Unison Advisors LLC Invests $701,000 in Chord Energy Corporation $CHRD

Unison Advisors LLC acquired a new stake in Chord Energy Corporation (NASDAQ:CHRD) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 7,558 shares of the company’s stock, valued at approximately $701,000.

A number of other institutional investors have also made changes to their positions in the business. First Citizens Bank & Trust Co. boosted its holdings in Chord Energy by 2.3% during the third quarter. First Citizens Bank & Trust Co. now owns 5,306 shares of the company’s stock worth $527,000 after purchasing an additional 120 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Chord Energy by 18.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 822 shares of the company’s stock valued at $82,000 after buying an additional 130 shares during the last quarter. WealthCollab LLC lifted its position in Chord Energy by 90.6% during the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock worth $30,000 after buying an additional 145 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Chord Energy by 3.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,325 shares of the company’s stock worth $430,000 after buying an additional 157 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Chord Energy by 15.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,245 shares of the company’s stock worth $130,000 after buying an additional 167 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Performance

Shares of CHRD stock opened at $142.00 on Monday. Chord Energy Corporation has a 12-month low of $79.83 and a 12-month high of $148.41. The company has a market capitalization of $8.05 billion, a PE ratio of 225.40 and a beta of 0.66. The firm has a 50 day moving average price of $115.66 and a two-hundred day moving average price of $101.35. 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 posted its earnings results on Wednesday, February 25th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.17 by $0.11. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.03 billion. Chord Energy had a return on equity of 6.71% and a net margin of 0.91%.The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.49 earnings per share. As a group, analysts predict that Chord Energy Corporation will post 15.59 earnings per share for the current year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 12th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, March 12th. Chord Energy’s dividend payout ratio is currently 825.40%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Mizuho set a $148.00 price objective on Chord Energy in a report on Friday, January 9th. Royal Bank Of Canada dropped their target price on Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Wall Street Zen upgraded Chord Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings raised Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. Finally, Jefferies Financial Group set a $99.00 price objective on Chord Energy in a research note on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.83.

Insider Transactions at Chord Energy

In other Chord Energy news, EVP Shannon Browning Kinney sold 1,801 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $114.36, for a total transaction of $205,962.36. Following the transaction, the executive vice president owned 20,188 shares in the company, valued at $2,308,699.68. This trade represents a 8.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lara J. Kroll sold 5,000 shares of Chord Energy stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $113.66, for a total value of $568,300.00. Following the sale, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at $1,013,960.86. This represents a 35.92% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 23,927 shares of company stock valued at $2,912,028. Corporate insiders own 0.70% of the company’s stock.

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.