AAFMAA Wealth Management & Trust LLC Has $1.09 Million Stock Position in Chesapeake Energy Co. (NASDAQ:CHK)

by · The Cerbat Gem

AAFMAA Wealth Management & Trust LLC boosted its holdings in Chesapeake Energy Co. (NASDAQ:CHK – Free Report) by 21.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,213 shares of the company’s stock after buying an additional 2,373 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Chesapeake Energy were worth $1,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chesapeake Energy in the 1st quarter valued at approximately $37,000. BOKF NA acquired a new stake in Chesapeake Energy in the first quarter valued at approximately $45,000. GAMMA Investing LLC grew its stake in shares of Chesapeake Energy by 75.6% during the second quarter. GAMMA Investing LLC now owns 569 shares of the company’s stock worth $47,000 after buying an additional 245 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Chesapeake Energy by 895.6% during the second quarter. Blue Trust Inc. now owns 677 shares of the company’s stock worth $60,000 after buying an additional 609 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Chesapeake Energy by 1,384.8% during the second quarter. Mather Group LLC. now owns 683 shares of the company’s stock worth $61,000 after buying an additional 637 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CHK. UBS Group reduced their price objective on Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Truist Financial reduced their price target on Chesapeake Energy from $108.00 to $96.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Mizuho reduced their target price on shares of Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Finally, Roth Mkm started coverage on shares of Chesapeake Energy in a research note on Friday, September 27th. They set a “buy” rating and a $92.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.92.

Get Our Latest Research Report on CHK

Chesapeake Energy Price Performance

Shares of NASDAQ:CHK opened at $81.46 on Thursday. The business’s 50-day moving average is $75.32 and its 200-day moving average is $82.34. Chesapeake Energy Co. has a 1 year low of $69.12 and a 1 year high of $93.58. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 10.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16.

Chesapeake Energy (NASDAQ:CHK – Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $505.00 million during the quarter, compared to analyst estimates of $822.54 million. Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. Chesapeake Energy’s quarterly revenue was down 73.3% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Equities research analysts predict that Chesapeake Energy Co. will post 1.43 earnings per share for the current year.

Chesapeake Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Thursday, August 15th. Chesapeake Energy’s payout ratio is 31.00%.

Chesapeake Energy Profile

(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.

Further Reading

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