3,781 Shares of Chord Energy Corporation $CHRD Acquired by Wavvest Wealth LLC

Wavvest Wealth LLC bought a new position in Chord Energy Corporation (NASDAQ:CHRD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,781 shares of the company’s stock, valued at approximately $507,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Chord Energy by 63.8% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock worth $27,000 after buying an additional 74 shares in the last quarter. Versant Capital Management Inc boosted its stake in Chord Energy by 330.9% during the second quarter. Versant Capital Management Inc now owns 237 shares of the company’s stock valued at $27,000 after buying an additional 182 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Chord Energy during the first quarter worth about $29,000. Alpine Bank Wealth Management acquired a new position in Chord Energy during the third quarter worth about $29,000. Finally, Root Financial Partners LLC raised its position in Chord Energy by 178.6% in the first quarter. Root Financial Partners LLC now owns 234 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors.

Insider Activity at Chord Energy

In other Chord Energy news, Director Samantha Mckinney sold 9,750 shares of the business’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 directly owned 7,280 shares of the company’s stock, valued at $1,091,563.20. The trade was a 57.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shannon Kinney sold 4,019 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.00, for a total transaction of $562,660.00. Following the sale, the executive vice president directly owned 13,560 shares in the company, valued at approximately $1,898,400. This trade represents a 22.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 23,969 shares of company stock worth $3,389,599. 0.79% of the stock is owned by corporate insiders.

Chord Energy Trading Down 0.9%

Shares of CHRD opened at $150.85 on Thursday. The business’s 50-day moving average price is $144.33 and its 200 day moving average price is $136.93. The stock has a market capitalization of $8.25 billion, a P/E ratio of 10.11 and a beta of 0.59. Chord Energy Corporation has a 1-year low of $84.25 and a 1-year high of $157.06. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.55 by ($0.11). Chord Energy had a net margin of 13.42% and a return on equity of 10.18%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company posted $1.79 earnings per share. Chord Energy’s quarterly revenue was up 128.6% compared to the same quarter last year. Analysts expect that Chord Energy Corporation will post 22.27 earnings per share for the current year.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Thursday, August 20th were issued a dividend of $1.30 per share. The ex-dividend date was Thursday, August 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.4%. Chord Energy’s payout ratio is currently 34.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Mizuho upped their price target on shares of Chord Energy from $175.00 to $179.00 and gave the company an “outperform” rating in a report on Monday, October 5th. UBS Group lifted their price objective on shares of Chord Energy from $193.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Chord Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Truist Financial boosted their target price on shares of Chord Energy from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Finally, Jefferies Financial Group increased their target price on shares of Chord Energy from $133.00 to $150.00 and gave the company a “hold” rating in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.54.

Trending Headlines about Chord Energy

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: UBS raised its price target to $197 from $193 and maintained a Buy rating, implying substantial potential upside based on the referenced market price. The target increase is a direct positive catalyst for CHRD. Chord Energy price target raised by UBS
• Positive Sentiment: Zacks cited favorable earnings-estimate revisions as evidence that Chord Energy may continue its recent upward momentum, potentially improving expectations ahead of its next results. Why Chord Energy Might Be Well Poised for a Surge
• Positive Sentiment: CHRD was added to several Zacks Rank #1 Strong Buy lists on October 21, including growth, value, income and momentum screens. The repeated inclusion highlights favorable quantitative characteristics across multiple investment styles. New Strong Buy Stocks for October 21
• Neutral Sentiment: Commentary also describes Chord Energy as a growth, value and momentum candidate, while a separate article discusses whether the company is undervalued under new CEO Michael Lou. These are supportive themes but largely reiterate existing investment factors rather than announce new operating developments. Is Chord Energy Undervalued as New CEO Takes Charge?
• Neutral Sentiment: Investors are approaching an earnings catalyst. Chord Energy’s prior quarter included strong revenue growth but a slight EPS miss, so future results and guidance could determine whether the recent bullish estimates are validated. Strong Buy Growth Stocks Before Earnings

About Chord Energy

Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company’s production mix includes crude oil, natural gas and natural gas liquids.

Chord’s operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.