financial increased their target price on shares of Chord Energy from $185.00 to $186.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Wells Fargo & Company reduced their target price on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. 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 research report on Monday, December 16th. Finally, Wolfe Research raised shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price for the company in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.08.

Insider Transactions at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $116.35, for a total value of $116,350.00. Following the completion of the sale, the chief accounting officer now owns 19,488 shares in the company, valued at approximately $2,267,428.80. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.