Mackenzie Financial Corp lifted its position in Chesapeake Energy Co. (NASDAQ:CHK - Free Report) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,147 shares of the company's stock after buying an additional 12,243 shares during the quarter. Mackenzie Financial Corp owned about 0.08% of Chesapeake Energy worth $7,859,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its stake in Chesapeake Energy by 2.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,159 shares of the company's stock valued at $617,000 after purchasing an additional 141 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Chesapeake Energy by 1.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 9,439 shares of the company's stock valued at $716,000 after purchasing an additional 151 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Chesapeake Energy by 4.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 3,761 shares of the company's stock valued at $289,000 after purchasing an additional 154 shares during the last quarter. Forum Financial Management LP raised its stake in Chesapeake Energy by 6.2% during the 3rd quarter. Forum Financial Management LP now owns 2,812 shares of the company's stock valued at $242,000 after purchasing an additional 163 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in Chesapeake Energy by 7.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,803 shares of the company's stock valued at $242,000 after purchasing an additional 199 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.
Chesapeake Energy Price Performance
NASDAQ:CHK traded up $0.19 during mid-day trading on Friday, reaching $87.51. 1,217,226 shares of the company were exchanged, compared to its average volume of 1,419,442. Chesapeake Energy Co. has a 12 month low of $72.84 and a 12 month high of $91.03. The company has a fifty day moving average of $84.61 and a 200 day moving average of $81.97. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11.45 billion, a PE ratio of 5.20 and a beta of 0.52.
Chesapeake Energy (NASDAQ:CHK - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.89. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $962.95 million. During the same period in the prior year, the company posted $4.22 EPS. On average, research analysts anticipate that Chesapeake Energy Co. will post 2.03 EPS for the current fiscal year.
Chesapeake Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 7th were given a dividend of $0.575 per share. The ex-dividend date was Wednesday, March 6th. This represents a $2.30 dividend on an annualized basis and a yield of 2.63%. Chesapeake Energy's payout ratio is presently 13.66%.
Analyst Ratings Changes
Several equities analysts recently commented on CHK shares. Jefferies Financial Group cut their target price on shares of Chesapeake Energy from $118.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, April 10th. UBS Group boosted their price target on shares of Chesapeake Energy from $92.00 to $94.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. Truist Financial lowered their price target on shares of Chesapeake Energy from $119.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Citigroup raised shares of Chesapeake Energy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $82.00 to $95.00 in a report on Friday, January 12th. Finally, Mizuho reissued a "buy" rating and issued a $100.00 price target on shares of Chesapeake Energy in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Chesapeake Energy has a consensus rating of "Hold" and an average price target of $103.58.
View Our Latest Stock Analysis on Chesapeake Energy
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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