Chord Energy (NASDAQ:CHRD) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Chord Energy Co. (NASDAQ:CHRD). In a filing disclosed on April 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Chord Energy stock on March 19th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 3/24/2025.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/24/2025.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Pacific Premier Bancorp (NASDAQ:PPBI) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Azenta (NASDAQ:AZTA) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Endava (NYSE:DAVA) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 3/19/2025.

Chord Energy Stock Up 4.0 %

Shares of CHRD stock traded up $3.45 on Friday, reaching $89.34. 1,154,332 shares of the company were exchanged, compared to its average volume of 967,550. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The company has a 50-day moving average of $106.10 and a 200-day moving average of $117.95. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 4.60, a PEG ratio of 5.83 and a beta of 0.96. Chord Energy Co. has a one year low of $79.83 and a one year high of $188.41.

Chord Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, March 11th. This represents a $5.20 annualized dividend and a dividend yield of 5.82%. This is a positive change from Chord Energy’s previous quarterly dividend of $1.25. Chord Energy’s dividend payout ratio is currently 32.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tealwood Asset Management Inc. raised its stake in shares of Chord Energy by 197.2% during the 1st quarter. Tealwood Asset Management Inc. now owns 9,477 shares of the company’s stock worth $1,068,000 after purchasing an additional 6,288 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its stake in Chord Energy by 15.0% in the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 106,032 shares of the company’s stock valued at $11,952,000 after acquiring an additional 13,821 shares during the last quarter. Benson Investment Management Company Inc. bought a new position in shares of Chord Energy during the 1st quarter valued at approximately $3,553,000. Parallel Advisors LLC grew its position in shares of Chord Energy by 115.4% during the 1st quarter. Parallel Advisors LLC now owns 2,137 shares of the company’s stock valued at $241,000 after acquiring an additional 1,145 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Chord Energy by 31,910.5% during the 1st quarter. GAMMA Investing LLC now owns 81,947 shares of the company’s stock worth $9,237,000 after purchasing an additional 81,691 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Analysts Set New Price Targets

CHRD has been the subject of a number of research reports. Citigroup reduced their price objective on Chord Energy from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Williams Trading set a $155.00 price target on shares of Chord Energy in a research report on Wednesday, March 5th. Wolfe Research upgraded shares of Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 price objective on the stock in a report on Friday, January 3rd. Bank of America reduced their price objective on shares of Chord Energy from $138.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, April 1st. Finally, Mizuho decreased their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.62.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Chord Energy Company Profile

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.