Chord Energy Corporation (CHRD) To Go Ex-Dividend on August 20th

Chord Energy Corporation (NASDAQ:CHRD) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 20th will be given a dividend of 1.30 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, August 20th.

Chord Energy has a payout ratio of 53.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Chord Energy to earn $11.61 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 44.8%.

Chord Energy Trading Up 4.0%

Shares of CHRD opened at $142.88 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock has a market cap of $7.82 billion, a PE ratio of 9.58 and a beta of 0.48. Chord Energy has a 1 year low of $84.25 and a 1 year high of $151.95. The stock has a 50 day simple moving average of $128.04 and a 200-day simple moving average of $127.38.

Chord Energy (NASDAQ:CHRD) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.55 by ($0.11). Chord Energy had a net margin of 13.42% and a return on equity of 10.18%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the firm earned $1.79 EPS. Chord Energy’s quarterly revenue was up 128.6% compared to the same quarter last year. On average, sell-side analysts predict that Chord Energy will post 18.03 EPS for the current fiscal year.

Insider Transactions at Chord Energy

In other news, Director Douglas E. Brooks sold 8,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $133.14, for a total transaction of $1,065,120.00. Following the sale, the director directly owned 10,705 shares of the company’s stock, valued at $1,425,263.70. This represents a 42.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Samantha Mckinney sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $136.32, for a total transaction of $299,904.00. Following the completion of the transaction, the director owned 17,030 shares of the company’s stock, valued at $2,321,529.60. This trade represents a 11.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 14,219 shares of company stock worth $1,927,684. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Chord Energy

A number of institutional investors have recently bought and sold shares of CHRD. Orion Porfolio Solutions LLC boosted its position in shares of Chord Energy by 6,714.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 709,086 shares of the company’s stock worth $68,675,000 after purchasing an additional 698,680 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Chord Energy during the 2nd quarter worth about $66,489,000. Dimensional Fund Advisors LP boosted its position in Chord Energy by 85.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,218,167 shares of the company’s stock valued at $112,927,000 after purchasing an additional 561,899 shares during the last quarter. AQR Capital Management LLC grew its stake in Chord Energy by 210.5% in the second quarter. AQR Capital Management LLC now owns 734,225 shares of the company’s stock valued at $71,110,000 after purchasing an additional 497,789 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Chord Energy during the 1st quarter worth approximately $60,190,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

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.