Chord Energy Corporation $CHRD Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of Chord Energy Corporation (NASDAQ:CHRD) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 727,166 shares of the company’s stock after selling 67,605 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Chord Energy were worth $68,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Chord Energy by 17.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,964 shares of the company’s stock worth $13,973,000 after purchasing an additional 18,137 shares during the period. Focus Partners Wealth acquired a new position in Chord Energy during the 1st quarter valued at approximately $289,000. Prudential Financial Inc. grew its stake in Chord Energy by 3.5% during the 2nd quarter. Prudential Financial Inc. now owns 7,396 shares of the company’s stock worth $716,000 after buying an additional 253 shares during the last quarter. Hsbc Holdings PLC grew its stake in Chord Energy by 211.6% during the 2nd quarter. Hsbc Holdings PLC now owns 111,522 shares of the company’s stock worth $10,842,000 after buying an additional 75,727 shares during the last quarter. Finally, M&T Bank Corp increased its position in Chord Energy by 48.8% in the second quarter. M&T Bank Corp now owns 4,056 shares of the company’s stock worth $393,000 after buying an additional 1,330 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Transactions at Chord Energy

In other news, CAO Lara J. Kroll sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was 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 owned 8,921 shares in the company, valued at $1,013,960.86. This represents a 35.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Douglas E. Brooks sold 2,126 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $120.28, for a total value of $255,715.28. Following the transaction, the director directly owned 25,181 shares of the company’s stock, valued at $3,028,770.68. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 23,927 shares of company stock valued at $2,912,028. Company insiders own 0.79% of the company’s stock.

Chord Energy Stock Down 2.8%

Chord Energy stock opened at $142.18 on Wednesday. Chord Energy Corporation has a 52 week low of $79.83 and a 52 week high of $148.41. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 225.68 and a beta of 0.84. The company’s 50-day moving average price is $112.95 and its two-hundred day moving average price is $100.60. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.

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

Chord Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 12th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, March 12th. Chord Energy’s dividend payout ratio is 825.40%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CHRD shares. Citigroup boosted their price target on shares of Chord Energy from $120.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Chord Energy from $109.00 to $136.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Mizuho set a $148.00 target price on shares of Chord Energy in a research note on Friday, January 9th. Wall Street Zen upgraded shares of Chord Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Truist Financial began coverage on shares of Chord Energy in a research note on Tuesday, March 24th. They issued a “buy” rating and a $169.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.83.

Key Stories Impacting Chord Energy

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: Morgan Stanley upgraded CHRD, a clear buy-side signal that can attract institutional demand and support the stock’s momentum. Chord Energy (NASDAQ:CHRD) Upgraded at Morgan Stanley
• Positive Sentiment: Zacks reports that earnings estimates for CHRD are moving higher — upward estimate revisions often precede price gains as sell-side forecasts converge on stronger expected earnings. Earnings Estimates Moving Higher for Chord Energy Corporation (CHRD): Time to Buy?
• Positive Sentiment: CHRD is being highlighted as a momentum/near-52-week-high name across several Zacks pieces and other outlets — inclusion on momentum lists can draw momentum and quant flows. 4 Stocks Trading Near 52-Week High With More Upside Potential
• Positive Sentiment: Chord hit a yearly high amid Nasdaq‑100 momentum, signaling broader index flows may have helped push the stock higher before today’s pullback. Chord Energy (NASDAQ:CHRD) Hits Yearly High Amid Nasdaq 100 Index Momentum
• Positive Sentiment: Zacks added CHRD to its Zacks Rank #1 income stocks list, which may attract income- and dividend-focused investors. Best Income Stocks to Buy for March 31st
• Neutral Sentiment: Citigroup lifted its price target to $155 from $120 (implying further upside) but kept a “neutral” rating — the higher target is supportive, but the neutral stance limits the strength of the buy recommendation. Benzinga

Chord Energy Company Profile

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.