Corigliano Investment Advisers LLC Acquires Shares of 32,000 Chord Energy Corporation $CHRD

Corigliano Investment Advisers LLC acquired a new stake in shares of Chord Energy Corporation (NASDAQ:CHRD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,000 shares of the company’s stock, valued at approximately $2,966,000. Chord Energy comprises 1.1% of Corigliano Investment Advisers LLC’s investment portfolio, making the stock its 26th biggest holding.

Other institutional investors have also bought and sold shares of the company. WealthCollab LLC lifted its position in Chord Energy by 90.6% during the second quarter. WealthCollab LLC now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 145 shares during the last quarter. Triumph Capital Management purchased a new position in Chord Energy during the third quarter worth $56,000. TD Private Client Wealth LLC boosted its stake 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 during the period. Eurizon Capital SGR S.p.A. purchased a new position in Chord Energy during the fourth quarter worth $58,000. Finally, Farther Finance Advisors LLC boosted its stake in 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 buying an additional 339 shares during the period. Institutional investors own 97.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CHRD. Zacks Research lowered shares of Chord Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Scotiabank lifted their price objective on shares of Chord Energy from $114.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Williams Trading set a $189.00 price objective on shares of Chord Energy in a research note on Monday, April 20th. Citigroup lifted their price objective on shares of Chord Energy from $120.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. Finally, Wall Street Zen raised shares of Chord Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Chord Energy has a consensus rating of “Moderate Buy” and an average price target of $157.54.

Insider Activity

In related news, Director Douglas E. Brooks sold 3,500 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $136.71, for a total value of $478,485.00. Following the transaction, the director owned 20,205 shares of the company’s stock, valued at $2,762,225.55. This trade represents a 14.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Darrin J. Henke sold 1,276 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $145.97, for a total transaction of $186,257.72. Following the completion of the transaction, the chief operating officer directly owned 21,157 shares in the company, valued at $3,088,287.29. This represents a 5.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,276 shares of company stock worth $1,285,968 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Chord Energy Trading Up 0.2%

NASDAQ CHRD opened at $126.97 on Thursday. The company’s 50-day moving average price is $137.56 and its 200-day moving average price is $117.14. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The stock has a market cap of $7.15 billion, a PE ratio of -112.36 and a beta of 0.48. Chord Energy Corporation has a 12 month low of $84.25 and a 12 month high of $151.95.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $4.56 EPS for the quarter, topping the consensus estimate of $3.51 by $1.05. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.21 billion. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. The firm’s revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.04 EPS. Equities research analysts forecast that Chord Energy Corporation will post 20.53 earnings per share for the current year.

Chord Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Wednesday, May 20th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, May 20th. Chord Energy’s dividend payout ratio (DPR) is currently -460.18%.

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.