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 firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $149.94, for a total value of $1,461,915.00. Following the completion of the sale, the director directly owned 7,280 shares of the company’s stock, valued at approximately $1,091,563.20. This trade represents a 57.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $299,904.00.

Chord Energy Stock Down 0.6%

Shares of Chord Energy stock opened at $149.58 on Thursday. The stock has a 50-day moving average price of $132.34 and a 200 day moving average price of $131.28. The company has a market cap of $8.18 billion, a P/E 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 announced its quarterly earnings data on Wednesday, August 5th. The company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.55 by ($0.11). The business had revenue of $2.17 billion for the quarter, compared to analyst estimates 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 was up 128.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 earnings per share. As a group, analysts expect that Chord Energy Corporation will post 18.61 EPS for the current fiscal year.

Chord Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 20th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, August 20th. Chord Energy’s dividend payout ratio (DPR) is currently 34.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Chord Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Wall Street Zen cut shares of Chord Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Roth Capital reaffirmed a “buy” rating and issued a $145.00 price target on shares of Chord Energy in a research note on Wednesday, July 15th. Mizuho upgraded Chord Energy to a “strong-buy” rating in a report on Friday, July 31st. Finally, Citigroup reduced their price objective on Chord Energy from $155.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chord Energy has an average rating of “Moderate Buy” and an average price target of $153.46.

Institutional Trading of Chord Energy

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake in shares of Chord Energy by 11,278.5% during the 2nd quarter. California State Teachers Retirement System now owns 7,608,151 shares of the company’s stock worth $869,612,000 after purchasing an additional 7,541,287 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Chord Energy by 15.6% in the 4th quarter. Geode Capital Management LLC now owns 2,053,045 shares of the company’s stock valued at $190,346,000 after purchasing an additional 277,588 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Chord Energy by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 1,809,526 shares of the company’s stock worth $167,743,000 after purchasing an additional 104,373 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Chord Energy by 27.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,547,732 shares of the company’s stock worth $220,078,000 after purchasing an additional 329,565 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in Chord Energy by 18.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,243,850 shares of the company’s stock worth $115,305,000 after buying an additional 193,469 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

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.