Chesapeake Energy Co. (NASDAQ:CHK) Stock Holdings Reduced by LSV Asset Management

LSV Asset Management lowered its position in Chesapeake Energy Co. (NASDAQ:CHK) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 822,190 shares of the company’s stock after selling 36,310 shares during the quarter. LSV Asset Management owned approximately 0.63% of Chesapeake Energy worth $63,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Chesapeake Energy by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 12,852,961 shares of the company’s stock worth $1,108,311,000 after acquiring an additional 257,880 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Chesapeake Energy by 29.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,104,685 shares of the company’s stock worth $353,947,000 after purchasing an additional 936,169 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Chesapeake Energy by 15.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,235,870 shares of the company’s stock worth $279,029,000 after purchasing an additional 427,181 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Chesapeake Energy by 18.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 2,723,456 shares of the company’s stock worth $234,844,000 after purchasing an additional 426,560 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Chesapeake Energy by 4.8% during the 3rd quarter. FMR LLC now owns 2,448,847 shares of the company’s stock worth $211,164,000 after purchasing an additional 111,294 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Trading Down 0.1 %

NASDAQ:CHK traded down $0.12 on Friday, reaching $86.67. The company’s stock had a trading volume of 2,836,734 shares, compared to its average volume of 1,684,417. The firm has a market cap of $11.36 billion, a PE ratio of 11.68 and a beta of 0.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.99 and a current ratio of 2.33. The business’s 50-day moving average price is $86.65 and its two-hundred day moving average price is $82.15. Chesapeake Energy Co. has a 1-year low of $72.84 and a 1-year high of $93.58.

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

Chesapeake Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from Chesapeake Energy’s previous quarterly dividend of $0.58. Chesapeake Energy’s dividend payout ratio is currently 31.00%.

Wall Street Analyst Weigh In

CHK has been the subject of several research analyst reports. Citigroup raised Chesapeake Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $95.00 in a research report on Friday, January 12th. Scotiabank upped their target price on Chesapeake Energy from $92.00 to $110.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Jefferies Financial Group decreased their price target on shares of Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Stephens increased their price objective on shares of Chesapeake Energy from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Truist Financial decreased their target price on shares of Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Hold” and a consensus price target 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.