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

Chord Energy Co. (NASDAQ:CHRD - Get Free Report) CAO Shannon Browning Kinney sold 1,000 shares of the business's stock in a transaction dated 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 owns 19,488 shares of the company's stock, valued at approximately $2,267,428.80. This represents a 4.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 Performance

CHRD traded down $1.10 during midday trading on Tuesday, hitting $115.09. 826,500 shares of the company were exchanged, compared to its average volume of 891,769. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 5.91, a price-to-earnings-growth ratio of 4.79 and a beta of 0.96. The company's 50 day simple moving average is $127.45 and its 200 day simple moving average is $146.03. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a 1-year low of $113.58 and a 1-year high of $190.23.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.63 by ($0.23). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company's revenue was up 33.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.04 earnings per share. As a group, sell-side analysts predict that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Announces Dividend

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

Hedge Funds Weigh In On Chord Energy

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of 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 increased its stake in Chord Energy by 4.3% during the 3rd quarter. Commerce Bank now owns 2,361 shares of the company's stock worth $307,000 after buying an additional 98 shares in the last quarter. New York State Teachers Retirement System raised 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 valued at $3,552,000 after acquiring an additional 100 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company's stock valued at $30,000 after acquiring an additional 101 shares in the last quarter. Finally, Lindenwold Advisors INC increased its position in shares of Chord Energy by 5.0% during the third quarter. Lindenwold Advisors INC now owns 2,523 shares of the company's stock worth $329,000 after purchasing an additional 119 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group reduced their target price on shares of Chord Energy from $168.00 to $161.00 and set a "buy" rating for the company in a report on Monday, December 9th. BMO Capital Markets decreased their price target on Chord Energy from $205.00 to $175.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Piper Sandler cut their price objective on shares of Chord Energy from $212.00 to $194.00 and set an "overweight" rating on the stock in a report on Tuesday. Truist Financial lowered their target price on shares of Chord Energy from $223.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Finally, Royal Bank of Canada cut their price target on shares of Chord Energy from $185.00 to $180.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.

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