River Road Asset Management LLC lowered its holdings in Chesapeake Energy Co. (NASDAQ:CHK - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 212,065 shares of the company's stock after selling 46,589 shares during the quarter. River Road Asset Management LLC owned about 0.16% of Chesapeake Energy worth $16,316,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Belpointe Asset Management LLC grew its holdings in Chesapeake Energy by 478.3% during the 1st quarter. Belpointe Asset Management LLC now owns 347 shares of the company's stock valued at $26,000 after buying an additional 287 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Chesapeake Energy by 132.1% in the second quarter. Parkside Financial Bank & Trust now owns 362 shares of the company's stock valued at $30,000 after purchasing an additional 206 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Chesapeake Energy during the first quarter valued at approximately $32,000. Gladius Capital Management LP bought a new position in shares of Chesapeake Energy during the third quarter valued at approximately $36,000. Finally, Covestor Ltd raised its holdings in shares of Chesapeake Energy by 292.0% during the first quarter. Covestor Ltd now owns 439 shares of the company's stock valued at $38,000 after acquiring an additional 327 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have recently commented on CHK. Benchmark cut their target price on Chesapeake Energy from $107.00 to $93.00 and set a "buy" rating on the stock in a research note on Tuesday, April 9th. TheStreet downgraded Chesapeake Energy from a "b-" rating to a "c+" rating in a research note on Friday, December 29th. Mizuho reissued a "buy" rating and set a $100.00 target price on shares of Chesapeake Energy in a research report on Thursday, April 11th. KeyCorp began coverage on Chesapeake Energy in a research report on Thursday, April 4th. They issued a "sector weight" rating on the stock. Finally, Barclays began coverage on Chesapeake Energy in a report on Wednesday, April 10th. They issued an "equal weight" rating and a $102.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Chesapeake Energy currently has a consensus rating of "Hold" and an average target price of $103.58.
Read Our Latest Report on CHK
Chesapeake Energy Stock Performance
Shares of Chesapeake Energy stock traded up $0.17 on Thursday, hitting $87.32. The stock had a trading volume of 1,081,093 shares, compared to its average volume of 2,081,257. Chesapeake Energy Co. has a 52-week low of $72.84 and a 52-week high of $91.03. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 5.17 and a beta of 0.52. The company's 50 day moving average price is $84.20 and its 200 day moving average price is $81.91.
Chesapeake Energy (NASDAQ:CHK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.89. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $962.95 million. During the same quarter in the previous year, the firm posted $4.22 EPS. On average, research analysts anticipate that Chesapeake Energy Co. will post 2.03 EPS for the current year.
Chesapeake Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy's payout ratio is currently 13.66%.
About Chesapeake Energy
(
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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