Shannon Browning Kinney Sells 1,801 Shares of Chord Energy (NASDAQ:CHRD) Stock

Chord Energy Corporation (NASDAQ:CHRD) EVP Shannon Browning Kinney sold 1,801 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $114.36, for a total value of $205,962.36. Following the sale, the executive vice president owned 20,188 shares of the company’s stock, valued at approximately $2,308,699.68. This trade represents a 8.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Chord Energy Stock Up 1.7%

Shares of CHRD stock opened at $121.36 on Friday. The stock’s 50 day simple moving average is $99.42 and its 200 day simple moving average is $97.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.06. Chord Energy Corporation has a twelve month low of $79.83 and a twelve month high of $122.46. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 192.63 and a beta of 0.84.

Chord Energy (NASDAQ:CHRD) last posted its earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.03 billion. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The company’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.49 EPS. As a group, research analysts predict that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Thursday, March 12th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Thursday, March 12th. Chord Energy’s payout ratio is presently 825.40%.

Institutional Investors Weigh In On Chord Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC increased its position in Chord Energy by 169.1% during the fourth quarter. Hsbc Holdings PLC now owns 164,220 shares of the company’s stock worth $15,138,000 after acquiring an additional 103,202 shares during the period. Sankala Group LLC bought a new stake in Chord Energy in the 4th quarter valued at $57,000. MidFirst Bank acquired a new stake in Chord Energy in the 4th quarter worth $115,000. Invesco Ltd. grew its position in Chord Energy by 23.6% in the 4th quarter. Invesco Ltd. now owns 318,448 shares of the company’s stock worth $29,520,000 after purchasing an additional 60,806 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Chord Energy during the 4th quarter worth about $1,381,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Key Headlines Impacting Chord Energy

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

• Positive Sentiment: UBS raised its price target to $142 and maintained a Buy — a sizable institutional upgrade that likely supported buying interest. Read More.
• Positive Sentiment: Piper Sandler boosted its target to $158 and kept an Overweight rating; the firm cited oil-supply risk as a tailwind for names like CHRD. Read More.
• Neutral Sentiment: Citigroup raised its target to $120 but kept a Neutral rating — the higher target narrows upside, but the neutral stance mutes the bullish signal. Read More.
• Neutral Sentiment: Analyst roundup: a Benzinga “Expert Outlook” summarizes 10 analyst views (mixed ratings and targets), giving context to the recent upgrades versus some hold/sell opinions. Read More.
• Neutral Sentiment: Reported short-interest data in feeds shows a reporting glitch (0 shares / NaN); not actionable until exchanges update official figures.
• Negative Sentiment: Insider selling: EVP Shannon Browning Kinney sold ~1,801 shares for ~$205,962 (avg ~$114.36) — disclosed on Form 4; insider sales can sap sentiment. Read More.
• Negative Sentiment: Another insider sale: CAO Lara Kroll sold 5,000 shares at ~$113.66 (SEC filing), trimming her position significantly. Read More.
• Negative Sentiment: Q4: CHRD beat EPS on lower expenses but showed year-over-year revenue and production declines and declared a $1.30 quarterly dividend (annualized $5.20). The very high reported payout ratio raises sustainability questions for the dividend. Read More.

Analyst Ratings Changes

A number of research analysts recently issued reports on CHRD shares. Piper Sandler raised their target price on shares of Chord Energy from $151.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday. Wells Fargo & Company cut their target price on shares of Chord Energy from $113.00 to $109.00 and set an “overweight” rating for the company in a research report on Tuesday, January 27th. Scotiabank restated a “sector perform” rating and set a $114.00 price target on shares of Chord Energy in a report on Friday, January 16th. Mizuho set a $148.00 price target on Chord Energy in a research report on Friday, January 9th. Finally, William Blair initiated coverage on Chord Energy in a research note on Friday, November 21st. They issued an “outperform” rating on the stock. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $125.91.

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.