Nomura Asset Management Co. Ltd. Has $48,000 Position in Chord Energy Co. (NASDAQ:CHRD)

by · The Cerbat Gem

Nomura Asset Management Co. Ltd. decreased its stake in Chord Energy Co. (NASDAQ:CHRD – Free Report) by 98.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 411 shares of the company’s stock after selling 30,267 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Chord Energy were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CHRD. New Age Alpha Advisors LLC acquired a new stake in Chord Energy during the 4th quarter valued at approximately $1,564,000. JPMorgan Chase & Co. boosted its stake in shares of Chord Energy by 3.3% in the 4th quarter. JPMorgan Chase & Co. now owns 263,288 shares of the company’s stock valued at $30,784,000 after purchasing an additional 8,455 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Chord Energy by 11.5% during the fourth quarter. Segall Bryant & Hamill LLC now owns 95,643 shares of the company’s stock worth $11,183,000 after buying an additional 9,897 shares during the period. Samalin Investment Counsel LLC bought a new position in Chord Energy during the fourth quarter worth $634,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Chord Energy in the fourth quarter valued at $1,747,000. 97.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Williams Trading set a $155.00 price target on Chord Energy in a report on Wednesday, March 5th. Citigroup cut Chord Energy to a “reduce” rating in a research note on Wednesday, March 5th. UBS Group dropped their price target on Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. Bank of America reduced their price objective on shares of Chord Energy from $138.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday. 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 research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chord Energy currently has a consensus rating of “Moderate Buy” and an average price target of $161.46.

Get Our Latest Analysis on CHRD

Chord Energy Stock Down 12.4 %

Chord Energy stock opened at $99.48 on Friday. 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’s fifty day moving average price is $110.43 and its two-hundred day moving average price is $120.66. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 5.12, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. Chord Energy Co. has a 1-year low of $98.71 and a 1-year high of $190.23.

Chord Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were paid a dividend of $1.30 per share. The ex-dividend date was Tuesday, March 11th. This represents a $5.20 dividend on an annualized basis and a yield of 5.23%. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s payout ratio is 32.62%.

Chord Energy Company Profile

(Free Report)

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.

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