Cannell & Co. grew its stake in Chesapeake Energy Co. (NASDAQ:CHK - Free Report) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 824,782 shares of the company's stock after acquiring an additional 58,253 shares during the quarter. Chesapeake Energy accounts for 2.0% of Cannell & Co.'s portfolio, making the stock its 11th biggest holding. Cannell & Co. owned about 0.63% of Chesapeake Energy worth $63,459,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. Deutsche Bank AG boosted its stake in Chesapeake Energy by 14.7% during the 3rd quarter. Deutsche Bank AG now owns 261,978 shares of the company's stock valued at $22,590,000 after purchasing an additional 33,660 shares during the last quarter. Townsquare Capital LLC increased its holdings in Chesapeake Energy by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 13,104 shares of the company's stock worth $1,130,000 after buying an additional 816 shares in the last quarter. Yousif Capital Management LLC purchased a new position in Chesapeake Energy in the 3rd quarter worth about $4,510,000. Cottage Street Advisors LLC bought a new position in Chesapeake Energy during the 3rd quarter valued at about $1,693,000. Finally, Kimmeridge Energy Management Company LLC boosted its holdings in shares of Chesapeake Energy by 16.2% during the 3rd quarter. Kimmeridge Energy Management Company LLC now owns 3,153,879 shares of the company's stock valued at $271,959,000 after acquiring an additional 439,186 shares during the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.
Chesapeake Energy Stock Performance
Chesapeake Energy stock traded down $3.20 during midday trading on Wednesday, hitting $86.68. The stock had a trading volume of 4,025,387 shares, compared to its average volume of 2,056,130. Chesapeake Energy Co. has a 52-week low of $72.84 and a 52-week high of $93.58. The company has a market capitalization of $11.34 billion, a PE ratio of 5.12 and a beta of 0.52. The firm's fifty day moving average is $86.43 and its two-hundred day moving average is $82.10. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19.
Chesapeake Energy (NASDAQ:CHK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.08). Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $674.99 million. During the same period last year, the company earned $1.87 earnings per share. On average, research analysts forecast that Chesapeake Energy Co. will post 1.76 EPS for the current year.
Chesapeake Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 7th were given a $0.575 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.30 annualized dividend and a dividend yield of 2.65%. Chesapeake Energy's payout ratio is 13.66%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Chesapeake Energy from $92.00 to $110.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. KeyCorp started coverage on shares of Chesapeake Energy in a research note on Thursday, April 4th. They set a "sector weight" rating for the company. Stephens increased their price target on Chesapeake Energy from $116.00 to $117.00 and gave the company an "equal weight" rating in a report on Wednesday. Benchmark cut their price objective on Chesapeake Energy from $107.00 to $93.00 and set a "buy" rating for the company in a report on Tuesday, April 9th. Finally, Mizuho increased their target price on Chesapeake Energy from $100.00 to $101.00 and gave the company a "buy" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $105.83.
View Our Latest Research Report on Chesapeake Energy
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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