Royce & Associates LP Reduces Stake in Chord Energy Corporation $CHRD

29 May 2026, 05:37 by Teresa Graham · The Cerbat Gem

Royce & Associates LP lessened its stake in Chord Energy Corporation (NASDAQ:CHRD – Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,369 shares of the company’s stock after selling 5,572 shares during the period. Royce & Associates LP owned about 0.15% of Chord Energy worth $8,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. grew its stake in shares of Chord Energy by 16.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 797 shares of the company’s stock worth $74,000 after purchasing an additional 113 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Chord Energy by 18.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 822 shares of the company’s stock worth $82,000 after purchasing an additional 130 shares during the period. WealthCollab LLC grew its stake in shares of Chord Energy by 90.6% during the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock worth $30,000 after purchasing an additional 145 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Chord Energy by 3.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,325 shares of the company’s stock worth $430,000 after purchasing an additional 157 shares during the period. Finally, Madison Asset Management LLC grew its stake in shares of Chord Energy by 0.6% during the 4th quarter. Madison Asset Management LLC now owns 24,950 shares of the company’s stock worth $2,313,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 97.76% of the company’s stock.

Insider Transactions at Chord Energy

In related news, Director Douglas E. Brooks sold 3,500 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $136.71, for a total value of $478,485.00. Following the completion of the transaction, the director directly owned 20,205 shares of the company’s stock, valued at approximately $2,762,225.55. This represents a 14.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Darrin J. Henke sold 1,276 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $145.97, for a total value of $186,257.72. Following the completion of the transaction, the chief operating officer directly owned 21,157 shares of the company’s stock, valued at approximately $3,088,287.29. This represents a 5.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,203 shares of company stock worth $4,197,995 in the last quarter. 0.79% of the stock is owned by insiders.

Chord Energy Price Performance

Chord Energy stock opened at $133.89 on Friday. The company’s fifty day moving average price is $138.68 and its 200 day moving average price is $112.87. Chord Energy Corporation has a 1 year low of $84.25 and a 1 year high of $151.95. The stock has a market capitalization of $7.54 billion, a P/E ratio of -118.49 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.02.

Chord Energy (NASDAQ:CHRD – Get Free Report) last released its quarterly 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. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company earned $4.04 EPS. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Chord Energy Corporation will post 20.53 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Wednesday, May 20th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Chord Energy’s dividend payout ratio is currently -460.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CHRD shares. Piper Sandler raised their price objective on shares of Chord Energy from $158.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Williams Trading set a $189.00 price objective on shares of Chord Energy in a research note on Monday, April 20th. Wall Street Zen raised shares of Chord Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley raised their price objective on shares of Chord Energy from $168.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Finally, Truist Financial dropped their price target on shares of Chord Energy from $187.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.54.

View Our Latest Stock Report on Chord Energy

Chord Energy Company Profile

(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.