Ashburton Jersey Ltd Has $218,000 Stake in Chesapeake Energy Co. (NASDAQ:CHK)

Ashburton Jersey Ltd grew its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 46.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,830 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Ashburton Jersey Ltd’s holdings in Chesapeake Energy were worth $218,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. DekaBank Deutsche Girozentrale grew its holdings in Chesapeake Energy by 1.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 9,439 shares of the company’s stock valued at $716,000 after buying an additional 151 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Chesapeake Energy by 4.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,761 shares of the company’s stock worth $289,000 after acquiring an additional 154 shares during the period. Forum Financial Management LP raised its stake in Chesapeake Energy by 6.2% during the 3rd quarter. Forum Financial Management LP now owns 2,812 shares of the company’s stock valued at $242,000 after purchasing an additional 163 shares during the last quarter. Signaturefd LLC boosted its holdings in Chesapeake Energy by 16.5% in the 4th quarter. Signaturefd LLC now owns 1,250 shares of the company’s stock valued at $96,000 after purchasing an additional 177 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Chesapeake Energy by 7.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,803 shares of the company’s stock worth $242,000 after purchasing an additional 199 shares during the period. 97.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays started coverage on shares of Chesapeake Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 target price for the company. Truist Financial reduced their price objective on Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Mizuho boosted their price objective on Chesapeake Energy from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday. KeyCorp initiated coverage on Chesapeake Energy in a research report on Thursday, April 4th. They issued a “sector weight” rating for the company. Finally, Citigroup upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $95.00 in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Chesapeake Energy has an average rating of “Hold” and an average price target of $105.83.

Chesapeake Energy Price Performance

CHK stock remained flat at $86.68 during midday trading on Thursday. The company had a trading volume of 773,912 shares, compared to its average volume of 2,040,396. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 11.64 and a beta of 0.51. Chesapeake Energy Co. has a 1 year low of $72.84 and a 1 year high of $93.58. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average price is $86.43 and its two-hundred day moving average price is $82.10.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.08). Chesapeake Energy had a return on equity of 4.89% and a net margin of 16.42%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $674.99 million. During the same period last year, the firm earned $1.87 earnings per share. On average, equities analysts predict that Chesapeake Energy Co. will post 1.76 earnings per share for the current fiscal year.

Chesapeake Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from Chesapeake Energy’s previous quarterly dividend of $0.58. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.30%. Chesapeake Energy’s payout ratio is 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.