Pictet Asset Management Holding SA Reduces Position in Chord Energy Co. (NASDAQ:CHRD)

Pictet Asset Management Holding SA cut its holdings in shares of Chord Energy Co. ( NASDAQ:CHRD – Free Report ) by 71.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.

The fund owned 8,455 shares of the company’s stock after selling 21,080 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Chord Energy were worth $989,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHRD.



Pacer Advisors Inc. grew its holdings in Chord Energy by 50.4% in the fourth quarter.

Pacer Advisors Inc. now owns 1,872,156 shares of the company’s stock valued at $218,892,000 after purchasing an additional 627,122 shares during the period. Victory Capital Management Inc.

lifted its holdings in Chord Energy by 27.6% in the fourth quarter. Victory Capital Management Inc.

now owns 2,864,456 shares of the company’s stock valued at $334,912,000 after acquiring an additional 619,021 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Chord Energy during the 4th quarter worth $29,984,000.

Allspring Global Investments Holdings LLC raised 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 valued at $88,459,000 after purchasing an additional 172,196 shares during the period.

Finally, American Century Companies Inc. increased its stake in Chord Energy by 15.0% during the fourth quarter.

American Century Companies Inc. now owns 1,116,073 shares of the company’s stock worth $130,491,000 after purchasing an additional 145,627 shares during the period. 97.

76% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of analysts have issued reports on CHRD shares. Wells Fargo & Company decreased their price target on Chord Energy from $175.

00 to $166.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Morgan Stanley set a $139.

00 price target on Chord Energy and gave the company a “cautious” rating in a report on Wednesday, March 26th. Wolfe Research raised shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price objective on the stock in a report on Friday, January 3rd.

Bank of America lowered their price target on Chord Energy from $138.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, April 1st.

Finally, Mizuho reduced their price objective on Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a report on Monday, December 16th.

Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $161.46.

Chord Energy Price Performance CHRD stock opened at $87.82 on Monday. The stock’s 50 day moving average is $109.

83 and its two-hundred day moving average is $120.11. The company has a market capitalization of $5.

22 billion, a PE ratio of 4.52, a P/E/G ratio of 5.83 and a beta of 0.

96. Chord Energy Co. has a 52-week low of $86.

70 and a 52-week 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.

Chord Energy Increases Dividend The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a $1.30 dividend.

The ex-dividend date was Tuesday, March 11th. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25.

This represents a $5.20 annualized dividend and a yield of 5.92%.

Chord Energy’s dividend payout ratio (DPR) is currently 32.62%. About Chord Energy ( 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. See Also Five stocks we like better than Chord Energy Trading Stocks: RSI and Why it’s Useful Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential? 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Disney 2025 Shareholders: Major Updates for Investors 2 Fintech Stocks to Buy Now and 1 to Avoid Advance Auto Parts Stock: A Classic Rebound Play in the Making Want to see what other hedge funds are holding CHRD? Visit HoldingsChannel.

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