Asset Management One Co. Ltd. Has $3.27 Million Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

Asset Management One Co. Ltd. cut its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 5.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,206 shares of the company’s stock after selling 2,335 shares during the period. Asset Management One Co. Ltd.’s holdings in Chesapeake Energy were worth $3,272,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on CHK shares. UBS Group increased their price objective on shares of Chesapeake Energy from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday. Citigroup upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $82.00 to $95.00 in a research note on Friday, January 12th. Mizuho reiterated a “buy” rating and set a $100.00 price objective on shares of Chesapeake Energy in a research note on Thursday. Scotiabank increased their price objective on shares of Chesapeake Energy from $92.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, KeyCorp assumed coverage on shares of Chesapeake Energy in a report on Thursday, April 4th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.58.

Chesapeake Energy Stock Down 2.2 %

Shares of NASDAQ CHK opened at $87.98 on Friday. The company has a 50 day simple moving average of $83.26 and a 200 day simple moving average of $81.86. The firm has a market cap of $11.51 billion, a PE ratio of 5.22 and a beta of 0.52. Chesapeake Energy Co. has a 1 year low of $72.84 and a 1 year high of $91.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.99.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.89. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates 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 last year, the business earned $4.22 EPS. On average, research analysts forecast that Chesapeake Energy Co. will post 3.01 EPS for the current year.

Chesapeake Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 7th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio is presently 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.