6,260 Shares in Chord Energy Corporation $CHRD Bought by Glenmede Trust Co. NA

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

A number of other institutional investors have also modified their holdings of the stock. Bessemer Group Inc. lifted its holdings in Chord Energy by 63.8% in the first quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock valued at $27,000 after acquiring an additional 74 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Chord Energy during the 1st quarter valued at approximately $29,000. WealthCollab LLC lifted its stake in shares of 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 purchasing an additional 145 shares during the period. Root Financial Partners LLC boosted its holdings in Chord Energy by 178.6% during the first quarter. Root Financial Partners LLC now owns 234 shares of the company’s stock worth $33,000 after buying an additional 150 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Chord Energy by 213.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 501 shares of the company’s stock worth $47,000 after buying an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

More Chord Energy News

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on CHRD shares. UBS Group dropped their price target on shares of Chord Energy from $179.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Truist Financial lowered their target price on shares of Chord Energy from $185.00 to $170.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Citigroup dropped their target price on Chord Energy from $155.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Williams Trading set a $189.00 price target on Chord Energy in a research note on Monday, April 20th. Finally, Zacks Research cut Chord Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Chord Energy has a consensus rating of “Moderate Buy” and an average target price of $152.38.

Chord Energy Stock Performance

NASDAQ:CHRD opened at $132.50 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02. The stock has a market capitalization of $7.46 billion, a PE ratio of 8.88 and a beta of 0.48. Chord Energy Corporation has a fifty-two week low of $84.25 and a fifty-two week high of $151.95. The company has a fifty day moving average of $128.04 and a two-hundred day moving average of $125.29.

Chord Energy (NASDAQ:CHRD) last released 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). Chord Energy had a return on equity of 10.27% and a net margin of 13.42%.The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the firm earned $1.79 EPS. The firm’s revenue for the quarter was up 128.6% on a year-over-year basis. As a group, research analysts forecast that Chord Energy Corporation will post 18.32 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

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

Insider Buying and Selling

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

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.