9,446 Shares in Chord Energy Corporation $CHRD Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in Chord Energy Corporation (NASDAQ:CHRD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,446 shares of the company’s stock, valued at approximately $939,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of Chord Energy in the third quarter valued at approximately $295,000. AlphaCore Capital LLC boosted its holdings in Chord Energy by 1.1% in the 3rd quarter. AlphaCore Capital LLC now owns 19,843 shares of the company’s stock valued at $1,972,000 after purchasing an additional 207 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Chord Energy during the 3rd quarter valued at $744,000. EverSource Wealth Advisors LLC increased its holdings in shares of Chord Energy by 25.1% in the third quarter. EverSource Wealth Advisors LLC now owns 1,945 shares of the company’s stock worth $193,000 after purchasing an additional 390 shares during the period. Finally, Factorial Partners LLC raised its position in shares of Chord Energy by 5.7% in the third quarter. Factorial Partners LLC now owns 49,700 shares of the company’s stock worth $4,939,000 after buying an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup boosted their target price on Chord Energy from $97.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company dropped their price target on Chord Energy from $113.00 to $109.00 and set an “overweight” rating for the company in a research report on Tuesday, January 27th. UBS Group upped their price objective on shares of Chord Energy from $119.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank Of Canada lowered their target price on shares of Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group set a $99.00 target price on shares of Chord Energy in a research report on Saturday, January 17th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Chord Energy currently has an average rating of “Hold” and an average price target of $125.91.

Insiders Place Their Bets

In other Chord Energy news, CAO Lara J. Kroll sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $113.66, for a total value of $568,300.00. Following the completion of the sale, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at $1,013,960.86. The trade was a 35.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $205,962.36. Following the transaction, the executive vice president directly owned 20,188 shares in the company, valued at $2,308,699.68. This trade represents a 8.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.70% of the stock is owned by company insiders.

Chord Energy Stock Performance

NASDAQ:CHRD opened at $121.36 on Friday. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 192.63 and a beta of 0.84. The business has a 50 day moving average of $99.42 and a 200 day moving average of $97.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. Chord Energy Corporation has a 1-year low of $79.83 and a 1-year high of $122.46.

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

Chord Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 12th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, March 12th. Chord Energy’s dividend payout ratio (DPR) is presently 825.40%.

Chord Energy News Roundup

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.

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.