Chord Energy Corporation $CHRD Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lessened its stake in shares of Chord Energy Corporation (NASDAQ:CHRD) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 210,838 shares of the company’s stock after selling 7,096 shares during the period. GW&K Investment Management LLC’s holdings in Chord Energy were worth $20,951,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Chord Energy by 5.4% during the third quarter. Victory Capital Management Inc. now owns 3,166,564 shares of the company’s stock worth $314,661,000 after buying an additional 163,125 shares during the period. Geode Capital Management LLC increased its position in shares of Chord Energy by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,890,420 shares of the company’s stock valued at $183,112,000 after acquiring an additional 19,227 shares during the period. American Century Companies Inc. raised its stake in Chord Energy by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 1,337,079 shares of the company’s stock worth $129,496,000 after acquiring an additional 179,209 shares during the last quarter. Sourcerock Group LLC lifted its position in Chord Energy by 2.1% during the 2nd quarter. Sourcerock Group LLC now owns 1,031,973 shares of the company’s stock worth $99,947,000 after acquiring an additional 20,916 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its position in Chord Energy by 22.2% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 990,381 shares of the company’s stock worth $95,918,000 after acquiring an additional 180,000 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Shannon Browning Kinney sold 1,801 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total transaction of $205,962.36. Following the transaction, the executive vice president directly owned 20,188 shares in the company, valued at approximately $2,308,699.68. The trade was a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Lara J. Kroll sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $113.66, for a total transaction of $568,300.00. Following the sale, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at approximately $1,013,960.86. This represents a 35.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Piper Sandler raised their price objective on Chord Energy from $151.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup downgraded shares of Chord Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $105.00 to $97.00 in a report on Wednesday, January 14th. Mizuho set a $148.00 price objective on shares of Chord Energy in a research note on Friday, January 9th. UBS Group upped their price objective on shares of Chord Energy from $119.00 to $142.00 and gave the company a “buy” rating in a report on Thursday. Finally, Pickering Energy Partners lowered Chord Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of “Hold” and an average price target of $123.82.

Chord Energy Stock Up 4.6%

CHRD stock opened at $119.29 on Friday. The stock has a market capitalization of $6.78 billion, a P/E ratio of 189.35 and a beta of 0.84. Chord Energy Corporation has a 52 week low of $79.83 and a 52 week high of $121.05. The firm has a 50-day simple moving average of $98.80 and a 200-day simple moving average of $97.47. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Wednesday, February 25th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The business’s revenue 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. Equities analysts forecast that Chord Energy Corporation will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The firm 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. This represents a $5.20 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, March 12th. Chord Energy’s payout ratio is 825.40%.

Chord Energy News Summary

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

• Positive Sentiment: UBS raised its price target to $142 and kept a “buy” rating, signalling institutional confidence and providing fresh upside for the stock. Article Title
• Positive Sentiment: Piper Sandler boosted its target to $158 and maintained an “overweight” rating, implying an even larger upside and likely helping lift demand for shares. Article Title
• Neutral Sentiment: Q4 results were mixed — EPS beat estimates on lower expenses but revenues and production fell year-over-year and sales missed expectations. The beat supports valuation short-term, but weaker top-line and production trends are a caution. CHRD Q4 Earnings
• Neutral Sentiment: Short-interest reports show 0 shares and a 0.0 days-to-cover ratio — likely a reporting artifact and not a real directional driver for the stock today.
• Negative Sentiment: CAO Lara J. Kroll sold 5,000 shares (about $568k) on Mar 3, cutting her stake by ~35.9%; insider selling can sap sentiment even if not indicative of company fundamentals. Filing: SEC Filing
• Negative Sentiment: EVP Shannon Browning Kinney sold 1,801 shares (~$206k) on Mar 3, an ~8.2% reduction in her holding; further insider sales could pressure sentiment if they continue. Filing: SEC Filing

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.