Chord Energy Corporation $CHRD Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of Chord Energy Corporation (NASDAQ:CHRD) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 727,166 shares of the company’s stock after selling 67,605 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.28% of Chord Energy worth $68,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CHRD. WealthCollab LLC grew its stake in shares of Chord Energy by 90.6% in the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after buying an additional 145 shares in the last quarter. Quent Capital LLC acquired a new position in Chord Energy during the 3rd quarter worth approximately $32,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Chord Energy during the 3rd quarter worth approximately $46,000. Triumph Capital Management purchased a new position in Chord Energy in the 3rd quarter worth approximately $56,000. Finally, Larson Financial Group LLC boosted its holdings in Chord Energy by 43.0% in the 3rd quarter. Larson Financial Group LLC now owns 791 shares of the company’s stock worth $79,000 after acquiring an additional 238 shares during the period. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Chord Energy Stock Down 2.8%

Shares of NASDAQ:CHRD opened at $142.18 on Wednesday. The firm has a market cap of $8.06 billion, a PE ratio of 225.68 and a beta of 0.84. The company has a fifty day simple moving average of $112.95 and a 200 day simple moving average of $100.60. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. Chord Energy Corporation has a 12-month low of $79.83 and a 12-month high of $148.41.

Chord Energy (NASDAQ:CHRD) last posted 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 firm had revenue of $1.17 billion for 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 firm’s revenue was down 19.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.49 EPS. On average, equities research analysts anticipate that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 12th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, March 12th. Chord Energy’s dividend payout ratio (DPR) is 825.40%.

Insider Transactions at Chord Energy

In other news, EVP Michael H. Lou sold 15,000 shares of Chord Energy stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $125.47, for a total value of $1,882,050.00. Following the completion of the transaction, the executive vice president owned 82,699 shares in the company, valued at approximately $10,376,243.53. This trade represents a 15.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas E. Brooks sold 2,126 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $120.28, for a total value of $255,715.28. Following the completion of the sale, the director owned 25,181 shares of the company’s stock, valued at $3,028,770.68. This trade represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,927 shares of company stock valued at $2,912,028 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Trending Headlines about Chord Energy

Here are the key news stories impacting Chord Energy this week:

• Positive Sentiment: Morgan Stanley upgraded CHRD, a clear buy-side signal that can attract institutional demand and support the stock’s momentum. Chord Energy (NASDAQ:CHRD) Upgraded at Morgan Stanley
• Positive Sentiment: Zacks reports that earnings estimates for CHRD are moving higher — upward estimate revisions often precede price gains as sell-side forecasts converge on stronger expected earnings. Earnings Estimates Moving Higher for Chord Energy Corporation (CHRD): Time to Buy?
• Positive Sentiment: CHRD is being highlighted as a momentum/near-52-week-high name across several Zacks pieces and other outlets — inclusion on momentum lists can draw momentum and quant flows. 4 Stocks Trading Near 52-Week High With More Upside Potential
• Positive Sentiment: Chord hit a yearly high amid Nasdaq‑100 momentum, signaling broader index flows may have helped push the stock higher before today’s pullback. Chord Energy (NASDAQ:CHRD) Hits Yearly High Amid Nasdaq 100 Index Momentum
• Positive Sentiment: Zacks added CHRD to its Zacks Rank #1 income stocks list, which may attract income- and dividend-focused investors. Best Income Stocks to Buy for March 31st
• Neutral Sentiment: Citigroup lifted its price target to $155 from $120 (implying further upside) but kept a “neutral” rating — the higher target is supportive, but the neutral stance limits the strength of the buy recommendation. Benzinga

Wall Street Analyst Weigh In

CHRD has been the topic of a number of analyst reports. Mizuho set a $148.00 price objective on shares of Chord Energy in a research note on Friday, January 9th. Pickering Energy Partners lowered shares of Chord Energy from an “outperform” rating to a “neutral” rating in a report on Friday, January 9th. UBS Group lifted their price target on shares of Chord Energy from $119.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Piper Sandler boosted their price objective on shares of Chord Energy from $158.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Finally, Jefferies Financial Group set a $99.00 price objective on shares of Chord Energy in a research report on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Chord Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.83.

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.