Aurora Investment Counsel Sells 220 Shares of Chesapeake Energy Co. (NASDAQ:CHK)

Aurora Investment Counsel decreased its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,710 shares of the company’s stock after selling 220 shares during the period. Aurora Investment Counsel’s holdings in Chesapeake Energy were worth $962,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Chesapeake Energy by 233.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,059,644 shares of the company’s stock worth $804,769,000 after acquiring an additional 6,338,963 shares in the last quarter. Kimmeridge Energy Management Company LLC lifted its stake in shares of Chesapeake Energy by 28.8% in the 2nd quarter. Kimmeridge Energy Management Company LLC now owns 3,694,879 shares of the company’s stock valued at $303,682,000 after acquiring an additional 827,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Chesapeake Energy by 18.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,333,769 shares of the company’s stock valued at $274,005,000 after acquiring an additional 510,664 shares during the period. 1832 Asset Management L.P. grew its position in Chesapeake Energy by 247.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 687,954 shares of the company’s stock worth $56,543,000 after acquiring an additional 490,201 shares during the last quarter. Finally, Scout Investments Inc. bought a new stake in Chesapeake Energy in the fourth quarter valued at approximately $32,079,000. 97.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHK. Scotiabank decreased their target price 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. UBS Group lowered their price objective on shares of Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. StockNews.com raised Chesapeake Energy to a “sell” rating in a research report on Wednesday, August 14th. Truist Financial dropped their price objective on Chesapeake Energy from $108.00 to $96.00 and set a “buy” rating for the company in a report on Monday. Finally, Wolfe Research began coverage on Chesapeake Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.33.

Chesapeake Energy Trading Down 0.4 %

Shares of NASDAQ CHK opened at $82.25 on Tuesday. The stock has a market cap of $10.78 billion, a P/E ratio of 11.08 and a beta of 0.46. 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 Co. has a 1 year low of $69.12 and a 1 year high of $93.58. The firm has a 50-day moving average of $74.44 and a 200 day moving average of $82.61.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. The company had revenue of $505.00 million during the quarter, compared to the consensus estimate of $822.54 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The business’s revenue for the quarter was down 73.3% compared to the same quarter last year. As a group, sell-side analysts expect that Chesapeake Energy Co. will post 1.43 EPS for the current fiscal year.

Chesapeake Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were paid 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 2.80%. Chesapeake Energy’s dividend payout ratio is currently 31.00%.

About Chesapeake Energy

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.