Rep. Josh Gottheimer Buys Chord Energy Co. (NASDAQ:CHRD) Shares

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Chord Energy Co. NASDAQ: CHRD. In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Chord Energy stock on October 17th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Stifel Financial NYSE: SF on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Enerpac Tool Group NYSE: EPAC on 10/25/2024.

Chord Energy Trading Down 0.6 %

CHRD traded down $0.85 during midday trading on Friday, hitting $132.01. 812,293 shares of the company were exchanged, compared to its average volume of 882,894. The firm's 50 day moving average price is $132.59 and its 200-day moving average price is $156.69. Chord Energy Co. has a 1-year low of $123.30 and a 1-year high of $190.23. The firm has a market capitalization of $8.17 billion, a P/E ratio of 6.84, a P/E/G ratio of 4.86 and a beta of 0.98. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned $5.04 earnings per share. The business's revenue was up 33.4% on a year-over-year basis. As a group, equities analysts forecast that Chord Energy Co. will post 17.07 EPS for the current fiscal year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 3.79%. Chord Energy's payout ratio is 25.75%.

Institutional Trading of Chord Energy

Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Chord Energy by 397.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company's stock worth $266,454,000 after purchasing an additional 1,269,658 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Chord Energy by 72.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company's stock valued at $297,090,000 after acquiring an additional 741,705 shares in the last quarter. Boston Partners increased its position in shares of Chord Energy by 107.0% during the first quarter. Boston Partners now owns 1,305,942 shares of the company's stock valued at $232,813,000 after acquiring an additional 674,965 shares during the last quarter. Millennium Management LLC lifted its holdings in Chord Energy by 226.5% during the second quarter. Millennium Management LLC now owns 696,488 shares of the company's stock worth $116,787,000 after acquiring an additional 483,144 shares during the period. Finally, KGH Ltd lifted its holdings in Chord Energy by 872.0% during the second quarter. KGH Ltd now owns 485,998 shares of the company's stock worth $81,492,000 after acquiring an additional 435,998 shares during the period. Institutional investors own 97.76% of the company's stock.

Analyst Upgrades and Downgrades

CHRD has been the subject of several research analyst reports. Siebert Williams Shank upgraded shares of Chord Energy to a "strong-buy" rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Chord Energy in a report on Thursday, September 5th. They set a "hold" rating and a $160.00 price objective on the stock. BMO Capital Markets decreased their target price on Chord Energy from $205.00 to $175.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Chord Energy in a research note on Friday, September 20th. Finally, Truist Financial cut their target price on Chord Energy from $223.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chord Energy has a consensus rating of "Moderate Buy" and a consensus target price of $190.18.

Insiders Place Their Bets

In other Chord Energy news, Director Samantha Holroyd bought 500 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $149.51 per share, with a total value of $74,755.00. Following the transaction, the director now directly owns 14,417 shares in the company, valued at $2,155,485.67. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Chord Energy

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.