First Dallas Securities Inc. Grows Stock Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

First Dallas Securities Inc. boosted its stake in Chesapeake Energy Co. (NASDAQ:CHKFree Report) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,969 shares of the company’s stock after acquiring an additional 457 shares during the period. Chesapeake Energy accounts for about 1.1% of First Dallas Securities Inc.’s holdings, making the stock its 29th biggest position. First Dallas Securities Inc.’s holdings in Chesapeake Energy were worth $2,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CHK. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chesapeake Energy by 233.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,059,644 shares of the company’s stock valued at $804,769,000 after acquiring an additional 6,338,963 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Chesapeake Energy by 5.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,317,920 shares of the company’s stock valued at $332,221,000 after purchasing an additional 213,235 shares in the last quarter. Lord Abbett & CO. LLC increased its position 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 purchasing an additional 307,814 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Chesapeake Energy by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,958,837 shares of the company’s stock worth $150,723,000 after buying an additional 265,853 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Chesapeake Energy by 13.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 809,963 shares of the company’s stock valued at $62,319,000 after buying an additional 93,162 shares during the period. 97.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CHK shares. Scotiabank cut their price objective on Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 20th. Stephens boosted their price objective on shares of Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Chesapeake Energy to a “sell” rating in a report on Wednesday, August 14th. Mizuho increased their price target on shares of Chesapeake Energy from $101.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Truist Financial cut their price objective on Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. 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 company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $107.17.

Read Our Latest Research Report on Chesapeake Energy

Chesapeake Energy Trading Up 1.3 %

CHK stock traded up $0.94 during midday trading on Thursday, hitting $71.36. The stock had a trading volume of 745,657 shares, compared to its average volume of 1,864,355. The company’s 50-day moving average price is $76.96 and its 200 day moving average price is $83.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market cap of $9.35 billion, a PE ratio of 9.49 and a beta of 0.47. Chesapeake Energy Co. has a 12-month low of $69.42 and a 12-month high of $93.58.

Chesapeake Energy (NASDAQ:CHKGet Free Report) last announced 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). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The business had revenue of $505.00 million during the quarter, compared to analysts’ expectations of $822.54 million. During the same period in the prior year, the firm earned $0.64 EPS. Chesapeake Energy’s revenue for the quarter was down 73.3% on a year-over-year basis. On average, equities research analysts predict that Chesapeake Energy Co. will post 1.32 earnings per share for the current fiscal year.

Chesapeake Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.30 annualized dividend and a dividend yield of 3.22%. Chesapeake Energy’s dividend payout ratio is presently 31.00%.

About Chesapeake Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Chesapeake Energy (NASDAQ:CHK)

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