Chord Energy (NASDAQ:CHRD) Director Douglas Brooks Sells 1,500 Shares

May 12, 2026 by InsiderTrades.com

Key Points

Chord Energy director Douglas Brooks sold 3,500 shares on May 8 at an average price of $136.71, for proceeds of about $478,485. After the sale, he still owned 20,205 shares.
The company recently beat expectations in its latest quarterly results, reporting EPS of $4.56 versus $3.51 expected and revenue of $1.67 billion versus $1.21 billion expected. Revenue also rose 37.1% from a year earlier.
Chord Energy announced a quarterly dividend of $1.30 per share, payable June 5 to shareholders of record on May 20. That works out to an annualized dividend of $5.20 and a yield of about 3.7%.

Chord Energy Corporation (NASDAQ:CHRD - Get Free Report) Director Douglas Brooks sold 1,500 shares of Chord Energy stock in a transaction on Monday, May 11th. The shares were sold at an average price of $138.57, for a total transaction of $207,855.00. Following the sale, the director directly owned 18,705 shares of the company's stock, valued at $2,591,951.85. This trade represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Chord Energy Trading Up 2.7%

Shares of NASDAQ:CHRD opened at $140.07 on Tuesday. The firm has a fifty day moving average of $132.67 and a two-hundred day moving average of $108.03. The firm has a market capitalization of $7.89 billion, a P/E ratio of -123.96 and a beta of 0.52. Chord Energy Corporation has a 12-month low of $84.25 and a 12-month high of $150.50. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.18.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $4.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $1.05. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.21 billion. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. The company's revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter last year, the business posted $4.04 EPS. On average, equities analysts expect that Chord Energy Corporation will post 17.51 EPS for the current fiscal year.

Chord Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Wednesday, May 20th will be issued a $1.30 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $5.20 dividend on an annualized basis and a yield of 3.7%. Chord Energy's dividend payout ratio is currently -460.18%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CHRD. Massachusetts Financial Services Co. MA acquired a new position in Chord Energy in the third quarter worth about $91,434,000. Orion Porfolio Solutions LLC raised its position in Chord Energy by 6,714.2% in the second quarter. Orion Porfolio Solutions LLC now owns 709,086 shares of the company's stock worth $68,675,000 after purchasing an additional 698,680 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Chord Energy by 85.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,218,167 shares of the company's stock worth $112,927,000 after purchasing an additional 561,899 shares in the last quarter. AQR Capital Management LLC raised its position in Chord Energy by 210.5% in the second quarter. AQR Capital Management LLC now owns 734,225 shares of the company's stock worth $71,110,000 after purchasing an additional 497,789 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in Chord Energy in the first quarter worth about $60,190,000. Institutional investors and hedge funds own 97.76% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CHRD. Zacks Research upgraded shares of Chord Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, April 6th. Roth Mkm reiterated a "buy" rating and issued a $140.00 price objective (up from $130.00) on shares of Chord Energy in a report on Friday, April 17th. Wall Street Zen upgraded shares of Chord Energy from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup upped their price objective on shares of Chord Energy from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, March 31st. Finally, Morgan Stanley raised shares of Chord Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $114.00 to $168.00 in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Chord Energy presently has an average rating of "Moderate Buy" and a consensus target price of $156.15.

Get Our Latest Analysis on CHRD

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.