Chord Energy Corporation (CHRD) To Go Ex-Dividend on November 19th

Chord Energy Corporation (NASDAQ:CHRD) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Thursday, November 19th will be given a dividend of $1.30 per share on Monday, December 7th. This represents a $5.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, November 19th.

Chord Energy has a dividend payout ratio of 53.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Chord Energy to earn $20.02 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 26.0%.

Chord Energy Stock Performance

Shares of NASDAQ:CHRD opened at $132.45 on Friday. The company’s 50 day simple moving average is $145.61 and its 200 day simple moving average is $131.65. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 8.30 and a beta of 0.48. 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 has a 1 year low of $84.25 and a 1 year high of $159.96.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $6.08 EPS for the quarter, beating the consensus estimate of $5.68 by $0.40. Chord Energy had a net margin of 13.40% and a return on equity of 12.58%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned $2.35 earnings per share. The company’s revenue was up 30.0% on a year-over-year basis. As a group, research analysts predict that Chord Energy will post 23.11 EPS for the current fiscal year.

Insider Buying and Selling at Chord Energy

In other news, EVP Shannon Kinney sold 4,019 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.00, for a total value of $562,660.00. Following the completion of the transaction, the executive vice president directly owned 13,560 shares in the company, valued at approximately $1,898,400. This represents a 22.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Samantha Mckinney sold 9,750 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $149.94, for a total value of $1,461,915.00. Following the sale, the director directly owned 7,280 shares in the company, valued at approximately $1,091,563.20. This trade represents a 57.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,969 shares of company stock valued at $2,324,479 over the last quarter. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Chord Energy

Hedge funds have recently made changes to their positions in the company. Maryland State Retirement & Pension System lifted its position in shares of Chord Energy by 14.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 3,287 shares of the company’s stock worth $441,000 after purchasing an additional 415 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Chord Energy by 12.4% in the 3rd quarter. Ritholtz Wealth Management now owns 2,906 shares of the company’s stock valued at $390,000 after purchasing an additional 321 shares during the last quarter. Jacobi Capital Management LLC acquired a new stake in shares of Chord Energy during the third quarter worth $60,000. Keybank National Association OH increased its position in shares of Chord Energy by 15.4% during the third quarter. Keybank National Association OH now owns 4,227 shares of the company’s stock worth $567,000 after buying an additional 563 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in shares of Chord Energy during the third quarter worth $238,000. 97.76% of the stock is owned by institutional investors and hedge funds.

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.