By otakuyassine3@gmail.com 
Chord Energy Co. (NASDAQ:CHRD – Get Free Report) CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the sale, the chief accounting officer now directly owns 19,488 shares of the company’s stock, valued at approximately $2,267,428.80. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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 value of $121,270.00.
Chord Energy Stock Down 0.9 %
Shares of NASDAQ CHRD traded down $1.10 during mid-day trading on Tuesday, reaching $115.09. The company had a trading volume of 826,500 shares, compared to its average volume of 891,769. The firm has a 50 day simple moving average of $127.45 and a two-hundred day simple moving average of $146.03. Chord Energy Co. has a 52-week low of $113.58 and a 52-week high of $190.23. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.04 billion, a P/E ratio of 5.91, a PEG ratio of 4.79 and a beta of 0.96.
Chord Energy (NASDAQ:CHRD – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.63 by ($0.23). The firm had revenue of $1.12 billion for 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 business’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.04 EPS. Sell-side analysts predict that Chord Energy Co. will post 16.5 earnings per share for the current year.
Chord Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Wednesday, November 27th. Chord Energy’s payout ratio is currently 25.75%.
Hedge Funds Weigh In On Chord Energy
A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in Chord Energy by 30.6% during the 3rd quarter. GAMMA Investing LLC now owns 414 shares of the company’s stock worth $54,000 after purchasing an additional 97 shares during the last quarter. Commerce Bank boosted its stake in shares of Chord Energy by 4.3% during the third quarter. Commerce Bank now owns 2,361 shares of the company’s stock worth $307,000 after buying an additional 98 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Chord Energy by 0.4% during the third quarter. New York State Teachers Retirement System now owns 27,274 shares of the company’s stock worth $3,552,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. increased its position in Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after acquiring an additional 101 shares during the period. Finally, Lindenwold Advisors INC raised its stake in Chord Energy by 5.0% during the 3rd quarter. Lindenwold Advisors INC now owns 2,523 shares of the company’s stock valued at $329,000 after acquiring an additional 119 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CHRD. BMO Capital Markets lowered their target price on Chord Energy from $205.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Siebert Williams Shank upgraded shares of Chord Energy to a “strong-buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Chord Energy in a research note on Thursday, September 5th. They issued a “hold” rating and a $160.00 price target for the company. Piper Sandler decreased their target price on Chord Energy from $212.00 to $194.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Mizuho decreased their price objective on Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chord Energy has a consensus rating of “Moderate Buy” and an average price target of $182.55.
Get Our Latest Stock Analysis on CHRD
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.
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