Picton Mahoney Asset Management lifted its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHK - Free Report) by 183.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,934 shares of the company's stock after buying an additional 55,634 shares during the period. Picton Mahoney Asset Management owned approximately 0.07% of Chesapeake Energy worth $7,064,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CHK. Principal Securities Inc. purchased a new position in shares of Chesapeake Energy in the 4th quarter worth $28,000. Lindbrook Capital LLC increased its position in shares of Chesapeake Energy by 90.8% during the 1st quarter. Lindbrook Capital LLC now owns 374 shares of the company's stock valued at $33,000 after purchasing an additional 178 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Chesapeake Energy in the 1st quarter worth approximately $37,000. BOKF NA purchased a new position in shares of Chesapeake Energy in the first quarter worth approximately $45,000. Finally, GAMMA Investing LLC bought a new stake in Chesapeake Energy during the fourth quarter valued at approximately $40,000. 97.93% of the stock is currently owned by institutional investors.
Chesapeake Energy Trading Up 0.7 %
Shares of Chesapeake Energy stock traded up $0.50 on Friday, reaching $74.49. The company had a trading volume of 1,670,173 shares, compared to its average volume of 1,862,147. The firm's 50-day moving average price is $77.64 and its two-hundred day moving average price is $83.51. Chesapeake Energy Co. has a 1 year low of $69.42 and a 1 year high of $93.58. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of 10.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.33.
Chesapeake Energy (NASDAQ:CHK - Get Free Report) last released its earnings results on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. The firm had revenue of $505.00 million during the quarter, compared to the consensus estimate of $822.54 million. During the same quarter last year, the business posted $0.64 EPS. Chesapeake Energy's revenue was down 73.3% compared to the same quarter last year. As a group, research analysts predict that Chesapeake Energy Co. will post 1.34 earnings per share for the current fiscal year.
Chesapeake Energy Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, August 15th. Chesapeake Energy's payout ratio is currently 31.00%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on CHK. StockNews.com raised Chesapeake Energy to a "sell" rating in a report on Wednesday, August 14th. Mizuho increased their price target on Chesapeake Energy from $101.00 to $111.00 and gave the stock a "buy" rating in a research note on Monday, May 13th. KeyCorp assumed coverage on Chesapeake Energy in a research report on Thursday, June 27th. They issued a "sector weight" rating on the stock. Wolfe Research started coverage on Chesapeake Energy in a report on Thursday, July 18th. They issued an "outperform" rating and a $110.00 price target on the stock. Finally, Truist Financial cut their price objective on shares of Chesapeake Energy from $112.00 to $108.00 and set a "buy" rating for the company in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $107.17.
Check Out Our Latest Report on CHK
Chesapeake Energy Company Profile
(
Free Report)
Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.
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