Insider Selling: Chord Energy Co. (NASDAQ:CHRD) CAO Sells 1,000 Shares of Stock

Chord Energy Co. (NASDAQ:CHRD) CAO Shannon Browning Kinney sold 1,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $116.35, for a total value of $116,350.00. Following the sale, the chief accounting officer now owns 19,488 shares of the company’s stock, valued at approximately $2,267,428.80. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shannon Browning Kinney also recently made the following trade(s):

• On Monday, December 9th, Shannon Browning Kinney sold 1,000 shares of Chord Energy stock. The stock was sold at an average price of $121.27, for a total transaction of $121,270.00.

Chord Energy Price Performance

CHRD stock opened at $115.09 on Wednesday. The company has a market capitalization of $7.04 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 4.79 and a beta of 0.96. The company’s fifty day moving average price is $127.45 and its 200-day moving average price is $146.03. Chord Energy Co. has a one year low of $113.58 and a one year high of $190.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.04 EPS. On average, equities analysts anticipate that Chord Energy Co. will post 16.5 EPS for the current fiscal year.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Wednesday, November 27th. Chord Energy’s payout ratio is presently 25.75%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group decreased their price target on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Siebert Williams Shank raised Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on Chord Energy in a research note on Thursday, September 5th. They set a “hold” rating and a $160.00 price objective for the company. Royal Bank of Canada decreased their target price on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Finally, Mizuho dropped their price target on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chord Energy currently has a consensus rating of “Moderate Buy” and an average price target of $182.55.

Institutional Trading of Chord Energy

Large investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of Chord Energy by 11.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,899 shares of the company’s stock valued at $654,000 after acquiring an additional 403 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Chord Energy during the second quarter valued at $19,532,000. Raymond James & Associates lifted its position in Chord Energy by 77.6% during the second quarter. Raymond James & Associates now owns 140,582 shares of the company’s stock valued at $23,573,000 after purchasing an additional 61,442 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Chord Energy by 98.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,292 shares of the company’s stock worth $552,000 after buying an additional 1,630 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Chord Energy in the 2nd quarter worth about $207,000. Institutional investors own 97.76% of the company’s stock.

Chord Energy Company Profile

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.