Jackson Hole Capital Partners LLC Has $2.12 Million Stake in Chesapeake Energy Co. (NASDAQ:CHK)

Jackson Hole Capital Partners LLC lifted its position in Chesapeake Energy Co. (NASDAQ:CHK) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,576 shares of the company’s stock after purchasing an additional 1,421 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Chesapeake Energy were worth $2,122,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CHK. National Bank of Canada FI raised its stake in shares of Chesapeake Energy by 5.1% in the third quarter. National Bank of Canada FI now owns 15,856 shares of the company’s stock valued at $1,377,000 after purchasing an additional 771 shares in the last quarter. AE Wealth Management LLC acquired a new position in shares of Chesapeake Energy in the third quarter valued at $621,000. SG Americas Securities LLC raised its stake in Chesapeake Energy by 11.1% during the third quarter. SG Americas Securities LLC now owns 2,399 shares of the company’s stock worth $207,000 after acquiring an additional 239 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Chesapeake Energy by 204.0% during the third quarter. State of Alaska Department of Revenue now owns 19,925 shares of the company’s stock worth $1,717,000 after acquiring an additional 13,370 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in Chesapeake Energy by 4.5% during the third quarter. DAVENPORT & Co LLC now owns 14,112 shares of the company’s stock worth $1,217,000 after acquiring an additional 602 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Energy Trading Up 0.9 %

Chesapeake Energy stock traded up $0.78 during mid-day trading on Thursday, hitting $91.47. The stock had a trading volume of 1,471,699 shares, compared to its average volume of 2,037,500. The stock has a 50-day simple moving average of $85.63 and a two-hundred day simple moving average of $82.14. The stock has a market capitalization of $11.96 billion, a PE ratio of 5.43 and a beta of 0.52. Chesapeake Energy Co. has a 12 month low of $72.84 and a 12 month high of $91.54. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.89. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $962.95 million. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. During the same quarter last year, the business earned $4.22 earnings per share. As a group, sell-side analysts forecast that Chesapeake Energy Co. will post 1.76 EPS for the current year.

Chesapeake Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio is 13.66%.

Analyst Ratings Changes

Several research firms have issued reports on CHK. Mizuho reiterated a “buy” rating and set a $100.00 price objective on shares of Chesapeake Energy in a research note on Thursday, April 11th. KeyCorp began coverage on Chesapeake Energy in a research note on Thursday, April 4th. They set a “sector weight” rating for the company. Jefferies Financial Group dropped their price objective on Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Citigroup upgraded 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. Finally, TheStreet lowered Chesapeake Energy from a “b-” rating to a “c+” rating in a research note on Friday, December 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $104.73.

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.