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Williston Today
By the People, for the People
Algert Global LLC Reduces Chord Energy Stake by 31%
Institutional investor sells 38,030 shares of oil and gas company
Mar. 17, 2026 at 7:09am
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Algert Global LLC, an institutional investor, reduced its position in Chord Energy Corporation (NASDAQ:CHRD) by 31.2% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm sold 38,030 shares, leaving it with 83,850 shares worth approximately $8.3 million.
Why it matters
Chord Energy is an independent oil and gas exploration and production company focused on the Williston Basin in North Dakota and Montana, as well as the Delaware Basin in West Texas. Institutional investors' trading activity in the company's stock can provide insights into market sentiment and the stock's performance.
The details
According to the 13F filing, Algert Global LLC sold 38,030 shares of Chord Energy, reducing its stake in the company by 31.2%. The institutional investor now owns approximately 83,850 shares, or about 0.15% of Chord Energy's outstanding stock. The sale comes as Chord Energy's stock has seen increased volatility, with shares trading between $79.83 and $127.56 over the past 52 weeks.
- Algert Global LLC made the stock sale during the third quarter of the year.
The players
Algert Global LLC
An institutional investor that manages a portfolio of investments, including a position in Chord Energy Corporation.
Chord Energy Corporation
An independent oil and gas exploration and production company focused on the Williston Basin in North Dakota and Montana, as well as the Delaware Basin in West Texas.
The takeaway
The reduction in Algert Global's stake in Chord Energy reflects the volatility in the oil and gas sector and the shifting investment strategies of institutional investors. This news provides insight into the market's perception of Chord Energy's performance and future prospects.
