Aptus Capital Advisors LLC Purchases 10,860 Shares of Chord Energy Co. (NASDAQ:CHRD)

Aptus Capital Advisors LLC boosted its position in Chord Energy Co. (NASDAQ:CHRD) by 23.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 56,285 shares of the company’s stock after acquiring an additional 10,860 shares during the period. Aptus Capital Advisors LLC owned 0.09% of Chord Energy worth $6,581,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CHRD. Delta Capital Management LLC boosted its stake in Chord Energy by 4.3% in the 4th 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 period. Gables Capital Management Inc. lifted its holdings in shares of Chord Energy by 6.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,550 shares of the company’s stock worth $181,000 after buying an additional 100 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position 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 acquiring an additional 106 shares during the period. Exchange Traded Concepts LLC grew its stake in Chord Energy by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company’s stock valued at $718,000 after acquiring an additional 110 shares in the last quarter. Finally, MGO One Seven LLC increased its holdings in Chord Energy by 6.7% during the 4th quarter. MGO One Seven LLC now owns 1,775 shares of the company’s stock worth $208,000 after acquiring an additional 111 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Price Performance

Shares of NASDAQ:CHRD opened at $93.28 on Friday. The company’s fifty day moving average is $100.48 and its 200 day moving average is $113.91. 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 52 week low of $79.83 and a 52 week high of $188.02. The stock has a market cap of $5.55 billion, a PE ratio of 4.80, a PEG ratio of 5.83 and a beta of 0.96.

Chord Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s payout ratio is 32.62%.

Analyst Upgrades and Downgrades

CHRD has been the subject of several analyst reports. Citigroup cut their price target on shares of Chord Energy from $135.00 to $120.00 and set a “buy” rating for the company in a report on Monday, April 7th. Royal Bank of Canada reduced their target price on Chord Energy from $165.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Morgan Stanley set a $139.00 target price on Chord Energy and gave the stock a “cautious” rating in a research note on Wednesday, March 26th. Wells Fargo & Company dropped their price target on Chord Energy from $166.00 to $158.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, Bank of America upgraded shares of Chord Energy from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $125.00 to $114.00 in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.08.

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.