Chord Energy (NASDAQ:CHRD) Director Purchases $106,875.00 in Stock

Chord Energy Corporation (NASDAQ:CHRD) Director Samantha Holroyd purchased 1,250 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $85.50 per share, for a total transaction of $106,875.00. Following the transaction, the director directly owned 17,706 shares in the company, valued at approximately $1,513,863. This trade represents a 7.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Chord Energy Trading Down 0.2%

Shares of CHRD traded down $0.14 during trading hours on Monday, hitting $87.26. 681,907 shares of the stock were exchanged, compared to its average volume of 834,652. Chord Energy Corporation has a fifty-two week low of $79.83 and a fifty-two week high of $134.54. The business has a 50-day moving average of $97.51 and a 200-day moving average of $99.48. The firm has a market capitalization of $4.96 billion, a P/E ratio of 33.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.28.

Chord Energy (NASDAQ:CHRD) last released its earnings results on Tuesday, November 4th. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.11. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.02 billion. Chord Energy had a net margin of 3.31% and a return on equity of 8.27%. Chord Energy’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.40 earnings per share. On average, research analysts expect that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, November 19th. Chord Energy’s payout ratio is currently 200.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Scotiabank assumed coverage on Chord Energy in a research note on Friday, September 19th. They set a “sector perform” rating and a $120.00 target price for the company. Piper Sandler dropped their price target on Chord Energy from $169.00 to $167.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Chord Energy in a research report on Monday, October 6th. Wells Fargo & Company lowered their price objective on shares of Chord Energy from $149.00 to $108.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Finally, Roth Capital started coverage on Chord Energy in a report on Monday, October 13th. They issued a “buy” rating and a $130.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.38.

Institutional Trading of Chord Energy

Several institutional investors and hedge funds have recently modified their holdings of CHRD. Assetmark Inc. lifted its holdings in shares of Chord Energy by 7.3% in the second quarter. Assetmark Inc. now owns 1,417 shares of the company’s stock valued at $137,000 after purchasing an additional 96 shares in the last quarter. Lynx Investment Advisory lifted its stake in Chord Energy by 3.6% during the 2nd quarter. Lynx Investment Advisory now owns 2,847 shares of the company’s stock valued at $276,000 after acquiring an additional 99 shares in the last quarter. National Bank of Canada FI boosted its holdings in Chord Energy by 2.1% during the 1st quarter. National Bank of Canada FI now owns 5,258 shares of the company’s stock worth $592,000 after acquiring an additional 106 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Chord Energy by 1.4% in the 1st quarter. Voya Investment Management LLC now owns 7,579 shares of the company’s stock worth $854,000 after acquiring an additional 107 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Chord Energy by 4.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,921 shares of the company’s stock worth $329,000 after acquiring an additional 118 shares in the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

Chord Energy Company Profile

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.