Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 1,751.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 500 shares of the company’s stock after purchasing an additional 473 shares during the quarter. Venturi Wealth Management LLC’s holdings in Chord Energy were worth $58,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CHRD. Stone House Investment Management LLC acquired a new stake in shares of Chord Energy during the third quarter worth about $26,000. Brooklyn Investment Group acquired a new stake in Chord Energy in the fourth quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new stake in Chord Energy in the third quarter valued at approximately $47,000. R Squared Ltd acquired a new stake in Chord Energy in the fourth quarter valued at approximately $51,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Chord Energy in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Transactions at Chord Energy

In related 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 value of $116,350.00. Following the transaction, the chief accounting officer now directly owns 19,488 shares in the company, valued at $2,267,428.80. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Chord Energy Stock Performance

Shares of CHRD opened at $111.33 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market cap of $6.81 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The company’s 50 day simple moving average is $116.40 and its 200-day simple moving average is $127.55. Chord Energy Co. has a 12-month low of $107.24 and a 12-month high of $190.23.

Chord Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.49%. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Wall Street Analyst Weigh In

CHRD has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Chord Energy in a report on Friday, January 10th. They issued an “equal weight” rating and a $158.00 target price on the stock. Wolfe Research raised 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 report on Friday, January 3rd. UBS Group reduced their target price on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a report on Monday, December 9th. Wells Fargo & Company reduced their target price on shares of Chord Energy from $176.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, Mizuho reduced their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $173.08.

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.