DekaBank Deutsche Girozentrale Acquires 292 Shares of Chesapeake Energy Co. (NASDAQ:CHK)

DekaBank Deutsche Girozentrale lifted its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 4.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,366 shares of the company’s stock after buying an additional 292 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Chesapeake Energy were worth $520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHK. Aurora Investment Counsel boosted its position in Chesapeake Energy by 1.1% in the 1st quarter. Aurora Investment Counsel now owns 11,930 shares of the company’s stock valued at $1,060,000 after buying an additional 135 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Chesapeake Energy by 90.8% during the first quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock valued at $33,000 after acquiring an additional 178 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in Chesapeake Energy by 1.3% in the second quarter. Clear Harbor Asset Management LLC now owns 13,895 shares of the company’s stock valued at $1,142,000 after acquiring an additional 180 shares during the last quarter. Abich Financial Wealth Management LLC increased its position in Chesapeake Energy by 32.4% in the first quarter. Abich Financial Wealth Management LLC now owns 900 shares of the company’s stock worth $80,000 after purchasing an additional 220 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Chesapeake Energy by 75.6% during the 2nd quarter. GAMMA Investing LLC now owns 569 shares of the company’s stock worth $47,000 after purchasing an additional 245 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CHK shares. Truist Financial lowered their price target on shares of Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Stephens lifted their target price on shares of Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Wolfe Research assumed coverage on Chesapeake Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $110.00 price target on the stock. StockNews.com raised Chesapeake Energy to a “sell” rating in a research note on Wednesday, August 14th. Finally, KeyCorp assumed coverage on Chesapeake Energy in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Chesapeake Energy has an average rating of “Hold” and a consensus target price of $105.92.

Chesapeake Energy Price Performance

NASDAQ CHK opened at $78.46 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.16 and a current ratio of 2.16. Chesapeake Energy Co. has a 52-week low of $69.12 and a 52-week high of $93.58. The business has a 50 day simple moving average of $74.62 and a 200 day simple moving average of $82.72. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 10.57 and a beta of 0.46.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company 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 company’s revenue was down 73.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. Analysts anticipate that Chesapeake Energy Co. will post 1.32 earnings per share for the current fiscal year.

Chesapeake Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.93%. Chesapeake Energy’s dividend payout ratio is currently 31.00%.

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.