Chord Energy Co. (NASDAQ:CHRD) CAO Shannon Browning Kinney Sells 1,000 Shares of Stock

Chord Energy Co. (NASDAQ:CHRD) CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction 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 SEC, which is available 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 Price Performance

CHRD opened at $115.09 on Wednesday. The firm has a market cap of $7.04 billion, a PE ratio of 5.93, a P/E/G ratio of 4.79 and a beta of 0.96. The stock has a 50-day moving average price of $127.45 and a 200-day moving average price of $146.03. Chord Energy Co. has a 1 year low of $113.58 and a 1 year high of $190.23. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89.

Chord Energy (NASDAQ:CHRD) last issued its earnings results 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). Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the firm posted $5.04 earnings per share. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. Sell-side analysts predict that Chord Energy Co. will post 16.5 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

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

Institutional Trading of Chord Energy

A number of institutional investors and hedge funds have recently modified their holdings of CHRD. Envestnet Portfolio Solutions Inc. increased its holdings in Chord Energy by 11.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,899 shares of the company’s stock worth $654,000 after buying an additional 403 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Chord Energy during the second quarter valued at approximately $19,532,000. Raymond James & Associates raised its holdings in shares of 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. lifted its position in Chord Energy by 98.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,292 shares of the company’s stock valued at $552,000 after purchasing an additional 1,630 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Chord Energy in the second quarter worth approximately $207,000. Institutional investors own 97.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHRD. Jefferies Financial Group began coverage on shares of Chord Energy in a research report on Thursday, September 5th. They set a “hold” rating and a $160.00 price target on the stock. Wells Fargo & Company increased their target price on Chord Energy from $175.00 to $176.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group dropped their price target on Chord Energy from $168.00 to $161.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Bank of America upped their price target on Chord Energy from $201.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Piper Sandler lowered their price objective on Chord Energy from $212.00 to $194.00 and set an “overweight” rating for the company in a research report on Tuesday. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $182.55.

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.