Chord Energy Corporation $CHRD Shares Sold by Caxton Associates LLP

Caxton Associates LLP decreased its holdings in Chord Energy Corporation (NASDAQ:CHRD) by 27.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,237 shares of the company’s stock after selling 4,148 shares during the quarter. Caxton Associates LLP’s holdings in Chord Energy were worth $1,598,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CHRD. Geode Capital Management LLC lifted its holdings in Chord Energy by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 2,053,045 shares of the company’s stock worth $190,346,000 after purchasing an additional 277,588 shares during the period. Wellington Management Group LLP increased its stake in Chord Energy by 6.1% during the 4th quarter. Wellington Management Group LLP now owns 1,809,526 shares of the company’s stock valued at $167,743,000 after buying an additional 104,373 shares during the period. Dimensional Fund Advisors LP increased its stake in Chord Energy by 27.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,547,732 shares of the company’s stock valued at $220,078,000 after buying an additional 329,565 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Chord Energy by 18.4% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,243,850 shares of the company’s stock valued at $115,305,000 after buying an additional 193,469 shares during the period. Finally, Sourcerock Group LLC raised its position in shares of Chord Energy by 2.1% during the 2nd quarter. Sourcerock Group LLC now owns 1,031,973 shares of the company’s stock worth $99,947,000 after buying an additional 20,916 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chord Energy

In related news, COO Darrin J. Henke sold 1,276 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer owned 21,157 shares in the company, valued at $3,088,287.29. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas E. Brooks sold 3,500 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was 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. The trade was a 14.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,276 shares of company stock worth $1,285,968 in the last ninety days. 0.79% of the stock is owned by corporate insiders.

Chord Energy Price Performance

Shares of NASDAQ CHRD opened at $138.36 on Friday. Chord Energy Corporation has a twelve month low of $84.25 and a twelve month high of $151.95. 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 company has a market capitalization of $7.79 billion, a price-to-earnings ratio of -122.44 and a beta of 0.49. The firm has a 50-day moving average of $129.37 and a two-hundred day moving average of $122.34.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $4.56 earnings per share for the quarter, beating the consensus estimate of $3.51 by $1.05. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $4.04 EPS. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. As a group, analysts expect that Chord Energy Corporation will post 18.32 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

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. The ex-dividend date was Wednesday, May 20th. This represents a $5.20 annualized dividend and a yield of 3.8%. Chord Energy’s payout ratio is -460.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHRD. Zacks Research lowered shares of Chord Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Morgan Stanley lowered their price objective on shares of Chord Energy from $175.00 to $169.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Williams Trading set a $189.00 target price on Chord Energy in a report on Monday, April 20th. Citigroup cut their target price 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. Finally, Truist Financial decreased their price target on Chord Energy from $185.00 to $170.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $152.38.

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.