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

Chord Energy Corporation (NASDAQ:CHRD) Director Samantha Mckinney sold 9,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $149.94, for a total transaction of $1,461,915.00. Following the completion of the sale, the director directly owned 7,280 shares of the company’s stock, valued at approximately $1,091,563.20. This represents a 57.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

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

Chord Energy Price Performance

NASDAQ CHRD opened at $148.00 on Friday. Chord Energy Corporation has a 12 month low of $84.25 and a 12 month high of $153.00. The firm has a market capitalization of $8.10 billion, a PE ratio of 9.92 and a beta of 0.50. The company’s 50 day simple moving average is $132.91 and its 200 day simple moving average is $131.60. 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 (NASDAQ:CHRD) last released 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 during the quarter, compared to analyst estimates 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 last year, the company earned $1.79 earnings per share. As a group, equities research analysts forecast that Chord Energy Corporation will post 18.61 EPS for the current fiscal year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders 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 dividend yield of 3.5%. Chord Energy’s dividend payout ratio is 34.85%.

Analyst Upgrades and Downgrades

CHRD has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Chord Energy in a report on Monday, June 29th. UBS Group upped their price target on shares of Chord Energy from $153.00 to $171.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Mizuho upgraded shares of Chord Energy to a “strong-buy” rating in a research report on Friday, July 31st. Roth Capital reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Chord Energy in a research note on Wednesday, July 15th. Finally, Morgan Stanley cut their target price on shares of Chord Energy from $175.00 to $169.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $153.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its stake in Chord Energy by 11,278.5% in the 2nd quarter. California State Teachers Retirement System now owns 7,608,151 shares of the company’s stock worth $869,612,000 after acquiring an additional 7,541,287 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in Chord Energy by 6,714.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 709,086 shares of the company’s stock worth $68,675,000 after acquiring an additional 698,680 shares during the period. Bank of New York Mellon Corp purchased a new position in Chord Energy during the 2nd quarter valued at about $66,489,000. Dimensional Fund Advisors LP grew its stake in Chord Energy by 85.6% during the 4th 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. Finally, AQR Capital Management LLC increased its holdings in shares of Chord Energy by 210.5% in the 2nd quarter. AQR Capital Management LLC now owns 734,225 shares of the company’s stock valued at $71,110,000 after purchasing an additional 497,789 shares during the period. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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.