Caxton Associates LLP Has $1.60 Million Position in Chord Energy Corporation $CHRD

Caxton Associates LLP reduced its holdings in Chord Energy Corporation (NASDAQ:CHRD) by 27.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,237 shares of the company’s stock after selling 4,148 shares during the period. Caxton Associates LLP’s holdings in Chord Energy were worth $1,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in shares of Chord Energy by 63.8% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the company’s stock valued at $27,000 after acquiring an additional 74 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Chord Energy during the first quarter worth $29,000. Root Financial Partners LLC boosted its position in Chord Energy by 178.6% during the first quarter. Root Financial Partners LLC now owns 234 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares during the last quarter. WealthCollab LLC boosted 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. Finally, Blue Trust Inc. boosted its position in Chord Energy by 22.2% during the first quarter. Blue Trust Inc. now owns 463 shares of the company’s stock valued at $66,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Insider Activity at Chord Energy

In other Chord Energy news, COO Darrin J. Henke sold 1,276 shares of the firm’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 sale, the chief operating officer owned 21,157 shares of the company’s stock, valued at $3,088,287.29. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Douglas E. Brooks sold 1,500 shares of Chord Energy stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $138.57, for a total value of $207,855.00. Following the completion of the transaction, the director directly owned 18,705 shares in the company, valued at approximately $2,591,951.85. This represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,276 shares of company stock valued at $1,285,968. 0.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Roth Capital restated a “buy” rating and issued a $145.00 price objective on shares of Chord Energy in a report on Wednesday, July 15th. Williams Trading set a $189.00 price target on shares of Chord Energy in a research note on Monday, April 20th. Zacks Research downgraded shares of Chord Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. UBS Group reduced their price objective on shares of Chord Energy from $179.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Finally, Citigroup decreased their price objective on shares of Chord Energy from $155.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Chord Energy has an average rating of “Moderate Buy” and a consensus target price of $152.38.

Chord Energy Stock Performance

Shares of CHRD opened at $138.36 on Friday. The company has a market capitalization of $7.79 billion, a PE ratio of -122.44 and a beta of 0.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.96. Chord Energy Corporation has a one year low of $84.25 and a one year high of $151.95. The company’s fifty day moving average price is $129.37 and its 200 day moving average price is $122.34.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings results on Tuesday, May 5th. The company reported $4.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $1.05. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.04 earnings per share. As a group, analysts expect that Chord Energy Corporation will post 18.32 earnings per share for the current year.

Chord Energy Dividend Announcement

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

Chord Energy Company 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.