Quantbot Technologies LP Invests $939,000 in Chord Energy Corporation $CHRD

Quantbot Technologies LP bought a new position in Chord Energy Corporation (NASDAQ:CHRD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,446 shares of the company’s stock, valued at approximately $939,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthCollab LLC increased its position in shares of Chord Energy by 90.6% in the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after acquiring an additional 145 shares during the period. Quent Capital LLC purchased a new stake in shares of Chord Energy during the third quarter worth about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Chord Energy by 91.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 411 shares of the company’s stock worth $40,000 after purchasing an additional 196 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Chord Energy in the third quarter worth about $46,000. Finally, Allworth Financial LP increased its holdings in Chord Energy by 160.5% during the 2nd quarter. Allworth Financial LP now owns 659 shares of the company’s stock valued at $64,000 after purchasing an additional 406 shares during the period. 97.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CHRD shares. Scotiabank reiterated a “sector perform” rating and issued a $114.00 price objective on shares of Chord Energy in a report on Friday, January 16th. UBS Group upped their target price on Chord Energy from $119.00 to $142.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group set a $99.00 price target on Chord Energy in a research note on Saturday, January 17th. Zacks Research cut shares of Chord Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, Wells Fargo & Company reduced their price objective on shares of Chord Energy from $113.00 to $109.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Chord Energy has an average rating of “Hold” and a consensus price target of $125.91.

Chord Energy Stock Performance

Chord Energy stock opened at $121.36 on Friday. Chord Energy Corporation has a twelve month low of $79.83 and a twelve month high of $122.46. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $6.90 billion, a P/E ratio of 192.63 and a beta of 0.84. The stock’s 50 day moving average is $99.42 and its 200 day moving average is $97.61.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business earned $3.49 earnings per share. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, equities research analysts predict that Chord Energy Corporation will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

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

Insider Transactions at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 1,801 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total transaction of $205,962.36. Following the completion of the sale, the executive vice president directly owned 20,188 shares in the company, valued at approximately $2,308,699.68. This trade represents a 8.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lara J. Kroll sold 5,000 shares of Chord Energy stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $113.66, for a total transaction of $568,300.00. Following the completion of the transaction, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at $1,013,960.86. This trade represents a 35.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.70% of the company’s stock.

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.