Picton Mahoney Asset Management Boosts Stock Position in Chord Energy Corporation $CHRD

Picton Mahoney Asset Management lifted its position in shares of Chord Energy Corporation (NASDAQ:CHRD) by 40.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,008 shares of the company’s stock after buying an additional 14,395 shares during the period. Picton Mahoney Asset Management owned about 0.09% of Chord Energy worth $4,971,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CHRD. Level Four Advisory Services LLC grew its position in Chord Energy by 4.2% during the third quarter. Level Four Advisory Services LLC now owns 9,323 shares of the company’s stock valued at $926,000 after acquiring an additional 375 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Chord Energy by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,166,564 shares of the company’s stock valued at $314,661,000 after purchasing an additional 163,125 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of Chord Energy by 31.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 139,606 shares of the company’s stock valued at $13,873,000 after purchasing an additional 33,496 shares during the last quarter. Royce & Associates LP raised its position in Chord Energy by 6.3% in the 3rd quarter. Royce & Associates LP now owns 91,941 shares of the company’s stock worth $9,136,000 after purchasing an additional 5,426 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Chord Energy in the 3rd quarter worth $939,000. Institutional investors own 97.76% of the company’s stock.

Insiders Place Their Bets

In other Chord Energy news, EVP Shannon Browning Kinney sold 1,801 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total value of $205,962.36. Following the completion of the transaction, the executive vice president directly owned 20,188 shares in the company, valued at approximately $2,308,699.68. This represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lara J. Kroll sold 5,000 shares of Chord Energy stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $113.66, for a total transaction of $568,300.00. Following the sale, the chief accounting officer directly owned 8,921 shares in the company, valued at $1,013,960.86. The trade was a 35.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is currently owned by insiders.

More Chord Energy News

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: UBS raised its price target to $142 and kept a “buy” rating, signalling institutional confidence and providing fresh upside for the stock. Article Title
• Positive Sentiment: Piper Sandler boosted its target to $158 and maintained an “overweight” rating, implying an even larger upside and likely helping lift demand for shares. Article Title
• Neutral Sentiment: Q4 results were mixed — EPS beat estimates on lower expenses but revenues and production fell year-over-year and sales missed expectations. The beat supports valuation short-term, but weaker top-line and production trends are a caution. CHRD Q4 Earnings
• Neutral Sentiment: Short-interest reports show 0 shares and a 0.0 days-to-cover ratio — likely a reporting artifact and not a real directional driver for the stock today.
• Negative Sentiment: CAO Lara J. Kroll sold 5,000 shares (about $568k) on Mar 3, cutting her stake by ~35.9%; insider selling can sap sentiment even if not indicative of company fundamentals. Filing: SEC Filing
• Negative Sentiment: EVP Shannon Browning Kinney sold 1,801 shares (~$206k) on Mar 3, an ~8.2% reduction in her holding; further insider sales could pressure sentiment if they continue. Filing: SEC Filing

Chord Energy Trading Up 4.6%

CHRD opened at $119.29 on Friday. Chord Energy Corporation has a one year low of $79.83 and a one year high of $121.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. The business has a 50 day simple moving average of $98.80 and a two-hundred day simple moving average of $97.47. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 189.35 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $3.49 EPS. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. Analysts predict that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 12th will be issued a $1.30 dividend. The ex-dividend date is Thursday, March 12th. This represents a $5.20 annualized dividend and a yield of 4.4%. Chord Energy’s payout ratio is 825.40%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Chord Energy from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Piper Sandler increased their target price on Chord Energy from $151.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research lowered Chord Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Mizuho set a $148.00 price objective on Chord Energy in a research report on Friday, January 9th. Finally, Jefferies Financial Group set a $99.00 price objective on Chord Energy in a research note on Saturday, January 17th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Chord Energy has an average rating of “Hold” and an average target price of $123.82.

About Chord Energy

Chord Energy Corporation (NASDAQ: CHRD), formerly known as Oasis Petroleum Inc, is an independent exploration and production company focused on the acquisition, development and production of crude oil, natural gas and natural gas liquids. Headquartered in Houston, Texas, Chord Energy emerged from financial restructuring in early 2021 and rebranded in October 2022 to reflect its renewed strategic vision.

The company’s core operations are concentrated in two prolific U.S. resource plays: the Williston Basin across North Dakota and Montana, and the Delaware Basin spanning parts of West Texas and southeastern New Mexico.