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

Nomura Asset Management Co. Ltd. decreased its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 98.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 411 shares of the company’s stock after selling 30,267 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Chord Energy were worth $48,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Townsquare Capital LLC boosted its holdings in shares of Chord Energy by 55.7% during the 3rd quarter. Townsquare Capital LLC now owns 2,199 shares of the company’s stock worth $286,000 after buying an additional 787 shares during the period. Benjamin Edwards Inc. grew its position in shares of Chord Energy by 61.3% in the third quarter. Benjamin Edwards Inc. now owns 3,117 shares of the company’s stock valued at $407,000 after purchasing an additional 1,184 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Chord Energy by 58.7% during the third quarter. HighTower Advisors LLC now owns 6,821 shares of the company’s stock worth $899,000 after purchasing an additional 2,522 shares during the period. Investment Management Corp of Ontario lifted its holdings in Chord Energy by 42.9% during the 3rd quarter. Investment Management Corp of Ontario now owns 2,000 shares of the company’s stock worth $260,000 after purchasing an additional 600 shares during the last quarter. Finally, Point72 DIFC Ltd boosted its stake in Chord Energy by 79.2% in the 3rd quarter. Point72 DIFC Ltd now owns 18,910 shares of the company’s stock valued at $2,463,000 after purchasing an additional 8,360 shares during the period. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Price Performance

Chord Energy stock opened at $99.48 on Friday. The company has a market capitalization of $5.92 billion, a PE ratio of 5.12, a P/E/G ratio of 5.83 and a beta of 0.98. 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 stock has a 50-day moving average price of $110.43 and a two-hundred day moving average price of $120.66. Chord Energy Co. has a 12 month low of $98.71 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. Investors of record on Tuesday, March 11th were given a dividend of $1.30 per share. The ex-dividend date of this dividend 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 yield of 5.23%. Chord Energy’s dividend payout ratio (DPR) is currently 32.62%.

Wall Street Analyst Weigh In

CHRD has been the subject of a number of research reports. Williams Trading set a $155.00 target price on Chord Energy in a report on Wednesday, March 5th. UBS Group cut their price objective on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a report on Monday, December 9th. Bank of America lowered their target price on shares of Chord Energy from $138.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday. Mizuho dropped their price target on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Finally, Morgan Stanley set a $139.00 price target on Chord Energy and gave the stock a “cautious” rating in a research report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chord Energy currently has an average rating of “Moderate Buy” and a consensus target price of $161.46.

About Chord Energy

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.