Key Points
- CAO Lara Kroll sold 5,000 shares at an average price of $113.66 for about $568,300, reducing her stake by 35.92% to 8,921 shares (≈$1.01M), as disclosed in an SEC filing.
- Chord beat Q4 expectations with EPS $1.28 vs. $1.17 est. and revenue of $1.17B vs. $1.03B est., but revenue was down 19.6% year-over-year and EPS lagged the prior-year $3.49, indicating mixed fundamentals.
- The company declared a quarterly dividend of $1.30 (annualized $5.20) with a ~4.3% yield, though the dividend payout ratio is an unusually high 825.4%, which could raise sustainability concerns.
Chord Energy Corporation (NASDAQ:CHRD - Get Free Report) EVP Shannon Browning Kinney sold 1,801 shares of the business's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $114.36, for a total value of $205,962.36. Following the completion of the transaction, the executive vice president owned 20,188 shares of the company's stock, valued at $2,308,699.68. This trade represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Chord Energy Trading Up 1.7%
Shares of CHRD stock traded up $2.06 during mid-day trading on Friday, hitting $121.35. 512,308 shares of the company's stock were exchanged, compared to its average volume of 884,250. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 192.62 and a beta of 0.84. The stock has a 50-day simple moving average of $98.80 and a two-hundred day simple moving average of $97.47. Chord Energy Corporation has a fifty-two week low of $79.83 and a fifty-two week high of $122.00. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.11. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.03 billion. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. Chord Energy's revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter last year, the business earned $3.49 EPS. Equities analysts expect that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.
Chord Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Thursday, March 12th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $5.20 annualized dividend and a dividend yield of 4.3%. Chord Energy's dividend payout ratio (DPR) is presently 825.40%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on CHRD shares. Piper Sandler boosted their price target on shares of Chord Energy from $151.00 to $158.00 and gave the company an "overweight" rating in a report on Thursday. Pickering Energy Partners cut shares of Chord Energy from an "outperform" rating to a "neutral" rating in a research note on Friday, January 9th. William Blair started coverage on Chord Energy in a report on Friday, November 21st. They set an "outperform" rating for the company. Weiss Ratings lowered shares of Chord Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday. Finally, 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. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Chord Energy currently has a consensus rating of "Hold" and an average price target of $125.91.
Check Out Our Latest Research Report on CHRD
More Chord Energy News
Here are the key news stories impacting Chord Energy this week:
- Positive Sentiment: UBS raised its price target on CHRD from $119 to $142 and kept a "buy" rating — a meaningful buy-side signal that likely supported upward pressure on the shares. UBS price target raise
- Positive Sentiment: Piper Sandler raised its price target from $151 to $158 and maintained an "overweight" rating — another institutional upgrade adding to bullish sentiment and implied upside. Piper Sandler upgrade
- Neutral Sentiment: Citigroup increased its price target from $97 to $120 but kept a "neutral" rating — the target move narrows the gap vs. current price but the neutral stance dampens the bullish signal. Citigroup price target note
- Neutral Sentiment: A sector/comparison piece contrasts Chord with HyperDynamics — useful for relative valuation context but not a direct catalyst. Comparison article
- Neutral Sentiment: Short-interest data in the feeds shows a reporting glitch (0 shares / NaN); current published days-to-cover is 0.0 — not actionable until exchange data is clarified.
- Negative Sentiment: Insiders sold shares: CAO Lara Kroll sold 5,000 shares at ~$113.66 (SEC filing) and EVP Shannon Browning Kinney sold 1,801 shares at ~$114.36 — insider selling can signal personal liquidity needs or reduced insider conviction and may cap near-term upside. Kroll Form 4 Kinney Form 4
- Negative Sentiment: Q4 results beat EPS on lower expenses but showed year-over-year revenue and production declines; the company also announced a large quarterly dividend ($1.30) producing a high reported payout ratio — positives for yield but the earnings mix and an elevated DPR raise sustainability concerns. Earnings/dividend note
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. WealthCollab LLC grew its holdings in Chord Energy by 90.6% during the second quarter. WealthCollab LLC now owns 305 shares of the company's stock worth $30,000 after purchasing an additional 145 shares during the period. Quent Capital LLC acquired a new position in Chord Energy in the third quarter valued at about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Chord Energy by 91.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 411 shares of the company's stock worth $40,000 after acquiring an additional 196 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Chord Energy during the third quarter worth $46,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Chord Energy by 360.3% during the 4th quarter. TD Private Client Wealth LLC now owns 580 shares of the company's stock worth $54,000 after buying an additional 454 shares during the last quarter. Institutional investors own 97.76% of the company's stock.
Chord Energy Company Profile
(
Get Free Report)
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.
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