Jump Financial LLC Buys New Stake in Chesapeake Energy Co. (NASDAQ:CHK)

Jump Financial LLC acquired a new position in Chesapeake Energy Co. (NASDAQ:CHK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,905 shares of the company's stock, valued at approximately $1,455,000.

Several other hedge funds and other institutional investors have also modified their holdings of CHK. Principal Securities Inc. acquired a new position in shares of Chesapeake Energy during the fourth quarter worth $28,000. Gladius Capital Management LP acquired a new stake in shares of Chesapeake Energy during the third quarter valued at about $36,000. GAMMA Investing LLC purchased a new stake in shares of Chesapeake Energy during the fourth quarter worth about $40,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Chesapeake Energy by 1,207.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 680 shares of the company's stock valued at $52,000 after purchasing an additional 628 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Chesapeake Energy by 160.7% during the 4th quarter. Allworth Financial LP now owns 730 shares of the company's stock valued at $56,000 after purchasing an additional 450 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CHK shares. Benchmark decreased their price target on shares of Chesapeake Energy from $107.00 to $93.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. Scotiabank boosted their price objective on Chesapeake Energy from $92.00 to $110.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. KeyCorp initiated coverage on Chesapeake Energy in a report on Thursday, April 4th. They set a "sector weight" rating on the stock. Stephens upped their price target on Chesapeake Energy from $116.00 to $117.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 1st. Finally, Truist Financial decreased their price objective on shares of Chesapeake Energy from $119.00 to $112.00 and set a "buy" rating for the company in a report on Friday, April 5th. One research 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 data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $106.67.

Chesapeake Energy Stock Performance

Shares of CHK traded down $0.14 during trading hours on Thursday, reaching $91.11. 1,485,253 shares of the company's stock traded hands, compared to its average volume of 2,023,579. Chesapeake Energy Co. has a twelve month low of $72.84 and a twelve month high of $93.58. The business's fifty day simple moving average is $87.71 and its two-hundred day simple moving average is $82.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 12.30 and a beta of 0.51.

Chesapeake Energy (NASDAQ:CHK - Get Free Report) last issued its quarterly earnings results 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 net margin of 16.42% and a return on equity of 4.87%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $674.99 million. During the same period in the previous year, the business posted $1.87 earnings per share. Analysts predict that Chesapeake Energy Co. will post 1.15 earnings per share for the current year.

Chesapeake Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders 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 3.14%. 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 dividend payout ratio is presently 31.00%.

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.