Insider Selling: Chord Energy (NASDAQ:CHRD) EVP Sells $205,962.36 in Stock

Chord Energy Corporation (NASDAQ:CHRD) EVP Shannon Browning Kinney sold 1,801 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total value of $205,962.36. Following the completion of the transaction, the executive vice president directly owned 20,188 shares in the company, valued at approximately $2,308,699.68. The trade was a 8.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Chord Energy Price Performance

Chord Energy stock opened at $121.36 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. The business has a 50 day simple moving average of $99.42 and a 200-day simple moving average of $97.58. Chord Energy Corporation has a 12 month low of $79.83 and a 12 month high of $122.46. The stock has a market capitalization of $6.90 billion, a PE ratio of 192.63 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.03 billion. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. Chord Energy’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period last year, the firm posted $3.49 EPS. Equities analysts predict that Chord Energy Corporation will post 15.59 earnings per share for the current year.

Chord Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Thursday, March 12th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $5.20 annualized dividend and a dividend yield of 4.3%. Chord Energy’s payout ratio is presently 825.40%.

Trending Headlines about Chord Energy

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

• Positive Sentiment: UBS raised its price target to $142 and maintained a Buy — a sizable institutional upgrade that likely supported buying interest. Read More.
• Positive Sentiment: Piper Sandler boosted its target to $158 and kept an Overweight rating; the firm cited oil-supply risk as a tailwind for names like CHRD. Read More.
• Neutral Sentiment: Citigroup raised its target to $120 but kept a Neutral rating — the higher target narrows upside, but the neutral stance mutes the bullish signal. Read More.
• Neutral Sentiment: Analyst roundup: a Benzinga “Expert Outlook” summarizes 10 analyst views (mixed ratings and targets), giving context to the recent upgrades versus some hold/sell opinions. Read More.
• Neutral Sentiment: Reported short-interest data in feeds shows a reporting glitch (0 shares / NaN); not actionable until exchanges update official figures.
• Negative Sentiment: Insider selling: EVP Shannon Browning Kinney sold ~1,801 shares for ~$205,962 (avg ~$114.36) — disclosed on Form 4; insider sales can sap sentiment. Read More.
• Negative Sentiment: Another insider sale: CAO Lara Kroll sold 5,000 shares at ~$113.66 (SEC filing), trimming her position significantly. Read More.
• Negative Sentiment: Q4: CHRD beat EPS on lower expenses but showed year-over-year revenue and production declines and declared a $1.30 quarterly dividend (annualized $5.20). The very high reported payout ratio raises sustainability questions for the dividend. Read More.

Wall Street Analysts Forecast Growth

CHRD has been the subject of a number of recent analyst reports. Citigroup raised their price objective on shares of Chord Energy from $97.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings downgraded Chord Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Royal Bank Of Canada decreased their price target on Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Piper Sandler upped their price objective on Chord Energy from $151.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Scotiabank reiterated a “sector perform” rating and issued a $114.00 price objective on shares of Chord Energy in a research report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $125.91.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CHRD. WealthCollab LLC boosted its stake 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 acquiring an additional 145 shares in the last quarter. Quent Capital LLC purchased a new position in Chord Energy in the 3rd quarter valued at approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Chord Energy by 91.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 411 shares of the company’s stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Chord Energy during the third quarter worth $46,000. Finally, Triumph Capital Management acquired a new position in Chord Energy during the third quarter worth $56,000. 97.76% of the stock is owned by hedge funds and other institutional investors.

About Chord Energy

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.