Chord Energy (NASDAQ:CHRD) CAO Lara Kroll Sells 5,000 Shares
by Doug Wharley · The Cerbat GemChord Energy Corporation (NASDAQ:CHRD – Get Free Report) CAO Lara Kroll sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $113.66, for a total transaction of $568,300.00. Following the completion of the transaction, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at $1,013,960.86. This represents a 35.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Chord Energy Stock Performance
NASDAQ CHRD traded up $5.29 on Thursday, hitting $119.29. 1,739,927 shares of the stock were exchanged, compared to its average volume of 893,594. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.98. The business’s fifty day moving average is $98.23 and its 200 day moving average is $97.32. Chord Energy Corporation has a 52 week low of $79.83 and a 52 week high of $121.05. The company has a market capitalization of $6.78 billion, a PE ratio of 189.35 and a beta of 0.84.
Chord Energy (NASDAQ:CHRD – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.03 billion. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The company’s quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.49 EPS. Research analysts anticipate that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.
Chord Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 12th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, March 12th. Chord Energy’s payout ratio is 825.40%.
Institutional Trading of Chord Energy
Several hedge funds and other institutional investors have recently bought and sold shares of the business. WealthCollab LLC boosted its holdings in Chord Energy by 90.6% in the 2nd quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 145 shares during the period. Quent Capital LLC acquired a new stake in shares of Chord Energy in the third quarter valued at approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Chord Energy by 91.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 411 shares of the company’s stock valued at $40,000 after buying an additional 196 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Chord Energy in the third quarter valued at approximately $46,000. Finally, TD Private Client Wealth LLC grew its position in Chord Energy by 360.3% during the fourth quarter. TD Private Client Wealth LLC now owns 580 shares of the company’s stock worth $54,000 after buying an additional 454 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.
Chord Energy News Roundup
Here are the key news stories impacting Chord Energy this week:
- Positive Sentiment: UBS raised its price target to $142 and kept a “buy” rating, signalling institutional confidence and providing fresh upside for the stock. Article Title
- Positive Sentiment: Piper Sandler boosted its target to $158 and maintained an “overweight” rating, implying an even larger upside and likely helping lift demand for shares. Article Title
- Neutral Sentiment: Q4 results were mixed — EPS beat estimates on lower expenses but revenues and production fell year-over-year and sales missed expectations. The beat supports valuation short-term, but weaker top-line and production trends are a caution. CHRD Q4 Earnings
- Neutral Sentiment: Short-interest reports show 0 shares and a 0.0 days-to-cover ratio — likely a reporting artifact and not a real directional driver for the stock today.
- Negative Sentiment: CAO Lara J. Kroll sold 5,000 shares (about $568k) on Mar 3, cutting her stake by ~35.9%; insider selling can sap sentiment even if not indicative of company fundamentals. Filing: SEC Filing
- Negative Sentiment: EVP Shannon Browning Kinney sold 1,801 shares (~$206k) on Mar 3, an ~8.2% reduction in her holding; further insider sales could pressure sentiment if they continue. Filing: SEC Filing
Wall Street Analyst Weigh In
CHRD has been the topic of a number of research analyst reports. Citigroup cut Chord Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $97.00 in a research note on Wednesday, January 14th. Morgan Stanley dropped their price objective on shares of Chord Energy from $123.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Royal Bank Of Canada cut their target price on shares of Chord Energy from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Zacks Research downgraded shares of Chord Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, Scotiabank restated a “sector perform” rating and set a $114.00 price objective on shares of Chord Energy in a research report on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Chord Energy presently has a consensus rating of “Hold” and a consensus target price of $123.82.
Check Out Our Latest Stock Analysis on Chord Energy
About Chord Energy
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.