World Investment Advisors Makes New $405,000 Investment in Chord Energy Corporation $CHRD

World Investment Advisors acquired a new position in shares of Chord Energy Corporation (NASDAQ:CHRD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,401 shares of the company’s stock, valued at approximately $405,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Versor Investments LP acquired a new position in Chord Energy during the 4th quarter worth $215,000. Crossmark Global Holdings Inc. grew its holdings in Chord Energy by 62.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,683 shares of the company’s stock worth $341,000 after acquiring an additional 1,410 shares in the last quarter. Bernzott Capital Advisors grew its holdings in Chord Energy by 41.6% during the 4th quarter. Bernzott Capital Advisors now owns 7,867 shares of the company’s stock worth $729,000 after acquiring an additional 2,312 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Chord Energy by 16.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 797 shares of the company’s stock worth $74,000 after acquiring an additional 113 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its holdings in Chord Energy by 4.0% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 7,202 shares of the company’s stock worth $668,000 after acquiring an additional 280 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CHRD shares. Zacks Research raised shares of Chord Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. UBS Group lifted their price target on shares of Chord Energy from $176.00 to $179.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Scotiabank lifted their price target on shares of Chord Energy from $114.00 to $135.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on shares of Chord Energy from $136.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings raised shares of Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $156.15.

Insider Transactions at Chord Energy

In related news, EVP Michael H. Lou sold 15,000 shares of Chord Energy stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $125.47, for a total value of $1,882,050.00. Following the sale, the executive vice president directly owned 82,699 shares in the company, valued at $10,376,243.53. This trade represents a 15.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Darrin J. Henke sold 1,276 shares of Chord Energy stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $145.97, for a total transaction of $186,257.72. Following the completion of the sale, the chief operating officer owned 21,157 shares in the company, valued at approximately $3,088,287.29. This represents a 5.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,203 shares of company stock worth $4,197,995 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Chord Energy Trading Down 2.7%

NASDAQ CHRD opened at $145.55 on Thursday. Chord Energy Corporation has a one year low of $84.25 and a one year high of $151.95. The company has a 50-day simple moving average of $136.83 and a 200-day simple moving average of $110.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. The firm has a market capitalization of $8.19 billion, a PE ratio of -128.81 and a beta of 0.52.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $4.56 EPS for the quarter, beating the consensus estimate of $3.51 by $1.05. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business posted $4.04 EPS. The company’s quarterly revenue was up 37.1% on a year-over-year basis. On average, equities analysts forecast that Chord Energy Corporation will post 19.11 earnings per share for the current year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Wednesday, May 20th will be given a $1.30 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $5.20 annualized dividend and a yield of 3.6%. Chord Energy’s dividend payout ratio (DPR) is currently -460.18%.

Chord Energy Profile

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.