Jefferies Financial Group Inc. Makes New $6.49 Million Investment in Chord Energy Corporation $CHRD

Jefferies Financial Group Inc. bought a new position in shares of Chord Energy Corporation (NASDAQ:CHRD) in the fourth quarter, HoldingsChannel reports. The firm bought 70,000 shares of the company’s stock, valued at approximately $6,489,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHRD. WealthCollab LLC boosted its position in shares of Chord Energy by 90.6% during the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock worth $30,000 after acquiring an additional 145 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Chord Energy during the third quarter valued at $46,000. TD Private Client Wealth LLC raised its stake in Chord Energy by 360.3% during the fourth quarter. TD Private Client Wealth LLC now owns 580 shares of the company’s stock valued at $54,000 after purchasing an additional 454 shares in the last quarter. Triumph Capital Management purchased a new stake in Chord Energy during the third quarter valued at $56,000. Finally, Farther Finance Advisors LLC raised its stake in Chord Energy by 111.1% during the fourth quarter. Farther Finance Advisors LLC now owns 644 shares of the company’s stock valued at $60,000 after purchasing an additional 339 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.

Insider Buying and Selling

In other Chord Energy news, EVP Michael H. Lou sold 15,000 shares of Chord Energy stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $125.47, for a total transaction of $1,882,050.00. Following the completion of the sale, the executive vice president directly owned 82,699 shares in the company, valued at approximately $10,376,243.53. The trade was a 15.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Lara J. Kroll sold 5,000 shares of Chord Energy stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $113.66, for a total transaction of $568,300.00. Following the sale, the chief accounting officer owned 8,921 shares of the company’s stock, valued at approximately $1,013,960.86. The trade was a 35.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 33,203 shares of company stock worth $4,197,995 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Mizuho increased their target price on shares of Chord Energy from $162.00 to $164.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of Chord Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Wells Fargo & Company increased their target price on shares of Chord Energy from $136.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Roth Mkm reissued a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Chord Energy in a research note on Friday, April 17th. Finally, Truist Financial cut their price target on shares of Chord Energy from $187.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.69.

Chord Energy Price Performance

Shares of Chord Energy stock opened at $143.98 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. Chord Energy Corporation has a 1 year low of $84.25 and a 1 year high of $151.95. The firm’s 50-day moving average is $138.11 and its two-hundred day moving average is $111.83. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of -127.42 and a beta of 0.52.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results on Tuesday, May 5th. The company reported $4.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $1.05. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business earned $4.04 EPS. The company’s revenue was up 37.1% compared to the same quarter last year. As a group, research analysts expect that Chord Energy Corporation will post 20.53 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Wednesday, May 20th will be paid a $1.30 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $5.20 dividend on an annualized basis and a yield of 3.6%. Chord Energy’s dividend payout ratio (DPR) is -460.18%.

Chord Energy 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.