SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 6.9% Passive Stake in Chord Energy Corp
Beneficial Ownership Statement
FMR LLC and its affiliates, along with Abigail P. Johnson, have filed an amended Schedule 13G, reporting a 6.9% beneficial ownership stake in Chord Energy Corp as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 4,086,790.74 shares of Chord Energy Corp's common stock.
- This ownership represents 6.9% of the total outstanding common stock of Chord Energy Corp.
- FMR LLC holds sole voting power over 4,067,730.80 shares and sole dispositive power over 4,086,790.74 shares.
- Abigail P. Johnson holds sole dispositive power over 4,086,790.74 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Chord Energy Corp.
- FMR LLC is classified as a parent holding company or control person, with its subsidiaries including investment advisers (FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Management & Research Company LLC, Strategic Advisers LLC) and banks (Fidelity Institutional Asset Management Trust Company, Fidelity Management Trust Company).
- Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is part of the Johnson family group that holds predominant ownership and voting control of FMR LLC.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of a passive beneficial ownership stake, indicating no significant positive or negative shifts in the investor's intent or the company's immediate prospects based solely on this document.
Positives
- FMR LLC, a prominent institutional investor, maintains a significant 6.9% beneficial ownership stake in Chord Energy Corp, which can be viewed as a signal of continued institutional confidence in the company.
Future Outlook
NA
Industry Context
This filing indicates a continued significant passive investment by a major asset manager, FMR LLC, in Chord Energy Corp, an entity operating within the energy sector. Such institutional holdings are common and reflect portfolio allocation strategies rather than specific industry-wide shifts.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Control Structure Disclosure | The document details that members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC (representing 49% of voting power) and have a shareholders' voting agreement, which may deem them to form a controlling group with respect to FMR LLC. | NA | This pertains to the internal governance and control structure of FMR LLC, the reporting entity, rather than changes in the corporate governance of Chord Energy Corp. |
Stakeholder Impact
- Shareholders of Chord Energy Corp are informed of a significant and stable institutional ownership stake by FMR LLC and Abigail P. Johnson, which may contribute to market confidence.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson |
| 03/31/2025 | Date of event which requires filing of this statement (reporting period end date) |
| 05/09/2025 | Date of filing of this Schedule 13G |
Keywords
CHORD ENERGY CORP, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investment, passive stake, energy sector
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