Hsbc Holdings PLC Has $15.14 Million Stock Holdings in Chord Energy Corporation $CHRD

Hsbc Holdings PLC lifted its holdings in shares of Chord Energy Corporation (NASDAQ:CHRD) by 169.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 164,220 shares of the company’s stock after purchasing an additional 103,202 shares during the quarter. Hsbc Holdings PLC’s holdings in Chord Energy were worth $15,138,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. lifted its position in shares of Chord Energy by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 3,166,564 shares of the company’s stock worth $314,661,000 after buying an additional 163,125 shares during the period. Geode Capital Management LLC grew its position in Chord Energy by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 2,053,045 shares of the company’s stock valued at $190,346,000 after acquiring an additional 277,588 shares during the period. Wellington Management Group LLP raised its stake in Chord Energy by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 1,809,526 shares of the company’s stock worth $167,743,000 after acquiring an additional 104,373 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Chord Energy by 18.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,243,850 shares of the company’s stock valued at $115,305,000 after acquiring an additional 193,469 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 561,899 shares during the period. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Trading Down 0.4%

CHRD opened at $119.48 on Friday. 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 capitalization of $6.73 billion, a PE ratio of -105.73 and a beta of 0.48. Chord Energy Corporation has a 1-year low of $84.25 and a 1-year high of $151.95. The firm has a 50-day moving average price of $136.03 and a two-hundred day moving average price of $118.30.

Chord Energy (NASDAQ:CHRD) last announced its earnings results on Tuesday, May 5th. The company reported $4.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $1.05. Chord Energy had a negative net margin of 1.25% and a positive return on equity of 7.06%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business earned $4.04 earnings per share. Chord Energy’s quarterly revenue was up 37.1% on a year-over-year basis. As a group, equities analysts anticipate that Chord Energy Corporation will post 20.53 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Wednesday, May 20th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.4%. The ex-dividend date was Wednesday, May 20th. Chord Energy’s payout ratio is -460.18%.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, Director Douglas E. Brooks sold 3,500 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $136.71, for a total transaction of $478,485.00. Following the transaction, the director owned 20,205 shares of the company’s stock, valued at approximately $2,762,225.55. This represents a 14.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Darrin J. Henke sold 1,276 shares of the stock in a transaction on Friday, May 15th. The shares were 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 owned 21,157 shares in the company, valued at $3,088,287.29. The trade was a 5.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,276 shares of company stock worth $1,285,968. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Truist Financial lowered their target price on shares of Chord Energy from $187.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Roth Mkm reissued a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Chord Energy in a report on Friday, April 17th. Zacks Research lowered shares of Chord Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Mizuho upped their price objective on shares of Chord Energy from $164.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Chord Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Chord Energy presently has an average rating of “Moderate Buy” and an average target price of $157.54.

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.