Chesapeake Energy Co. (NASDAQ:CHK) Position Increased by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 423.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,288 shares of the company’s stock after buying an additional 47,963 shares during the quarter. Quantbot Technologies LP’s holdings in Chesapeake Energy were worth $4,873,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in Chesapeake Energy during the fourth quarter valued at about $28,000. Lindbrook Capital LLC lifted its position in shares of Chesapeake Energy by 90.8% in the 1st quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock valued at $33,000 after acquiring an additional 178 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Chesapeake Energy in the 1st quarter worth approximately $37,000. BOKF NA purchased a new position in Chesapeake Energy during the 1st quarter worth approximately $45,000. Finally, GAMMA Investing LLC raised its stake in Chesapeake Energy by 75.6% during the 2nd quarter. GAMMA Investing LLC now owns 569 shares of the company’s stock valued at $47,000 after purchasing an additional 245 shares during the period. Institutional investors own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. KeyCorp began coverage on Chesapeake Energy in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. Wolfe Research initiated coverage on shares of Chesapeake Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $110.00 price objective on the stock. StockNews.com upgraded shares of Chesapeake Energy to a “sell” rating in a research report on Wednesday, August 14th. Stephens lifted their target price on shares of Chesapeake Energy from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Scotiabank dropped their price target on shares of Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chesapeake Energy currently has an average rating of “Hold” and an average price target of $107.17.

Chesapeake Energy Price Performance

Shares of NASDAQ:CHK opened at $73.22 on Monday. The stock has a market capitalization of $9.60 billion, a P/E ratio of 9.87 and a beta of 0.46. The business has a 50-day moving average of $75.40 and a two-hundred day moving average of $82.98. Chesapeake Energy Co. has a fifty-two week low of $69.12 and a fifty-two week high of $93.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $505.00 million during the quarter, compared to the consensus estimate of $822.54 million. Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The firm’s revenue was down 73.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. On average, equities research analysts predict that Chesapeake Energy Co. will post 1.32 EPS for the current fiscal year.

Chesapeake Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Thursday, August 15th. Chesapeake Energy’s dividend payout ratio is currently 31.00%.

Chesapeake Energy Company 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.