Shannon Browning Kinney Sells 3,091 Shares of Chord Energy Co. (NASDAQ:CHRD) Stock

Chord Energy Co. (NASDAQ:CHRD) EVP Shannon Browning Kinney sold 3,091 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $94.10, for a total value of $290,863.10. Following the transaction, the executive vice president now owns 21,277 shares in the company, valued at $2,002,165.70. The trade was a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Chord Energy Stock Performance

CHRD stock opened at $99.49 on Wednesday. Chord Energy Co. has a one year low of $79.83 and a one year high of $188.02. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 5.12, a PEG ratio of 5.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a 50-day simple moving average of $98.47 and a two-hundred day simple moving average of $112.17.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.60 by $0.44. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.07 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. Chord Energy’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.10 EPS. On average, equities analysts forecast that Chord Energy Co. will post 15.59 EPS for the current fiscal year.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 21st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Wednesday, May 21st. Chord Energy’s payout ratio is presently 34.78%.

Analyst Upgrades and Downgrades

CHRD has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on Chord Energy from $166.00 to $158.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Williams Trading set a $155.00 price objective on shares of Chord Energy in a research note on Wednesday, March 5th. Morgan Stanley set a $139.00 target price on shares of Chord Energy and gave the stock a “cautious” rating in a report on Wednesday, March 26th. Bank of America upgraded shares of Chord Energy from a “neutral” rating to a “buy” rating and reduced their price target for the company from $125.00 to $114.00 in a report on Tuesday, April 29th. Finally, Mizuho lowered their price target on shares of Chord Energy from $154.00 to $150.00 and set an “outperform” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.92.

Institutional Trading of Chord Energy

A number of institutional investors have recently made changes to their positions in CHRD. Altshuler Shaham Ltd acquired a new position in Chord Energy during the 4th quarter valued at about $25,000. Brooklyn Investment Group purchased a new stake in shares of Chord Energy during the fourth quarter worth about $29,000. Twin Tree Management LP acquired a new position in shares of Chord Energy during the fourth quarter valued at about $33,000. Larson Financial Group LLC raised its position in shares of Chord Energy by 238.3% in the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company’s stock valued at $37,000 after purchasing an additional 224 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Chord Energy in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

About Chord Energy

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.