Assenagon Asset Management S.A. Makes New Investment in Chord Energy Corporation $CHRD

Key Points

• Assenagon Asset Management initiated a position in Chord Energy during the second quarter, purchasing 215,833 shares worth approximately $24.7 million, or about 0.38% of the company.
• Chord Energy reported a strong second quarter, with revenue of $2.17 billion—up 128.6% year over year and well above estimates—although adjusted EPS of $6.44 fell $0.11 short of expectations.
• The company declared a quarterly dividend of $1.30 per share and plans to return at least 75% of adjusted free cash flow to shareholders beginning in the third quarter of 2026. Analysts maintain a “Moderate Buy” consensus with an average price target of $152.38.

Assenagon Asset Management S.A. bought a new position in Chord Energy Corporation (NASDAQ:CHRD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 215,833 shares of the company's stock, valued at approximately $24,670,000. Assenagon Asset Management S.A. owned approximately 0.38% of Chord Energy at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Bessemer Group Inc. raised its stake in shares of Chord Energy by 63.8% in the first quarter. Bessemer Group Inc. now owns 190 shares of the company's stock worth $27,000 after acquiring an additional 74 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Chord Energy during the first quarter valued at approximately $29,000. Root Financial Partners LLC grew its stake in shares of 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. Versant Capital Management Inc increased its holdings in shares of Chord Energy by 330.9% in the second quarter. Versant Capital Management Inc now owns 237 shares of the company's stock valued at $27,000 after purchasing an additional 182 shares in the last quarter. Finally, WealthCollab LLC increased its holdings in shares of Chord Energy by 90.6% in the second quarter. WealthCollab LLC now owns 305 shares of the company's stock valued at $30,000 after purchasing an additional 145 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors.

Chord Energy News Roundup

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

• Positive Sentiment: Strong revenue growth: Chord Energy reported second-quarter revenue of $2.17 billion, well above the $1.62 billion consensus estimate and 128.6% higher than the year-ago period. The company also generated $6.44 in adjusted earnings per share, indicating solid operating performance despite falling slightly short of expectations. Chord Energy Boosts Cash Returns After Strong Quarter
• Positive Sentiment: Higher cash returns planned: Beginning in the third quarter of 2026, Chord said it intends to return at least 75% of adjusted free cash flow to shareholders. The policy could support the stock by increasing the potential for dividends and other capital distributions. Chord targets at least 75% of adjusted free cash flow returned to shareholders
• Positive Sentiment: Quarterly dividend declared: The company declared a $1.30-per-share dividend payable September 4 to shareholders of record August 20. The dividend represents an annualized yield of approximately 3.9%, reinforcing Chord’s shareholder-return appeal. Chord Energy dividend and stock information
• Neutral Sentiment: Results largely driven by expectations: Earnings-call materials and the Q2 presentation provide additional detail on production, costs and the company’s outlook, which investors will assess alongside commodity prices and future free-cash-flow generation. Chord Energy Corporation 2026 Q2 Results Earnings Call Presentation
• Negative Sentiment: EPS missed estimates: Second-quarter earnings per share of $6.44 were $0.11 below the $6.55 consensus forecast, which may be weighing on the stock despite the substantial revenue beat.
• Negative Sentiment: Director sold shares: Director Douglas E. Brooks sold 8,000 shares for approximately $1.07 million, reducing his ownership by 42.77%. Although one insider transaction does not establish a trend, the sale can create a modest negative sentiment signal. SEC insider transaction filing

Insider Buying and Selling

In other news, COO Darrin J. Henke sold 1,276 shares of the business's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $145.97, for a total transaction of $186,257.72. Following the transaction, the chief operating officer directly owned 21,157 shares in the company, valued at $3,088,287.29. The trade was a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas E. Brooks sold 8,000 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $133.14, for a total transaction 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 SEC filing for this sale provides additional information. Corporate insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHRD. Wall Street Zen downgraded shares of Chord Energy from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 27th. Roth Capital reaffirmed a "buy" rating and set a $145.00 target price on shares of Chord Energy in a report on Wednesday, July 15th. Truist Financial cut their price target on shares of Chord Energy from $185.00 to $170.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Scotiabank raised their price objective on Chord Energy from $114.00 to $135.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 22nd. Finally, UBS Group cut their price objective on Chord Energy from $179.00 to $153.00 and set a "buy" rating on the stock in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $152.38.

Chord Energy Stock Performance

NASDAQ CHRD opened at $131.35 on Monday. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 8.80 and a beta of 0.48. The stock's 50 day moving average price is $128.03 and its two-hundred day moving average price is $125.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.15 and a current ratio of 1.22. Chord Energy Corporation has a 52 week low of $84.25 and a 52 week high of $151.95.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.55 by ($0.11). Chord Energy had a return on equity of 10.18% and a net margin of 13.42%.The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the business earned $1.79 earnings per share. Chord Energy's revenue was up 128.6% compared to the same quarter last year. As a group, analysts anticipate that Chord Energy Corporation will post 18.32 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Thursday, August 20th will be paid a dividend of $1.30 per share. The ex-dividend date is Thursday, August 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.0%. Chord Energy's dividend payout ratio is currently 34.85%.

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.

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