Sanctuary Advisors LLC Has $801,000 Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Sanctuary Advisors LLC lifted its position in shares of Chord Energy Co. (NASDAQ:CHRD) by 34.7% in the fourth quarter, HoldingsChannel reports. The fund owned 6,926 shares of the company’s stock after buying an additional 1,785 shares during the period. Sanctuary Advisors LLC’s holdings in Chord Energy were worth $801,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in Chord Energy by 30.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 744,309 shares of the company’s stock worth $88,459,000 after purchasing an additional 172,196 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in shares of Chord Energy during the 4th quarter worth approximately $602,000. Portfolio Design Labs LLC raised its stake in shares of Chord Energy by 32.6% during the fourth quarter. Portfolio Design Labs LLC now owns 29,175 shares of the company’s stock worth $3,411,000 after buying an additional 7,165 shares during the last quarter. Entropy Technologies LP acquired a new stake in Chord Energy during the 4th quarter worth $208,000. Finally, Kingsview Wealth Management LLC raised its position in shares of Chord Energy by 55.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 21,744 shares of the company’s stock valued at $2,542,000 after acquiring an additional 7,743 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Stock Up 0.1 %

Shares of CHRD stock opened at $113.46 on Friday. Chord Energy Co. has a 12-month low of $107.24 and a 12-month 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. The firm has a fifty day moving average of $116.30 and a 200-day moving average of $127.15. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 5.84, a P/E/G ratio of 5.83 and a beta of 0.98.

Chord Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Tuesday, March 11th. This is a boost from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend payout ratio is 31.37%.

Analyst Upgrades and Downgrades

CHRD has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Chord Energy from $176.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Mizuho lowered their price target on Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada cut their price target on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price objective for the company in a report on Friday, January 3rd. Finally, Truist Financial increased their target price on shares of Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.92.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the transaction, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at $2,267,428.80. This represents a 4.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.