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

Aurora Investment Counsel trimmed its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 SEC.

Several other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in 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. Massachusetts Financial Services Co. MA boosted its position in shares of Chesapeake Energy by 7.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,119,498 shares of the company’s stock worth $338,582,000 after purchasing an additional 292,586 shares in the last quarter. Kimmeridge Energy Management Company LLC grew 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 buying an additional 827,000 shares during the period. Dimensional Fund Advisors LP increased its position in Chesapeake Energy by 18.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,333,769 shares of the company’s stock valued at $274,005,000 after buying an additional 510,664 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in Chesapeake Energy by 13.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,599,352 shares of the company’s stock worth $230,900,000 after buying an additional 307,814 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Ratings Changes

CHK has been the subject of a number of research reports. Stephens raised their price objective on Chesapeake Energy from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. KeyCorp began coverage on shares of Chesapeake Energy in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Roth Mkm assumed coverage on shares of Chesapeake Energy in a research note on Friday. They issued a “buy” rating and a $92.00 price objective on the stock. StockNews.com upgraded shares of Chesapeake Energy to a “sell” rating in a report on Wednesday, August 14th. Finally, Scotiabank dropped their price target on shares of Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

Chesapeake Energy Stock Performance

Shares of Chesapeake Energy stock opened at $82.25 on Tuesday. The firm has a market capitalization of $10.78 billion, a P/E ratio of 11.08 and a beta of 0.46. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $74.44 and its 200 day simple moving average is $82.61. Chesapeake Energy Co. has a 12 month low of $69.12 and a 12 month high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.01 earnings per share 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 analysts’ expectations of $822.54 million. During the same period last year, the firm posted $0.64 earnings per share. Chesapeake Energy’s quarterly revenue was down 73.3% compared to the same quarter last year. As a group, analysts anticipate that Chesapeake Energy Co. will post 1.43 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 paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.80%. Chesapeake Energy’s 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.