Chesapeake Energy Co. (NASDAQ:CHK) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 5.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,813 shares of the company’s stock after buying an additional 400 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Chesapeake Energy were worth $642,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CHK. Principal Securities Inc. bought a new position in Chesapeake Energy during the 4th quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Chesapeake Energy by 8.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,670 shares of the company’s stock worth $4,729,000 after acquiring an additional 4,922 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of Chesapeake Energy by 112.6% in the 4th quarter. Panagora Asset Management Inc. now owns 39,474 shares of the company’s stock worth $3,037,000 after acquiring an additional 20,910 shares during the period. Great Lakes Advisors LLC bought a new stake in Chesapeake Energy in the 4th quarter valued at about $1,050,000. Finally, Independent Advisor Alliance boosted its stake in Chesapeake Energy by 33.0% during the 4th quarter. Independent Advisor Alliance now owns 10,871 shares of the company’s stock valued at $836,000 after purchasing an additional 2,700 shares during the period. Institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Price Performance

NASDAQ CHK opened at $73.06 on Tuesday. The stock has a market capitalization of $9.57 billion, a P/E ratio of 9.85 and a beta of 0.46. 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 business’s fifty day moving average is $75.21 and its two-hundred day moving average is $82.91. Chesapeake Energy Co. has a 1 year low of $69.12 and a 1 year high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last announced its earnings results on Monday, July 29th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $505.00 million for the quarter, compared to analysts’ expectations of $822.54 million. Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The company’s revenue for the quarter was down 73.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. On average, research analysts forecast that Chesapeake Energy Co. will post 1.32 earnings per share for the current fiscal year.

Chesapeake Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Thursday, August 15th. Chesapeake Energy’s dividend payout ratio (DPR) is currently 31.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CHK. Mizuho cut their price target on Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday. Stephens lifted their target price 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. StockNews.com raised Chesapeake Energy to a “sell” rating in a research note on Wednesday, August 14th. Wolfe Research started coverage on Chesapeake Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $110.00 price target on the stock. Finally, Scotiabank reduced their price objective on shares of Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating for the company in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $106.67.

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.