Rep. Josh Gottheimer Sells Shares of Chord Energy Co. (NASDAQ:CHRD)

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):

• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/24/2025.
• Sold $1,001 – $15,000 in shares of Spotify Technology (NYSE:SPOT) on 3/24/2025.
• Sold $1,001 – $15,000 in shares of Flywire (NASDAQ:FLYW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Diageo (NYSE:DEO) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Shopify (NYSE:SHOP) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/19/2025.
• Sold $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 3/19/2025.

Chord Energy Trading Up 4.0 %

Shares of CHRD stock opened at $89.34 on Monday. Chord Energy Co. has a 1-year low of $79.83 and a 1-year high of $188.41. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock 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. The stock has a 50-day moving average of $106.10 and a 200-day moving average of $117.95.

Chord Energy Increases Dividend

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

Wall Street Analyst Weigh In

CHRD has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of Chord Energy from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Williams Trading set a $155.00 price objective on shares of Chord Energy in a research report on Wednesday, March 5th. Mizuho dropped their target price on shares of Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Bank of America decreased their price target on Chord Energy from $138.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, April 1st. Finally, Piper Sandler dropped their price objective on Chord Energy from $193.00 to $184.00 and set an “overweight” rating on the stock in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.62.

Hedge Funds Weigh In On Chord Energy

A number of institutional investors have recently modified their holdings of CHRD. Delta Capital Management LLC increased its stake in Chord Energy by 4.3% during the 4th quarter. Delta Capital Management LLC now owns 2,200 shares of the company’s stock valued at $257,000 after purchasing an additional 90 shares in the last quarter. Gables Capital Management Inc. increased its position in shares of Chord Energy by 6.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,550 shares of the company’s stock worth $181,000 after acquiring an additional 100 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Chord Energy by 2.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,710 shares of the company’s stock worth $434,000 after acquiring an additional 106 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Chord Energy by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company’s stock valued at $718,000 after acquiring an additional 110 shares in the last quarter. Finally, MGO One Seven LLC boosted its stake in Chord Energy by 6.7% during the 4th quarter. MGO One Seven LLC now owns 1,775 shares of the company’s stock valued at $208,000 after purchasing an additional 111 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

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.

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.