Swiss National Bank Has $27.07 Million Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

Swiss National Bank reduced its position in shares of Chesapeake Energy Co. (NASDAQ:CHK - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,800 shares of the company's stock after selling 13,900 shares during the period. Swiss National Bank owned about 0.27% of Chesapeake Energy worth $27,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CHK. Deutsche Bank AG grew its stake in shares of Chesapeake Energy by 14.7% during the third quarter. Deutsche Bank AG now owns 261,978 shares of the company's stock worth $22,590,000 after purchasing an additional 33,660 shares in the last quarter. Townsquare Capital LLC increased its stake in Chesapeake Energy by 6.6% in the third quarter. Townsquare Capital LLC now owns 13,104 shares of the company's stock valued at $1,130,000 after purchasing an additional 816 shares during the period. Yousif Capital Management LLC acquired a new stake in shares of Chesapeake Energy during the third quarter worth about $4,510,000. Cottage Street Advisors LLC purchased a new position in shares of Chesapeake Energy during the third quarter worth about $1,693,000. Finally, Texas Permanent School Fund Corp purchased a new stake in Chesapeake Energy during the 3rd quarter valued at approximately $8,238,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Chesapeake Energy Trading Down 0.1 %

Shares of Chesapeake Energy stock traded down $0.07 during mid-day trading on Thursday, hitting $88.30. 1,404,624 shares of the stock were exchanged, compared to its average volume of 2,046,326. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 11.91 and a beta of 0.51. Chesapeake Energy Co. has a twelve month low of $72.84 and a twelve month high of $93.58. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $87.05 and a 200 day simple moving average of $82.10.

Chesapeake Energy (NASDAQ:CHK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.08). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $674.99 million. Chesapeake Energy had a return on equity of 4.87% and a net margin of 16.42%. During the same quarter last year, the business earned $1.87 EPS. Research analysts forecast that Chesapeake Energy Co. will post 1.19 EPS for the current year.

Chesapeake Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 3.24%. This is an increase from Chesapeake Energy's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, May 15th. Chesapeake Energy's payout ratio is presently 31.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHK. Mizuho increased their price target on Chesapeake Energy from $100.00 to $101.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. Benchmark reduced their target price on Chesapeake Energy from $107.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, May 2nd. KeyCorp assumed coverage on shares of Chesapeake Energy in a report on Thursday, April 4th. They issued a "sector weight" rating for the company. Scotiabank upped their target price on shares of Chesapeake Energy from $92.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 11th. Finally, Citigroup upgraded shares of Chesapeake Energy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $82.00 to $95.00 in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $105.83.

Chesapeake Energy Profile

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.