Glenmede Trust Co. NA Makes New Investment in Chord Energy Corporation $CHRD

Glenmede Trust Co. NA bought a new position in shares of Chord Energy Corporation (NASDAQ:CHRD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,260 shares of the company’s stock, valued at approximately $890,000.

A number of other large investors have also made changes to their positions in the stock. Bessemer Group Inc. lifted its position in Chord Energy by 63.8% during the first quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock worth $27,000 after buying an additional 74 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Chord Energy in the 1st quarter valued at $29,000. WealthCollab LLC grew its holdings in Chord Energy by 90.6% in the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after buying an additional 145 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of Chord Energy by 178.6% in the 1st quarter. Root Financial Partners LLC now owns 234 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Chord Energy by 213.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 501 shares of the company’s stock worth $47,000 after acquiring an additional 341 shares during the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHRD shares. Scotiabank boosted their price target on shares of Chord Energy from $114.00 to $135.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Roth Capital restated a “buy” rating and set a $145.00 price objective on shares of Chord Energy in a research report on Wednesday, July 15th. UBS Group reduced their target price on shares of Chord Energy from $179.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Truist Financial decreased their target price on shares of Chord Energy from $185.00 to $170.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Finally, Williams Trading set a $189.00 price target on shares of Chord Energy in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Chord Energy presently has an average rating of “Moderate Buy” and a consensus target price of $152.38.

Chord Energy News Summary

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

• Positive Sentiment: Chord reported second-quarter revenue of $2.17 billion, up 128.6% year over year and well above the roughly $1.62 billion analyst estimate. Oil production reached the high end of company guidance, while capital spending was below the midpoint of its forecast. Chord Energy Reports Second Quarter 2026 Financial and Operating Results
• Positive Sentiment: Adjusted free cash flow and operating cash flow exceeded expectations. Chord returned 54% of adjusted free cash flow in the quarter through a $1.30-per-share base dividend and $147.4 million of share repurchases, and plans to return at least 75% of adjusted free cash flow to shareholders beginning in the third quarter. Chord targets at least 75% of adjusted free cash flow returned to shareholders
• Positive Sentiment: The company declared its regular $1.30 quarterly dividend, payable September 4 to shareholders of record August 20. Management also highlighted successful four-mile lateral development and stronger-than-planned base production, supporting its updated 2026 outlook. Chord Energy Boosts Cash Returns After Strong Quarter
• Negative Sentiment: Quarterly adjusted earnings of $6.44 per share missed analyst estimates, which ranged from $6.55 to $6.68, despite more than tripling from $1.79 per share a year earlier. The earnings miss may limit upside for the stock even as cash generation and shareholder returns improve. Chord Energy Q2 Earnings Lag Estimates

Insider Activity at Chord Energy

In other Chord Energy news, Director Douglas E. Brooks sold 1,500 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $138.57, for a total transaction of $207,855.00. Following the sale, the director directly owned 18,705 shares in the company, valued at $2,591,951.85. This represents a 7.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Darrin J. Henke sold 1,276 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $145.97, for a total transaction of $186,257.72. Following the completion of the transaction, the chief operating officer directly owned 21,157 shares of the company’s stock, valued at $3,088,287.29. This represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.79% of the company’s stock.

Chord Energy Price Performance

Chord Energy stock opened at $132.50 on Friday. The company’s 50 day simple moving average is $128.04 and its 200-day simple moving average is $125.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. Chord Energy Corporation has a 1 year low of $84.25 and a 1 year high of $151.95. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 8.88 and a beta of 0.48.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Wednesday, August 5th. The company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.55 by ($0.11). The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Chord Energy had a net margin of 13.42% and a return on equity of 10.27%. The business’s revenue was up 128.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.79 earnings per share. As a group, equities research analysts expect that Chord Energy Corporation will post 18.32 earnings per share for the current year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.20 annualized dividend and a dividend yield of 3.9%. Chord Energy’s dividend payout ratio (DPR) is presently 34.85%.

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.