3,781 Shares in Chord Energy Corporation $CHRD Purchased by Wavvest Wealth LLC

Wavvest Wealth LLC purchased a new position in shares of Chord Energy Corporation (NASDAQ:CHRD) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,781 shares of the company’s stock, valued at approximately $507,000.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Chord Energy by 27.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,547,732 shares of the company’s stock valued at $220,078,000 after purchasing an additional 329,565 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Chord Energy by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 734,416 shares of the company’s stock valued at $100,586,000 after purchasing an additional 7,250 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Chord Energy during the second quarter valued at $66,489,000. First Trust Advisors LP grew its stake in Chord Energy by 98.2% in the first quarter. First Trust Advisors LP now owns 579,920 shares of the company’s stock valued at $82,453,000 after purchasing an additional 287,340 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Chord Energy by 178.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 424,841 shares of the company’s stock valued at $60,404,000 after purchasing an additional 272,349 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CHRD shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Chord Energy in a research report on Monday, June 29th. Weiss Ratings upgraded Chord Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Chord Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Wells Fargo & Company decreased their target price on shares of Chord Energy from $175.00 to $174.00 and set an “overweight” rating for the company in a research report on Wednesday, October 14th. Finally, UBS Group boosted their target price on shares of Chord Energy from $193.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.54.

Insider Buying and Selling at Chord Energy

In other news, Director Douglas E. Brooks sold 8,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $133.14, for a total value of $1,065,120.00. Following the completion of the sale, the director directly owned 10,705 shares in the company, valued at approximately $1,425,263.70. The trade was a 42.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Samantha Mckinney sold 9,750 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $149.94, for a total transaction of $1,461,915.00. Following the sale, the director directly owned 7,280 shares of the company’s stock, valued at approximately $1,091,563.20. This represents a 57.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,969 shares of company stock worth $3,389,599 over the last 90 days. Insiders own 0.79% of the company’s stock.

Chord Energy Stock Performance

CHRD opened at $150.85 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.22. The company has a market cap of $8.25 billion, a PE ratio of 10.11 and a beta of 0.59. The stock has a 50-day moving average of $144.33 and a 200-day moving average of $136.93. Chord Energy Corporation has a 52-week low of $84.25 and a 52-week high of $157.06.

Chord Energy (NASDAQ:CHRD) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.62 billion. During the same period in the previous year, the business posted $1.79 earnings per share. The firm’s revenue was up 128.6% on a year-over-year basis. As a group, equities research analysts forecast that Chord Energy Corporation will post 22.27 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Thursday, August 20th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 3.4%. The ex-dividend date was Thursday, August 20th. Chord Energy’s dividend payout ratio (DPR) is 34.85%.

Trending Headlines about Chord Energy

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

• Positive Sentiment: UBS raised its price target to $197 from $193 and maintained a Buy rating, implying substantial potential upside based on the referenced market price. The target increase is a direct positive catalyst for CHRD. Chord Energy price target raised by UBS
• Positive Sentiment: Zacks cited favorable earnings-estimate revisions as evidence that Chord Energy may continue its recent upward momentum, potentially improving expectations ahead of its next results. Why Chord Energy Might Be Well Poised for a Surge
• Positive Sentiment: CHRD was added to several Zacks Rank #1 Strong Buy lists on October 21, including growth, value, income and momentum screens. The repeated inclusion highlights favorable quantitative characteristics across multiple investment styles. New Strong Buy Stocks for October 21
• Neutral Sentiment: Commentary also describes Chord Energy as a growth, value and momentum candidate, while a separate article discusses whether the company is undervalued under new CEO Michael Lou. These are supportive themes but largely reiterate existing investment factors rather than announce new operating developments. Is Chord Energy Undervalued as New CEO Takes Charge?
• Neutral Sentiment: Investors are approaching an earnings catalyst. Chord Energy’s prior quarter included strong revenue growth but a slight EPS miss, so future results and guidance could determine whether the recent bullish estimates are validated. Strong Buy Growth Stocks Before Earnings

About Chord Energy

Chord Energy Corporation is an independent exploration and production company focused on the development and operation of oil and natural gas properties in the United States. Its portfolio is concentrated in the Williston Basin, which spans parts of North Dakota and Montana. The company’s production mix includes crude oil, natural gas and natural gas liquids.

Chord’s operations include acquiring, developing and producing hydrocarbons from operated and non-operated wells, with an emphasis on drilling and completion activities in the Bakken and Three Forks formations.