Chord Energy (NASDAQ:CHRD) Director Samantha Mckinney Sells 9,750 Shares

Chord Energy Corporation (NASDAQ:CHRD) Director Samantha Mckinney sold 9,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $149.94, for a total transaction of $1,461,915.00. Following the sale, the director directly owned 7,280 shares in the company, valued at $1,091,563.20. This trade represents a 57.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Samantha Mckinney also recently made the following trade(s):

• On Monday, August 10th, Samantha Mckinney sold 2,200 shares of Chord Energy stock. The shares were sold at an average price of $136.32, for a total transaction of $299,904.00.

Chord Energy Price Performance

Shares of CHRD traded down $0.83 during mid-day trading on Wednesday, reaching $149.58. 503,822 shares of the stock traded hands, compared to its average volume of 889,860. The firm has a fifty day moving average price of $131.75 and a 200 day moving average price of $130.92. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 10.03 and a beta of 0.50. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. Chord Energy Corporation has a 1 year low of $84.25 and a 1 year high of $153.00.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.55 by ($0.11). The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.62 billion. Chord Energy had a return on equity of 10.18% and a net margin of 13.42%.The company’s revenue for the quarter was up 128.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 EPS. As a group, equities research analysts predict that Chord Energy Corporation will post 18.61 earnings per share for the current year.

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Thursday, August 20th will be issued 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 3.5%. Chord Energy’s dividend payout ratio (DPR) is presently 34.85%.

Wall Street Analyst Weigh In

CHRD has been the topic of several research analyst reports. Zacks Research cut shares of Chord Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Wells Fargo & Company increased their price target on shares of Chord Energy from $163.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings upgraded shares of Chord Energy from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Mizuho raised shares of Chord Energy to a “strong-buy” rating in a report on Friday, July 31st. Finally, Truist Financial cut their target price on shares of Chord Energy from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.46.

Hedge Funds Weigh In On Chord Energy

A number of large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in Chord Energy by 11,278.5% during the second quarter. California State Teachers Retirement System now owns 7,608,151 shares of the company’s stock valued at $869,612,000 after buying an additional 7,541,287 shares during the period. Geode Capital Management LLC boosted its holdings in Chord Energy by 15.6% during the 4th quarter. Geode Capital Management LLC now owns 2,053,045 shares of the company’s stock valued at $190,346,000 after acquiring an additional 277,588 shares during the period. Wellington Management Group LLP grew its position in Chord Energy by 6.1% during the 4th quarter. Wellington Management Group LLP now owns 1,809,526 shares of the company’s stock worth $167,743,000 after acquiring an additional 104,373 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Chord Energy by 27.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,547,732 shares of the company’s stock worth $220,078,000 after acquiring an additional 329,565 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in Chord Energy by 18.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,243,850 shares of the company’s stock worth $115,305,000 after purchasing an additional 193,469 shares during the period. Hedge funds and other institutional investors 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.