Chord Energy (NASDAQ:CHRD) Director Samantha Mckinney Sells 9,750 Shares of Stock

Chord Energy Corporation (NASDAQ:CHRD) Director Samantha Mckinney sold 9,750 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $149.94, for a total transaction of $1,461,915.00. Following the sale, the director owned 7,280 shares of the company’s stock, valued at $1,091,563.20. This represents a 57.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Samantha Mckinney also recently made the following trade(s):

• On Monday, August 10th, Samantha Mckinney sold 2,200 shares of Chord Energy stock. The stock was sold at an average price of $136.32, for a total transaction of $299,904.00.

Chord Energy Trading Down 0.6%

Chord Energy stock traded down $0.83 during trading hours on Wednesday, reaching $149.58. The stock had a trading volume of 503,822 shares, compared to its average volume of 889,860. The stock has a market cap of $8.18 billion, a PE ratio of 10.03 and a beta of 0.50. The company has a fifty day simple moving average of $131.75 and a 200-day simple moving average of $130.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.22 and a quick ratio of 1.15. Chord Energy Corporation has a 52 week low of $84.25 and a 52 week high of $153.00.

Chord Energy (NASDAQ:CHRD) last posted its earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.55 by ($0.11). The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%.The business’s revenue for the quarter was up 128.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 earnings per share. Analysts forecast that Chord Energy Corporation will post 18.61 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be issued a $1.30 dividend. The ex-dividend date is Thursday, August 20th. This represents a $5.20 annualized dividend and a yield of 3.5%. Chord Energy’s dividend payout ratio (DPR) is 34.85%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CHRD. Weiss Ratings upgraded Chord Energy from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Mizuho raised shares of Chord Energy to a “strong-buy” rating in a research report on Friday, July 31st. BMO Capital Markets restated an “outperform” rating on shares of Chord Energy in a report on Monday, June 29th. Zacks Research cut shares of Chord Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Finally, Citigroup cut their target price on shares of Chord Energy from $155.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $153.46.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Chord Energy by 17.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,964 shares of the company’s stock worth $13,973,000 after purchasing an additional 18,137 shares during the period. Focus Partners Wealth bought a new stake in shares of Chord Energy in the 1st quarter worth approximately $289,000. EverSource Wealth Advisors LLC grew its stake in shares of Chord Energy by 364.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the company’s stock worth $151,000 after buying an additional 1,220 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Chord Energy in the 2nd quarter worth approximately $1,010,000. Finally, Gamco Investors INC. ET AL increased its position in Chord Energy by 108.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 10,429 shares of the company’s stock valued at $1,010,000 after buying an additional 5,428 shares in the last quarter. 97.76% of the stock is currently owned by 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.