Chord Energy Corporation $CHRD Holdings Decreased by Aventail Capital Group LP

Aventail Capital Group LP reduced its stake in shares of Chord Energy Corporation (NASDAQ:CHRD) by 75.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 88,867 shares of the company’s stock after selling 269,330 shares during the period. Aventail Capital Group LP’s holdings in Chord Energy were worth $8,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CHRD. Orion Porfolio Solutions LLC raised its stake in shares of Chord Energy by 6,714.2% during the second quarter. Orion Porfolio Solutions LLC now owns 709,086 shares of the company’s stock valued at $68,675,000 after purchasing an additional 698,680 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Chord Energy by 85.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,218,167 shares of the company’s stock valued at $112,927,000 after purchasing an additional 561,899 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Chord Energy by 210.5% during the second quarter. AQR Capital Management LLC now owns 734,225 shares of the company’s stock valued at $71,110,000 after purchasing an additional 497,789 shares in the last quarter. Barclays PLC grew its holdings in Chord Energy by 186.2% during the third quarter. Barclays PLC now owns 501,170 shares of the company’s stock worth $49,801,000 after acquiring an additional 326,054 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Chord Energy by 19.9% during the third quarter. Wellington Management Group LLP now owns 1,705,153 shares of the company’s stock worth $169,441,000 after acquiring an additional 282,746 shares during the period. 97.76% of the stock is currently owned by institutional investors.

Chord Energy Trading Up 0.2%

Shares of NASDAQ CHRD opened at $126.97 on Thursday. Chord Energy Corporation has a one year low of $84.25 and a one year high of $151.95. The firm has a market capitalization of $7.15 billion, a PE ratio of -112.36 and a beta of 0.48. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $137.56 and a two-hundred day moving average price of $117.14.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $4.56 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $1.05. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.21 billion. Chord Energy had a positive return on equity of 7.06% and a negative net margin of 1.25%.The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period last year, the company posted $4.04 EPS. As a group, analysts predict that Chord Energy Corporation will post 20.53 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Wednesday, May 20th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Chord Energy’s payout ratio is currently -460.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CHRD shares. Truist Financial lowered their target price on Chord Energy from $187.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, May 8th. UBS Group lifted their target price on Chord Energy from $176.00 to $179.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Scotiabank lifted their target price on Chord Energy from $114.00 to $135.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Citigroup lifted their target price on Chord Energy from $120.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. Finally, Zacks Research lowered Chord Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Chord Energy has a consensus rating of “Moderate Buy” and an average target price of $157.54.

Insider Activity at Chord Energy

In other Chord Energy news, COO Darrin J. Henke sold 1,276 shares of Chord Energy stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $145.97, for a total value of $186,257.72. Following the transaction, the chief operating officer directly owned 21,157 shares of the company’s stock, valued at $3,088,287.29. The trade was a 5.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas E. Brooks sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $136.71, for a total value of $478,485.00. Following the sale, the director owned 20,205 shares in the company, valued at approximately $2,762,225.55. This represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 9,276 shares of company stock worth $1,285,968. Company insiders own 0.79% 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.