Allworth Financial LP Has $56,000 Stock Position in Chesapeake Energy Co. (NASDAQ:CHK)

Allworth Financial LP raised its stake in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 160.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 730 shares of the company’s stock after purchasing an additional 450 shares during the quarter. Allworth Financial LP’s holdings in Chesapeake Energy were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Spirit of America Management Corp NY boosted its holdings in Chesapeake Energy by 93.8% during the fourth quarter. Spirit of America Management Corp NY now owns 7,750 shares of the company’s stock valued at $596,000 after purchasing an additional 3,750 shares in the last quarter. Clear Harbor Asset Management LLC boosted its holdings in shares of Chesapeake Energy by 6.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 11,903 shares of the company’s stock worth $916,000 after acquiring an additional 734 shares in the last quarter. Alhambra Investment Management LLC boosted its holdings in shares of Chesapeake Energy by 5.5% in the 4th quarter. Alhambra Investment Management LLC now owns 6,016 shares of the company’s stock worth $463,000 after acquiring an additional 314 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of Chesapeake Energy by 52.4% in the 4th quarter. Salem Investment Counselors Inc. now owns 7,761 shares of the company’s stock worth $597,000 after acquiring an additional 2,667 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Chesapeake Energy by 84.1% in the 4th quarter. SG Americas Securities LLC now owns 4,417 shares of the company’s stock worth $340,000 after acquiring an additional 2,018 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TheStreet downgraded Chesapeake Energy from a “b-” rating to a “c+” rating in a report on Friday, December 29th. KeyCorp assumed coverage on Chesapeake Energy in a report on Thursday, April 4th. They issued a “sector weight” rating on the stock. Mizuho reissued a “buy” rating and issued a $100.00 target price on shares of Chesapeake Energy in a report on Thursday. Jefferies Financial Group reduced their target price on Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, StockNews.com cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $103.58.

Chesapeake Energy Stock Performance

Shares of Chesapeake Energy stock opened at $88.59 on Friday. The firm has a fifty day moving average of $83.50 and a two-hundred day moving average of $81.89. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 5.26 and a beta of 0.52. Chesapeake Energy Co. has a 52 week low of $72.84 and a 52 week high of $91.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.99 and a current ratio of 1.99.

Chesapeake Energy (NASDAQ:CHK) last issued its earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.42 by $0.89. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $962.95 million. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. During the same quarter in the previous year, the company posted $4.22 EPS. As a group, equities research analysts predict that Chesapeake Energy Co. will post 2.16 EPS for the current year.

Chesapeake Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 7th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio (DPR) is 13.66%.

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.