Chord Energy (NASDAQ:CHRD) CAO Sells $568,300.00 in Stock

Chord Energy Corporation (NASDAQ:CHRD) CAO Lara Kroll sold 5,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $113.66, for a total value of $568,300.00. Following the completion of the transaction, the chief accounting officer directly owned 8,921 shares in the company, valued at approximately $1,013,960.86. This trade represents a 35.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Chord Energy Trading Up 4.6%

Shares of NASDAQ:CHRD traded up $5.29 during midday trading on Thursday, hitting $119.29. The company had a trading volume of 1,739,927 shares, compared to its average volume of 893,594. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. Chord Energy Corporation has a 12 month low of $79.83 and a 12 month high of $121.05. The firm has a fifty day simple moving average of $98.23 and a 200 day simple moving average of $97.32. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 189.35 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $3.49 earnings per share. The company’s quarterly revenue was down 19.6% on a year-over-year basis. On average, analysts predict that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 12th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $5.20 annualized dividend and a yield of 4.4%. Chord Energy’s dividend payout ratio (DPR) is presently 825.40%.

Hedge Funds Weigh In On Chord Energy

Hedge funds have recently made changes to their positions in the business. WealthCollab LLC boosted its holdings in Chord Energy by 90.6% during the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock worth $30,000 after purchasing an additional 145 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Chord Energy during the 3rd quarter worth about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Chord Energy by 91.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 411 shares of the company’s stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Chord Energy in the third quarter valued at about $46,000. Finally, Triumph Capital Management bought a new stake in Chord Energy during the third quarter worth about $56,000. 97.76% of the stock is owned by institutional investors.

Key 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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Chord Energy from $119.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler raised their price objective on Chord Energy from $151.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. Scotiabank reiterated a “sector perform” rating and set a $114.00 target price on shares of Chord Energy in a report on Friday, January 16th. Jefferies Financial Group set a $99.00 price target on Chord Energy in a report on Saturday, January 17th. Finally, Weiss Ratings lowered Chord Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.