Ashburton Jersey Ltd Has $218,000 Stock Position in Chesapeake Energy Co. (NASDAQ:CHK)

Ashburton Jersey Ltd increased its position in Chesapeake Energy Co. (NASDAQ:CHK) by 46.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,830 shares of the company’s stock after buying an additional 900 shares during the period. Ashburton Jersey Ltd’s holdings in Chesapeake Energy were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in shares of Chesapeake Energy by 14.7% in the third quarter. Deutsche Bank AG now owns 261,978 shares of the company’s stock valued at $22,590,000 after buying an additional 33,660 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of Chesapeake Energy by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 13,104 shares of the company’s stock worth $1,130,000 after acquiring an additional 816 shares during the last quarter. Yousif Capital Management LLC bought a new position in Chesapeake Energy in the 3rd quarter valued at about $4,510,000. Cottage Street Advisors LLC acquired a new position in Chesapeake Energy during the 3rd quarter valued at about $1,693,000. Finally, Kimmeridge Energy Management Company LLC raised its position in Chesapeake Energy by 16.2% in the 3rd quarter. Kimmeridge Energy Management Company LLC now owns 3,153,879 shares of the company’s stock valued at $271,959,000 after buying an additional 439,186 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

Chesapeake Energy Price Performance

CHK remained flat at $86.68 during trading hours on Thursday. The company had a trading volume of 773,912 shares, compared to its average volume of 2,040,396. The stock has a market capitalization of $11.34 billion, a PE ratio of 11.64 and a beta of 0.51. Chesapeake Energy Co. has a 52 week low of $72.84 and a 52 week high of $93.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.99 and a current ratio of 1.99. The firm’s 50-day simple moving average is $86.43 and its two-hundred day simple moving average is $82.10.

Chesapeake Energy (NASDAQ:CHK) last posted its earnings results on Tuesday, April 30th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.08). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $674.99 million. Chesapeake Energy had a return on equity of 4.89% and a net margin of 16.42%. During the same quarter in the previous year, the business earned $1.87 EPS. As a group, equities analysts expect that Chesapeake Energy Co. will post 1.76 EPS for the current year.

Chesapeake Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.715 per share. This is a boost from Chesapeake Energy’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, May 15th. This represents a $2.86 dividend on an annualized basis and a yield of 3.30%. Chesapeake Energy’s payout ratio is presently 31.00%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CHK shares. UBS Group upped their target price on shares of Chesapeake Energy from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Benchmark reduced their price objective on shares of Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $82.00 to $95.00 in a research report on Friday, January 12th. Barclays initiated coverage on Chesapeake Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 target price for the company. Finally, Scotiabank lifted their price target on Chesapeake Energy from $92.00 to $110.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chesapeake Energy currently has an average rating of “Hold” and a consensus target price of $105.83.

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.