Thrivent Financial for Lutherans Boosts Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

Thrivent Financial for Lutherans raised its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 0.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,589,410 shares of the company’s stock after acquiring an additional 15,475 shares during the quarter. Thrivent Financial for Lutherans owned 1.98% of Chesapeake Energy worth $212,824,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Chesapeake Energy by 705.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,229 shares of the company’s stock worth $2,402,000 after buying an additional 25,600 shares during the last quarter. Quantbot Technologies LP acquired a new position in Chesapeake Energy in the 1st quarter valued at about $1,006,000. Russell Investments Group Ltd. raised its stake in Chesapeake Energy by 66.4% in the 1st quarter. Russell Investments Group Ltd. now owns 119,470 shares of the company’s stock valued at $10,612,000 after purchasing an additional 47,658 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Chesapeake Energy in the 1st quarter valued at about $37,000. Finally, Wedge Capital Management L L P NC raised its stake in Chesapeake Energy by 16.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 284,263 shares of the company’s stock valued at $23,364,000 after purchasing an additional 39,734 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Chesapeake Energy Stock Up 2.5 %

Shares of CHK opened at $78.46 on Friday. Chesapeake Energy Co. has a 52 week low of $69.12 and a 52 week 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 firm has a market capitalization of $10.28 billion, a P/E ratio of 10.57 and a beta of 0.46. The company has a 50-day simple moving average of $74.62 and a 200-day simple moving average of $82.72.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm 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 quarterly revenue was down 73.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. On average, equities research analysts expect that Chesapeake Energy Co. will post 1.32 earnings per share for the current year.

Chesapeake Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Thursday, August 15th. Chesapeake Energy’s dividend payout ratio is currently 31.00%.

Analyst Ratings Changes

Several analysts have commented on CHK shares. Scotiabank lowered their price target on Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating for the company in a report on Tuesday, August 20th. UBS Group lowered their price target on Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday. KeyCorp started coverage on Chesapeake Energy in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. StockNews.com upgraded Chesapeake Energy to a “sell” rating in a report on Wednesday, August 14th. Finally, Stephens boosted their target price on Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $105.92.

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.