Chord Energy (NASDAQ:CHRD) EVP Sells $318,293.17 in Stock

Chord Energy Corporation (NASDAQ:CHRD) EVP Shannon Browning Kinney sold 3,019 shares of Chord Energy stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $105.43, for a total transaction of $318,293.17. Following the completion of the sale, the executive vice president owned 14,650 shares of the company’s stock, valued at $1,544,549.50. This trade represents a 17.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shannon Browning Kinney also recently made the following trade(s):

• On Thursday, August 14th, Shannon Browning Kinney sold 1,000 shares of Chord Energy stock. The shares were sold at an average price of $101.64, for a total transaction of $101,640.00.

Chord Energy Stock Up 2.2%

Chord Energy stock opened at $108.31 on Thursday. Chord Energy Corporation has a fifty-two week low of $79.83 and a fifty-two week high of $150.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.97. The firm has a 50 day moving average price of $104.58 and a 200 day moving average price of $101.69. The company has a market capitalization of $6.20 billion, a PE ratio of 27.56 and a beta of 0.97.

Chord Energy (NASDAQ:CHRD) last posted its earnings results on Wednesday, August 6th. The company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). Chord Energy had a net margin of 5.02% and a return on equity of 9.02%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $984.07 million. During the same quarter last year, the business posted $4.69 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts expect that Chord Energy Corporation will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Thursday, August 21st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.8%. The ex-dividend date is Thursday, August 21st. Chord Energy’s dividend payout ratio (DPR) is 132.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CHRD shares. Bank of America dropped their price target on shares of Chord Energy from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Wall Street Zen downgraded shares of Chord Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Wells Fargo & Company boosted their price target on shares of Chord Energy from $143.00 to $146.00 and gave the stock an “overweight” rating in a research note on Friday, August 15th. Citigroup boosted their price target on shares of Chord Energy from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, UBS Group boosted their price target on shares of Chord Energy from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Chord Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.92.

Institutional Investors Weigh In On Chord Energy

Institutional investors have recently modified their holdings of the company. Bayforest Capital Ltd purchased a new stake in shares of Chord Energy during the 2nd quarter worth $28,000. WealthCollab LLC lifted its position 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 purchasing an additional 145 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Chord Energy by 91.2% during the 2nd 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 last quarter. Hexagon Capital Partners LLC lifted its position in shares of Chord Energy by 321.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 447 shares of the company’s stock worth $50,000 after purchasing an additional 341 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Chord Energy by 5,877.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 538 shares of the company’s stock worth $61,000 after purchasing an additional 529 shares during 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.