Chesapeake Energy Co. (NASDAQ:CHK) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,308 shares of the company’s stock after selling 5,228 shares during the quarter. Amalgamated Bank’s holdings in Chesapeake Energy were worth $6,025,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in Chesapeake Energy during the 4th quarter worth approximately $28,000. Lindbrook Capital LLC boosted its position in shares of Chesapeake Energy by 90.8% during the 1st quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock worth $33,000 after acquiring an additional 178 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chesapeake Energy during the 1st quarter worth about $37,000. BOKF NA purchased a new stake in Chesapeake Energy during the first quarter worth approximately $45,000. Finally, GAMMA Investing LLC boosted its holdings in Chesapeake Energy by 75.6% in the second quarter. GAMMA Investing LLC now owns 569 shares of the company’s stock valued at $47,000 after purchasing an additional 245 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Ratings Changes

CHK has been the topic of a number of recent analyst reports. UBS Group dropped their target price on shares of Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wolfe Research initiated coverage on Chesapeake Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $110.00 price objective on the stock. Stephens boosted their target price on Chesapeake Energy from $117.00 to $118.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Truist Financial dropped their price target on Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Mizuho cut their price target on Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Chesapeake Energy currently has a consensus rating of “Hold” and an average target price of $105.92.

Chesapeake Energy Stock Up 2.5 %

CHK stock opened at $78.46 on Friday. Chesapeake Energy Co. has a one year low of $69.12 and a one year high of $93.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.16 and a current ratio of 2.16. The company has a fifty day moving average of $74.62 and a 200-day moving average of $82.72. The stock has a market capitalization of $10.28 billion, a PE ratio of 10.57 and a beta of 0.46.

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

Chesapeake Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued a $0.575 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.93%. 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.