Chord Energy (NASDAQ:CHRD) Director Samantha Mckinney Sells 2,200 Shares of Stock

Chord Energy Corporation (NASDAQ:CHRD) Director Samantha Mckinney sold 2,200 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $136.32, for a total transaction of $299,904.00. Following the transaction, the director owned 17,030 shares in the company, valued at $2,321,529.60. The trade was a 11.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Chord Energy Stock Down 1.2%

CHRD stock opened at $137.58 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $128.00 and a two-hundred day moving average of $126.50. Chord Energy Corporation has a 12 month low of $84.25 and a 12 month high of $151.95. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 9.22 and a beta of 0.48.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.55 by ($0.11). The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.62 billion. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%.The company’s revenue for the quarter was up 128.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 earnings per share. As a group, analysts forecast that Chord Energy Corporation will post 18.03 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.20 dividend on an annualized basis and a yield of 3.8%. Chord Energy’s payout ratio is 34.85%.

Analyst Upgrades and Downgrades

CHRD has been the subject of a number of recent research reports. Citigroup cut their target price on Chord Energy from $155.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Truist Financial lowered their price target on shares of Chord Energy from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Monday. UBS Group upped their price objective on shares of Chord Energy from $153.00 to $171.00 and gave the company a “buy” rating in a report on Wednesday. Williams Trading set a $189.00 price objective on shares of Chord Energy in a research report on Monday, April 20th. Finally, Roth Capital restated a “buy” rating and set a $145.00 price objective on shares of Chord Energy in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and an average price target of $152.54.

Institutional Trading of Chord Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New Age Alpha Advisors LLC grew its stake in shares of Chord Energy by 18.0% in the fourth quarter. New Age Alpha Advisors LLC now owns 55,284 shares of the company’s stock worth $5,125,000 after acquiring an additional 8,437 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Chord Energy in the fourth quarter valued at $6,489,000. LSV Asset Management raised its stake in shares of Chord Energy by 269.0% in the fourth quarter. LSV Asset Management now owns 149,385 shares of the company’s stock valued at $13,848,000 after acquiring an additional 108,900 shares in the last quarter. Fox Run Management L.L.C. raised its stake in shares of Chord Energy by 122.8% in the fourth quarter. Fox Run Management L.L.C. now owns 16,689 shares of the company’s stock valued at $1,547,000 after acquiring an additional 9,199 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Chord Energy by 11.4% in the fourth quarter. UBS Group AG now owns 644,481 shares of the company’s stock valued at $59,743,000 after purchasing an additional 65,804 shares during the period. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

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.