Mutual of America Capital Management LLC cut its stake in shares of Chesapeake Energy Co. (NASDAQ:CHK - Free Report) by 37.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,527 shares of the company's stock after selling 45,207 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Chesapeake Energy worth $5,888,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG grew its position in Chesapeake Energy by 14.7% in the third quarter. Deutsche Bank AG now owns 261,978 shares of the company's stock worth $22,590,000 after acquiring an additional 33,660 shares in the last quarter. State of Alaska Department of Revenue grew its position in Chesapeake Energy by 204.0% in the third quarter. State of Alaska Department of Revenue now owns 19,925 shares of the company's stock worth $1,717,000 after acquiring an additional 13,370 shares in the last quarter. Townsquare Capital LLC grew its position in Chesapeake Energy by 6.6% in the third quarter. Townsquare Capital LLC now owns 13,104 shares of the company's stock worth $1,130,000 after acquiring an additional 816 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in shares of Chesapeake Energy in the third quarter worth $4,510,000. Finally, Cottage Street Advisors LLC acquired a new stake in shares of Chesapeake Energy in the third quarter worth $1,693,000. 97.93% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently weighed in on CHK shares. Benchmark reduced their price objective on shares of Chesapeake Energy from $107.00 to $93.00 and set a "buy" rating for the company in a research note on Tuesday, April 9th. StockNews.com cut shares of Chesapeake Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, December 19th. KeyCorp initiated coverage on shares of Chesapeake Energy in a research note on Thursday, April 4th. They set a "sector weight" rating for the company. Jefferies Financial Group cut their price target on shares of Chesapeake Energy from $118.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Scotiabank increased their price target on shares of Chesapeake Energy from $92.00 to $110.00 and gave the company a "sector perform" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $103.58.
Read Our Latest Stock Analysis on CHK
Chesapeake Energy Stock Performance
Chesapeake Energy stock traded up $0.61 during midday trading on Friday, hitting $88.59. The company's stock had a trading volume of 1,577,347 shares, compared to its average volume of 1,765,387. Chesapeake Energy Co. has a 1-year low of $72.84 and a 1-year high of $91.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.99. The company has a 50-day moving average price of $83.50 and a two-hundred day moving average price of $81.86. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 5.26 and a beta of 0.52.
Chesapeake Energy (NASDAQ:CHK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.89. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $962.95 million. During the same quarter in the previous year, the company earned $4.22 EPS. As a group, sell-side analysts predict that Chesapeake Energy Co. will post 2.03 earnings per share for the current year.
Chesapeake Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 7th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Wednesday, March 6th. Chesapeake Energy's payout ratio is presently 13.66%.
Chesapeake Energy 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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