Rep. Lisa C. McClain Purchases Shares of Chord Energy Corporation (NASDAQ:CHRD)

Key Points

• Representative Lisa C. McClain recently purchased between $1,001 and $15,000 in shares of Chord Energy Corporation (NASDAQ:CHRD) on June 24th.
• Chord Energy's shares are currently trading at $102.11, with a recent quarterly earnings report showing an EPS of $1.79, missing estimates by $0.09.
• The company has announced a quarterly dividend of $1.30 per share, representing a 5.1% dividend yield, with a payout ratio of 132.32%.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Chord Energy Corporation NASDAQ: CHRD. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Chord Energy stock on June 24th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Chord Energy Stock Down 0.7%

Shares of Chord Energy stock traded down $0.70 on Friday, reaching $102.11. 911,170 shares of the company were exchanged, compared to its average volume of 752,553. Chord Energy Corporation has a 1-year low of $79.83 and a 1-year high of $155.88. The company has a market cap of $5.85 billion, a P/E ratio of 25.98 and a beta of 0.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.90. The stock's 50 day moving average price is $104.35 and its 200-day moving average price is $102.00.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.79 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.09). Chord Energy had a return on equity of 9.02% and a net margin of 5.02%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $984.07 million. During the same period in the prior year, the firm posted $4.69 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts forecast that Chord Energy Corporation will post 15.59 EPS for the current year.

Chord Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Thursday, August 21st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.1%. Chord Energy's payout ratio is currently 132.32%.

Hedge Funds Weigh In On Chord Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Chord Energy by 6.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 791,958 shares of the company's stock valued at $89,198,000 after acquiring an additional 47,649 shares during the period. Aurora Investment Counsel purchased a new stake in shares of Chord Energy during the first quarter worth approximately $1,940,000. New York State Teachers Retirement System raised its stake in shares of Chord Energy by 8.4% during the first quarter. New York State Teachers Retirement System now owns 29,190 shares of the company's stock worth $3,290,000 after purchasing an additional 2,263 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of Chord Energy by 56.9% during the first quarter. Perigon Wealth Management LLC now owns 35,642 shares of the company's stock worth $4,018,000 after purchasing an additional 12,925 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Chord Energy by 309.8% during the first quarter. SG Americas Securities LLC now owns 11,092 shares of the company's stock worth $1,250,000 after purchasing an additional 8,385 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chord Energy

In other news, EVP Shannon Browning Kinney sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $101.64, for a total transaction of $101,640.00. Following the completion of the sale, the executive vice president owned 17,669 shares in the company, valued at $1,795,877.16. This represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on CHRD. Wall Street Zen downgraded Chord Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Bank of America lowered their price objective on Chord Energy from $114.00 to $112.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Piper Sandler boosted their price objective on Chord Energy from $164.00 to $166.00 and gave the stock an "overweight" rating in a research report on Thursday. Mizuho lowered their price objective on Chord Energy from $154.00 to $150.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Finally, UBS Group reissued a "buy" rating and set a $120.00 price objective (up from $113.00) on shares of Chord Energy in a research report on Tuesday. Two analysts have rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $148.77.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Chord Energy

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.

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