Chesapeake Energy Co. (NASDAQ:CHK) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC lowered its position in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 27.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,094 shares of the company’s stock after selling 1,195 shares during the quarter. Signet Financial Management LLC’s holdings in Chesapeake Energy were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHK. Raymond James Financial Services Advisors Inc. lifted its position in Chesapeake Energy by 23.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,958 shares of the company’s stock worth $518,000 after acquiring an additional 1,121 shares during the period. American Century Companies Inc. lifted its holdings in shares of Chesapeake Energy by 44.0% in the 1st quarter. American Century Companies Inc. now owns 28,070 shares of the company’s stock valued at $2,442,000 after buying an additional 8,578 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Chesapeake Energy by 20,980.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,054 shares of the company’s stock valued at $93,000 after buying an additional 1,049 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Chesapeake Energy by 64.3% in the 1st quarter. Allianz Asset Management GmbH now owns 287,074 shares of the company’s stock valued at $24,976,000 after buying an additional 112,360 shares during the period. Finally, Prudential PLC acquired a new position in shares of Chesapeake Energy in the 1st quarter valued at about $569,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Chesapeake Energy Price Performance

NASDAQ:CHK opened at $87.15 on Thursday. Chesapeake Energy Co. has a 12 month low of $72.84 and a 12 month high of $91.03. The stock has a 50 day moving average of $84.20 and a two-hundred day moving average of $81.91. 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 firm has a market cap of $11.40 billion, a P/E ratio of 5.18 and a beta of 0.52.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.42 by $0.89. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $962.95 million. During the same period in the previous year, the business earned $4.22 EPS. On average, analysts expect that Chesapeake Energy Co. will post 2.03 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.30 annualized dividend and a yield of 2.64%. Chesapeake Energy’s dividend payout ratio (DPR) is currently 13.66%.

Wall Street Analyst Weigh In

CHK has been the subject of several analyst reports. Mizuho reissued a “buy” rating and issued a $100.00 price objective on shares of Chesapeake Energy in a report on Thursday, April 11th. Truist Financial decreased their price objective on Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating for the company in a report on Friday, April 5th. Scotiabank boosted their price objective on Chesapeake Energy from $92.00 to $110.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Citigroup raised Chesapeake Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $82.00 to $95.00 in a report on Friday, January 12th. Finally, TheStreet cut Chesapeake Energy from a “b-” rating to a “c+” rating in a report on Friday, December 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $103.58.

About Chesapeake Energy

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.