Mitsubishi UFJ Asset Management Co. Ltd. Has $26,000 Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Mitsubishi UFJ Asset Management Co. Ltd. reduced its holdings in Chord Energy Co. (NASDAQ:CHRD) by 99.5% in the 4th quarter, HoldingsChannel reports. The fund owned 215 shares of the company’s stock after selling 41,231 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Chord Energy were worth $26,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CHRD. Delta Capital Management LLC grew its stake in shares of Chord Energy by 4.3% in the fourth quarter. Delta Capital Management LLC now owns 2,200 shares of the company’s stock worth $257,000 after purchasing an additional 90 shares during the last quarter. Gables Capital Management Inc. grew its position in shares of Chord Energy by 6.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,550 shares of the company’s stock valued at $181,000 after buying an additional 100 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Chord Energy by 2.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company’s stock valued at $434,000 after buying an additional 106 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Chord Energy by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company’s stock worth $718,000 after acquiring an additional 110 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Chord Energy by 4.0% in the fourth quarter. Blue Trust Inc. now owns 3,334 shares of the company’s stock worth $390,000 after acquiring an additional 128 shares during the period. Institutional investors own 97.76% of the company’s stock.

Analysts Set New Price Targets

CHRD has been the subject of several analyst reports. Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price target for the company in a report on Friday, January 3rd. Citigroup downgraded shares of Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. Piper Sandler cut their price target on shares of Chord Energy from $193.00 to $184.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Bank of America lowered their price objective on Chord Energy from $138.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Mizuho decreased their target price 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.46.

Chord Energy Price Performance

Shares of CHRD opened at $87.82 on Friday. The stock has a market cap of $5.22 billion, a P/E ratio of 4.52, a P/E/G ratio of 5.83 and a beta of 0.98. The business’s fifty day moving average is $109.83 and its 200 day moving average is $120.34. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 12-month low of $86.70 and a 12-month high of $190.23.

Chord Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, March 11th. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 5.92%. Chord Energy’s payout ratio is presently 32.62%.

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.