Chord Energy Corporation $CHRD Stock Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Chord Energy Corporation (NASDAQ:CHRD) by 196.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,034 shares of the company’s stock after purchasing an additional 29,158 shares during the period. SG Americas Securities LLC’s holdings in Chord Energy were worth $6,261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its holdings in shares of Chord Energy by 6,714.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 709,086 shares of the company’s stock valued at $68,675,000 after buying an additional 698,680 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Chord Energy by 85.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,218,167 shares of the company’s stock valued at $112,927,000 after acquiring an additional 561,899 shares in the last quarter. AQR Capital Management LLC lifted its stake in Chord Energy by 210.5% in the second quarter. AQR Capital Management LLC now owns 734,225 shares of the company’s stock valued at $71,110,000 after acquiring an additional 497,789 shares during the last quarter. Barclays PLC grew its position in Chord Energy by 186.2% in the third quarter. Barclays PLC now owns 501,170 shares of the company’s stock worth $49,801,000 after acquiring an additional 326,054 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Chord Energy by 19.9% in the third quarter. Wellington Management Group LLP now owns 1,705,153 shares of the company’s stock worth $169,441,000 after acquiring an additional 282,746 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Price Performance

NASDAQ:CHRD opened at $116.33 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. Chord Energy Corporation has a one year low of $84.25 and a one year high of $151.95. The company has a fifty day moving average price of $135.76 and a 200 day moving average price of $118.43. The stock has a market cap of $6.55 billion, a P/E ratio of -102.95 and a beta of 0.48.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Tuesday, May 5th. The company reported $4.56 EPS for the quarter, topping the consensus estimate of $3.51 by $1.05. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Chord Energy had a positive return on equity of 7.06% and a negative net margin of 1.25%.Chord Energy’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period last year, the business earned $4.04 earnings per share. Analysts anticipate that Chord Energy Corporation will post 20.53 earnings per share for the current year.

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Wednesday, May 20th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, May 20th. Chord Energy’s dividend payout ratio is -460.18%.

Insider Activity

In related news, COO Darrin J. Henke sold 1,276 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $145.97, for a total value of $186,257.72. Following the sale, the chief operating officer owned 21,157 shares of the company’s stock, valued at $3,088,287.29. The trade was a 5.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas E. Brooks sold 3,500 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $136.71, for a total value of $478,485.00. Following the completion of the sale, the director owned 20,205 shares in the company, valued at $2,762,225.55. This trade represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,276 shares of company stock valued at $1,285,968 in the last three months. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CHRD shares. Zacks Research downgraded shares of Chord Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Piper Sandler upped their price objective on shares of Chord Energy from $158.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. UBS Group increased their target price on shares of Chord Energy from $176.00 to $179.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen cut Chord Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Mizuho upped their price target on Chord Energy from $164.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and an average price target of $157.54.

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.