GW&K Investment Management LLC Sells 7,096 Shares of Chord Energy Corporation $CHRD

GW&K Investment Management LLC lessened its position in Chord Energy Corporation (NASDAQ:CHRD) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 210,838 shares of the company’s stock after selling 7,096 shares during the period. GW&K Investment Management LLC owned about 0.37% of Chord Energy worth $20,951,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in Chord Energy by 7.3% in the second quarter. Assetmark Inc. now owns 1,417 shares of the company’s stock valued at $137,000 after acquiring an additional 96 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of Chord Energy by 2.3% in the third quarter. First Citizens Bank & Trust Co. now owns 5,306 shares of the company’s stock worth $527,000 after buying an additional 120 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Chord Energy by 18.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 822 shares of the company’s stock valued at $82,000 after purchasing an additional 130 shares in the last quarter. 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 worth $30,000 after buying an additional 145 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Chord Energy by 3.8% during the third 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 in the last quarter. 97.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Shannon Browning Kinney sold 1,801 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $114.36, for a total transaction of $205,962.36. Following the completion of the sale, the executive vice president owned 20,188 shares in the company, valued at approximately $2,308,699.68. This represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lara J. Kroll sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $113.66, for a total value of $568,300.00. Following the completion of the sale, the chief accounting officer directly owned 8,921 shares of the company’s stock, valued at $1,013,960.86. The trade was a 35.92% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CHRD. Mizuho set a $148.00 target price on Chord Energy in a research report on Friday, January 9th. Royal Bank Of Canada reduced their price objective on Chord Energy from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Jefferies Financial Group set a $99.00 price objective on Chord Energy in a research note on Saturday, January 17th. Wells Fargo & Company cut their target price on Chord Energy from $113.00 to $109.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 27th. Finally, Scotiabank restated a “sector perform” rating and issued a $114.00 price target on shares of Chord Energy in a research report on Friday, January 16th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $123.82.

Chord Energy Trading Up 4.6%

NASDAQ:CHRD opened at $119.29 on Friday. The firm has a 50-day simple moving average of $98.80 and a 200-day simple moving average of $97.47. Chord Energy Corporation has a one year low of $79.83 and a one year high of $121.05. The firm has a market cap of $6.78 billion, a P/E ratio of 189.35 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.06.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Chord Energy had a net margin of 0.91% and a return on equity of 6.71%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $3.49 earnings per share. Chord Energy’s revenue for the quarter was down 19.6% compared to the same quarter last year. Equities analysts anticipate that Chord Energy Corporation will post 15.59 EPS for the current fiscal year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, March 12th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, March 12th. Chord Energy’s payout ratio is 825.40%.

Trending Headlines about Chord Energy

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

Chord Energy Profile

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.