Rep. Josh Gottheimer Buys Chord Energy Co. (NASDAQ:CHRD) Stock

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Chord Energy Co. (NASDAQ:CHRD). In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Chord Energy stock on October 17th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

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

• Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ITT (NYSE:ITT) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ICU Medical (NASDAQ:ICUI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of AppFolio (NASDAQ:APPF) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Gates Industrial (NYSE:GTES) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/29/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Enerpac Tool Group (NYSE:EPAC) on 10/25/2024.

Chord Energy Trading Up 0.7 %

Shares of CHRD opened at $132.86 on Friday. The firm has a market cap of $8.22 billion, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 4.86 and a beta of 0.98. Chord Energy Co. has a fifty-two week low of $123.30 and a fifty-two week high of $190.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.96. The business has a 50-day moving average of $132.59 and a 200 day moving average of $156.69.

Chord Energy (NASDAQ:CHRD) last posted its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chord Energy had a return on equity of 15.06% and a net margin of 20.83%. Chord Energy’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.04 EPS. As a group, research analysts forecast that Chord Energy Co. will post 17.07 EPS for the current year.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 3.76%. Chord Energy’s payout ratio is 25.75%.

Insider Activity at Chord Energy

In other Chord Energy news, Director Samantha Holroyd purchased 500 shares of Chord Energy stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the transaction, the director now directly owns 14,417 shares of the company’s stock, valued at approximately $2,155,485.67. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chord Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CHRD. Janney Montgomery Scott LLC lifted its holdings in shares of Chord Energy by 7.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,045 shares of the company’s stock worth $1,256,000 after acquiring an additional 514 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Chord Energy during the first quarter worth about $638,000. Texas Permanent School Fund Corp boosted its holdings in shares of Chord Energy by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 36,126 shares of the company’s stock worth $6,439,000 after purchasing an additional 467 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Chord Energy by 31.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,496 shares of the company’s stock valued at $623,000 after purchasing an additional 846 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Chord Energy by 32.5% during the 1st quarter. LSV Asset Management now owns 131,920 shares of the company’s stock valued at $23,513,000 after purchasing an additional 32,366 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CHRD shares. Jefferies Financial Group began coverage on Chord Energy in a research report on Thursday, September 5th. They set a “hold” rating and a $160.00 target price on the stock. UBS Group assumed coverage on Chord Energy in a research note on Wednesday, October 16th. They set a “buy” rating and a $168.00 price objective on the stock. Citigroup cut their target price on Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Chord Energy in a research report on Friday, September 20th. Finally, Wells Fargo & Company cut their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of “Moderate Buy” and an average target price of $190.18.

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, 2025. 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 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. 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.