South Dakota Investment Council Has $18.89 Million Holdings in Chord Energy Corporation $CHRD

South Dakota Investment Council lessened its position in Chord Energy Corporation (NASDAQ:CHRD) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,890 shares of the company’s stock after selling 5,491 shares during the quarter. South Dakota Investment Council owned about 0.24% of Chord Energy worth $18,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHRD. Bessemer Group Inc. grew its position in shares of Chord Energy by 63.8% in the first quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock valued at $27,000 after purchasing an additional 74 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Chord Energy in the first quarter worth about $29,000. WealthCollab LLC lifted its position in shares of Chord Energy by 90.6% during the 2nd 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. Root Financial Partners LLC lifted its position in shares of Chord Energy by 178.6% during the 1st quarter. Root Financial Partners LLC now owns 234 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Chord Energy by 213.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 501 shares of the company’s stock valued at $47,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Chord Energy Stock Up 6.0%

NASDAQ CHRD opened at $136.47 on Thursday. Chord Energy Corporation has a twelve month low of $84.25 and a twelve month high of $151.95. The stock has a market cap of $7.68 billion, a PE ratio of -120.77 and a beta of 0.49. The firm has a 50-day simple moving average of $128.42 and a 200 day simple moving average of $123.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $4.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $1.05. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.21 billion. Chord Energy had a positive return on equity of 7.06% and a negative net margin of 1.25%.The company’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.04 earnings per share. On average, research analysts forecast that Chord Energy Corporation will post 18.32 EPS for the current year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Wednesday, May 20th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Chord Energy’s dividend payout ratio (DPR) is presently -460.18%.

Insider Buying and Selling

In other news, Director Douglas E. Brooks sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $138.57, for a total transaction of $207,855.00. Following the sale, the director directly owned 18,705 shares in the company, valued at approximately $2,591,951.85. The trade was a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Darrin J. Henke sold 1,276 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $145.97, for a total value of $186,257.72. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,276 shares of company stock worth $1,285,968. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CHRD has been the topic of a number of research analyst reports. Roth Capital reaffirmed a “buy” rating and issued a $145.00 target price on shares of Chord Energy in a report on Wednesday, July 15th. Citigroup cut their price target on Chord Energy from $155.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Scotiabank increased their price objective on Chord Energy from $114.00 to $135.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Williams Trading set a $189.00 price objective on shares of Chord Energy in a research note on Monday, April 20th. Finally, UBS Group dropped their target price on shares of Chord Energy from $179.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.38.

Chord Energy Company 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.