Samantha Mckinney Sells 2,200 Shares of Chord Energy (NASDAQ:CHRD) Stock

Chord Energy Corporation (NASDAQ:CHRD) Director Samantha Mckinney sold 2,200 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $136.32, for a total value of $299,904.00. Following the sale, the director owned 17,030 shares of the company’s stock, valued at $2,321,529.60. This represents a 11.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chord Energy Trading Down 1.2%

Shares of Chord Energy stock traded down $1.65 during trading hours on Wednesday, reaching $137.58. The stock had a trading volume of 688,018 shares, compared to its average volume of 912,920. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 9.22 and a beta of 0.48. Chord Energy Corporation has a 1 year low of $84.25 and a 1 year high of $151.95. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $128.06 and a two-hundred day simple moving average of $126.20.

Chord Energy (NASDAQ:CHRD) last issued its earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.55 by ($0.11). The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%.The firm’s revenue for the quarter was up 128.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.79 EPS. As a group, equities research analysts anticipate that Chord Energy Corporation will post 18.5 earnings per share for the current year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be given a $1.30 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.20 annualized dividend and a dividend yield of 3.8%. Chord Energy’s dividend payout ratio is presently 34.85%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CHRD shares. Zacks Research lowered shares of Chord Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Chord Energy in a report on Monday, June 29th. Scotiabank raised their price objective on Chord Energy from $114.00 to $135.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Williams Trading set a $189.00 price objective on shares of Chord Energy in a research report on Monday, April 20th. Finally, Mizuho upgraded shares of Chord Energy to a “strong-buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.46.

Institutional Trading of Chord Energy

Hedge funds have recently made changes to their positions in the stock. New Age Alpha Advisors LLC lifted its stake in Chord Energy by 18.0% in the fourth quarter. New Age Alpha Advisors LLC now owns 55,284 shares of the company’s stock valued at $5,125,000 after buying an additional 8,437 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Chord Energy during the fourth quarter worth about $6,489,000. LSV Asset Management increased its holdings in shares of Chord Energy by 269.0% in the 4th quarter. LSV Asset Management now owns 149,385 shares of the company’s stock worth $13,848,000 after acquiring an additional 108,900 shares during the period. Fox Run Management L.L.C. lifted its position in Chord Energy by 122.8% in the 4th quarter. Fox Run Management L.L.C. now owns 16,689 shares of the company’s stock valued at $1,547,000 after purchasing an additional 9,199 shares during the last quarter. Finally, UBS Group AG lifted its position in Chord Energy by 11.4% in the 4th quarter. UBS Group AG now owns 644,481 shares of the company’s stock valued at $59,743,000 after purchasing an additional 65,804 shares during the last quarter. Institutional investors and hedge funds own 97.76% 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.