Chord Energy Co. (NASDAQ:CHRD) CAO Shannon Browning Kinney Sells 1,000 Shares

Chord Energy Co. (NASDAQ:CHRD) CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the sale, the chief accounting officer now directly owns 19,488 shares in the company, valued at approximately $2,267,428.80. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shannon Browning Kinney also recently made the following trade(s):

• On Monday, December 9th, Shannon Browning Kinney sold 1,000 shares of Chord Energy stock. The shares were sold at an average price of $121.27, for a total value of $121,270.00.

Chord Energy Trading Down 3.1 %

Shares of NASDAQ CHRD opened at $111.54 on Thursday. The business has a fifty day simple moving average of $127.08 and a 200-day simple moving average of $145.54. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 5.74, a P/E/G ratio of 4.79 and a beta of 0.96. Chord Energy Co. has a 12 month low of $111.50 and a 12 month high of $190.23. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $5.04 earnings per share. The business’s quarterly revenue was up 33.4% compared to the same quarter last year. Sell-side analysts predict that Chord Energy Co. will post 16.5 EPS for the current year.

Chord Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is currently 25.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CHRD shares. Bank of America upped their price objective on shares of Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Piper Sandler reduced their price target on shares of Chord Energy from $212.00 to $194.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group lowered their price objective on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. BMO Capital Markets cut their target price on Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Wells Fargo & Company lifted their price target on Chord Energy from $175.00 to $176.00 and gave the company an “overweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.55.

Institutional Trading of Chord Energy

Several hedge funds and other institutional investors have recently modified their holdings of CHRD. Envestnet Portfolio Solutions Inc. lifted its stake in Chord Energy by 11.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,899 shares of the company’s stock worth $654,000 after acquiring an additional 403 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Chord Energy during the second quarter worth approximately $19,532,000. Raymond James & Associates grew its position in Chord Energy by 77.6% during the second quarter. Raymond James & Associates now owns 140,582 shares of the company’s stock valued at $23,573,000 after purchasing an additional 61,442 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Chord Energy by 98.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,292 shares of the company’s stock valued at $552,000 after buying an additional 1,630 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Chord Energy in the 2nd quarter worth approximately $207,000. 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.