IFM Investors Pty Ltd Sells 1,184 Shares of Chesapeake Energy Co. (NASDAQ:CHK)

IFM Investors Pty Ltd trimmed its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,199 shares of the company’s stock after selling 1,184 shares during the quarter. IFM Investors Pty Ltd’s holdings in Chesapeake Energy were worth $1,705,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC bought a new position in shares of Chesapeake Energy in the third quarter worth approximately $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 valued at $207,000 after purchasing 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 valued at $1,717,000 after purchasing an additional 13,370 shares in the last quarter. 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 valued at $1,217,000 after purchasing an additional 602 shares in the last quarter. Finally, Denali Advisors LLC raised its stake in Chesapeake Energy by 20.8% during the third quarter. Denali Advisors LLC now owns 6,998 shares of the company’s stock valued at $603,000 after purchasing an additional 1,203 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CHK shares. Mizuho reaffirmed a “buy” rating and set a $100.00 price target on shares of Chesapeake Energy in a research note on Thursday, April 11th. KeyCorp started coverage on shares of Chesapeake Energy in a research note on Thursday, April 4th. They issued a “sector weight” rating on the stock. Truist Financial reduced their target price on shares of Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Jefferies Financial Group reduced their target price on shares of Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, Barclays started coverage on shares of Chesapeake Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Chesapeake Energy has a consensus rating of “Hold” and a consensus target price of $104.73.

Chesapeake Energy Stock Up 0.6 %

Shares of NASDAQ:CHK traded up $0.59 during trading on Friday, reaching $92.06. The stock had a trading volume of 1,515,470 shares, compared to its average volume of 1,359,920. Chesapeake Energy Co. has a one year low of $72.84 and a one year high of $92.25. The company has a market capitalization of $12.04 billion, a P/E ratio of 5.47 and a beta of 0.52. 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’s 50-day simple moving average is $85.90 and its 200 day simple moving average is $82.07.

Chesapeake Energy (NASDAQ:CHK) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.42 by $0.89. The firm 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 period last year, the firm posted $4.22 EPS. As a group, research analysts expect that Chesapeake Energy Co. will post 1.76 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Wednesday, March 6th. Chesapeake Energy’s payout ratio is currently 13.66%.

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.