WINTON GROUP Ltd Buys Shares of 60,563 Chord Energy Corporation $CHRD

WINTON GROUP Ltd acquired a new position in Chord Energy Corporation (NASDAQ:CHRD) during the third quarter, HoldingsChannel.com reports. The fund acquired 60,563 shares of the company’s stock, valued at approximately $6,018,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHRD. Assetmark Inc. grew its stake in shares of Chord Energy by 7.3% during the second quarter. Assetmark Inc. now owns 1,417 shares of the company’s stock worth $137,000 after acquiring an additional 96 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in Chord Energy by 2.3% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 5,306 shares of the company’s stock worth $527,000 after acquiring an additional 120 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Chord Energy by 18.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 822 shares of the company’s stock worth $82,000 after purchasing an additional 130 shares during the period. WealthCollab LLC boosted its position in Chord Energy by 90.6% in the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after buying an additional 145 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Chord Energy by 3.8% in the third quarter. PNC Financial Services Group Inc. now owns 4,325 shares of the company’s stock valued at $430,000 after buying an additional 157 shares during the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Shannon Browning Kinney sold 1,801 shares of Chord Energy stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total transaction 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. The trade was a 8.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas E. Brooks sold 2,126 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $120.28, for a total value of $255,715.28. Following the transaction, the director owned 25,181 shares of the company’s stock, valued at approximately $3,028,770.68. This represents a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,927 shares of company stock valued at $1,029,978 in the last 90 days. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Chord Energy from $113.00 to $109.00 and set an “overweight” rating for the company in a report on Tuesday, January 27th. Mizuho set a $148.00 price objective on Chord Energy in a research note on Friday, January 9th. William Blair started coverage on Chord Energy in a research note on Friday, November 21st. They issued an “outperform” rating on the stock. Zacks Research raised Chord Energy from a “strong sell” rating to a “hold” rating in a report on Friday. Finally, Weiss Ratings cut shares of Chord Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

Chord Energy Stock Performance

NASDAQ CHRD opened at $123.22 on Tuesday. The stock’s 50 day simple moving average is $100.06 and its 200-day simple moving average is $97.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. The company has a market cap of $7.00 billion, a PE ratio of 195.59 and a beta of 0.84. Chord Energy Corporation has a 1-year low of $79.83 and a 1-year high of $127.56.

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

Chord Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 12th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $5.20 dividend on an annualized basis and a yield of 4.2%. Chord Energy’s payout ratio is 825.40%.

Key Chord Energy News

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

• Positive Sentiment: UBS raised its price target on CHRD to $142, signaling stronger analyst conviction about the company’s outlook — a direct positive for investor sentiment and buys. UBS Raises CHRD Price Target
• Positive Sentiment: Another outlet reports a raised price target to $120, adding to the cluster of upward revisions that support current momentum. Price Target Raised to $120
• Neutral Sentiment: A Yahoo Finance piece outlines shifting investment narratives and conflicting analyst assumptions for CHRD — useful context for understanding why some analysts differ but not an immediate buy/sell signal. How The CHRD Investment Story Is Shifting
• Neutral Sentiment: The Globe and Mail notes a rating update from a top analyst; specifics matter (upgrade vs. reiteration) but the mention reinforces why analyst flows are moving the stock. Rating Update from a Top Analyst
• Neutral Sentiment: Reported short-interest data appears anomalous (zeros/NaN). Current figures look unreliable, so short-interest-driven moves are unlikely until corrected data is available.
• Negative Sentiment: Significant insider selling: the company’s CAO sold about $568,300 of CHRD stock — a potentially negative signal that may raise governance/insider-confidence questions. CAO Insider Sale
• Negative Sentiment: Director Douglas E. Brooks sold 2,126 shares (~7.8% reduction in his reported transaction), which can weigh on sentiment when paired with other insider sales. Director Insider Sale (SEC Filing)
• Negative Sentiment: Coverage highlighting management’s comment that the company has returned more to shareholders than its current market value (the “$6.7B” framing) raises concerns about capital allocation and valuation that could cap upside. $6.7B Statement on Shareholder Returns

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.