Fox Run Management L.L.C. Has $1.55 Million Holdings in Chord Energy Corporation $CHRD

Fox Run Management L.L.C. grew its position in shares of Chord Energy Corporation (NASDAQ:CHRD) by 122.8% in the 4th quarter, HoldingsChannel reports. The fund owned 16,689 shares of the company’s stock after buying an additional 9,199 shares during the period. Fox Run Management L.L.C.’s holdings in Chord Energy were worth $1,547,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. WealthCollab LLC raised its position in shares of Chord Energy by 90.6% during the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock worth $30,000 after purchasing an additional 145 shares during the period. Triumph Capital Management acquired a new position in shares of Chord Energy during the third quarter worth approximately $56,000. TD Private Client Wealth LLC raised its position in shares of 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 purchasing an additional 454 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Chord Energy during the fourth quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC raised its position in shares of Chord Energy by 111.1% during the fourth quarter. Farther Finance Advisors LLC now owns 644 shares of the company’s stock worth $60,000 after purchasing an additional 339 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CHRD shares. Weiss Ratings raised Chord Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. Citigroup upped their target price on Chord Energy from $120.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. Wall Street Zen raised Chord Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Zacks Research raised Chord Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Finally, Scotiabank increased their price objective on Chord Energy from $114.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.54.

Chord Energy Stock Performance

Shares of Chord Energy stock opened at $138.27 on Tuesday. The company has a market cap of $7.78 billion, a PE ratio of -122.36 and a beta of 0.48. Chord Energy Corporation has a 52 week low of $84.25 and a 52 week high of $151.95. The business has a 50 day moving average price of $139.05 and a 200-day moving average price of $115.18. 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) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $4.56 EPS for the quarter, topping the consensus estimate of $3.51 by $1.05. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.21 billion. Chord Energy had a positive return on equity of 7.06% and a negative net margin of 1.25%.The company’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.04 earnings per share. Equities analysts anticipate that Chord Energy Corporation will post 20.53 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Wednesday, May 20th were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $5.20 annualized dividend and a dividend yield of 3.8%. Chord Energy’s dividend payout ratio is currently -460.18%.

Insider Activity

In other news, COO Darrin J. Henke sold 1,276 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was 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 $3,088,287.29. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Douglas E. Brooks sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,276 shares of company stock valued at $3,168,018 over the last three months. Corporate insiders own 0.79% of the company’s stock.

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.