Chesapeake Energy Co. (NASDAQ:CHK) Shares Bought by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC grew its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,840 shares of the company’s stock after buying an additional 836 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Chesapeake Energy were worth $891,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Panagora Asset Management Inc. lifted 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 valued at $3,037,000 after buying an additional 20,910 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Chesapeake Energy by 1,207.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 680 shares of the company’s stock valued at $52,000 after buying an additional 628 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chesapeake Energy by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 640,285 shares of the company’s stock valued at $49,264,000 after buying an additional 11,133 shares during the period. Quest Partners LLC acquired a new stake in shares of Chesapeake Energy in the 4th quarter valued at approximately $975,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Chesapeake Energy by 705.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,229 shares of the company’s stock valued at $2,402,000 after buying an additional 25,600 shares during the period. 97.93% of the stock is owned by institutional investors and hedge funds.

Chesapeake Energy Trading Up 1.7 %

Chesapeake Energy stock traded up $1.25 during midday trading on Monday, reaching $74.18. The stock had a trading volume of 1,367,569 shares, compared to its average volume of 1,891,919. Chesapeake Energy Co. has a twelve month low of $69.42 and a twelve month high of $93.58. The stock has a market capitalization of $9.72 billion, a PE ratio of 10.00 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.33 and a current ratio of 2.16. The stock’s 50-day simple moving average is $79.80 and its 200 day simple moving average is $83.82.

Chesapeake Energy (NASDAQ:CHK) last issued its 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 net margin of 8.68% and a return on equity of 4.00%. The firm had revenue of $505.00 million during the quarter, compared to analyst estimates of $822.54 million. During the same quarter in the previous year, the business posted $0.64 EPS. Chesapeake Energy’s revenue was down 73.3% compared to the same quarter last year. Analysts expect that Chesapeake Energy Co. will post 1.34 EPS for the current year.

Chesapeake Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, August 15th. Chesapeake Energy’s dividend payout ratio is presently 31.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. StockNews.com raised Chesapeake Energy to a “sell” rating in a research note on Wednesday, August 14th. KeyCorp initiated coverage on Chesapeake Energy in a research report on Thursday, June 27th. They set a “sector weight” rating for the company. Wolfe Research initiated coverage on Chesapeake Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $110.00 price target for the company. Stephens raised their price target on Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Mizuho raised their price target on Chesapeake Energy from $101.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Chesapeake Energy has a consensus rating of “Hold” and an average target price of $107.58.

Chesapeake Energy Company 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.