Chesapeake Energy Co. (NASDAQ:CHK) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 10.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,412 shares of the company’s stock after selling 162 shares during the period. Signaturefd LLC’s holdings in Chesapeake Energy were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. boosted its position in shares of Chesapeake Energy by 112.6% in the fourth quarter. Panagora Asset Management Inc. now owns 39,474 shares of the company’s stock worth $3,037,000 after buying an additional 20,910 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Chesapeake Energy by 1,207.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 680 shares of the company’s stock worth $52,000 after acquiring an additional 628 shares during the period. Charles Schwab Investment Management Inc. grew its position in Chesapeake Energy by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 640,285 shares of the company’s stock valued at $49,264,000 after acquiring an additional 11,133 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $975,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Chesapeake Energy by 705.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,229 shares of the company’s stock worth $2,402,000 after purchasing an additional 25,600 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Energy Stock Performance

Shares of CHK stock opened at $72.19 on Wednesday. The company has a market cap of $9.46 billion, a P/E ratio of 9.73 and a beta of 0.47. The business has a 50 day moving average of $77.20 and a two-hundred day moving average of $83.54. Chesapeake Energy Co. has a 52 week low of $69.42 and a 52 week high of $93.58. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.19.

Chesapeake Energy (NASDAQ:CHK) last announced its quarterly 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). 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 last year, the business posted $0.64 EPS. The company’s revenue for the quarter was down 73.3% on a year-over-year basis. As a group, analysts anticipate that Chesapeake Energy Co. will post 1.32 EPS for the current year.

Chesapeake Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.575 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.19%. Chesapeake Energy’s dividend payout ratio (DPR) is presently 31.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Chesapeake Energy to a “sell” rating in a research note on Wednesday, August 14th. Wolfe Research started coverage on Chesapeake Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $110.00 target price on the stock. Truist Financial reduced their price target on Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Mizuho lifted their price objective on Chesapeake Energy from $101.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, KeyCorp assumed coverage on Chesapeake Energy in a research report on Thursday, June 27th. They issued a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $107.17.

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.