Texas Permanent School Fund Corp Buys 1,069 Shares of Chesapeake Energy Co. (NASDAQ:CHK)

Texas Permanent School Fund Corp grew its stake in Chesapeake Energy Co. (NASDAQ:CHK) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,300 shares of the company’s stock after purchasing an additional 1,069 shares during the period. Texas Permanent School Fund Corp owned approximately 0.07% of Chesapeake Energy worth $8,643,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CHK. Vanguard Group Inc. lifted its holdings in Chesapeake Energy by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 12,852,961 shares of the company’s stock valued at $1,108,311,000 after buying an additional 257,880 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Chesapeake Energy by 5.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,317,920 shares of the company’s stock valued at $332,221,000 after purchasing an additional 213,235 shares during the period. Dimensional Fund Advisors LP grew its stake in Chesapeake Energy by 15.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,958,837 shares of the company’s stock worth $150,723,000 after purchasing an additional 265,853 shares in the last quarter. Cannell & Co. increased its holdings in Chesapeake Energy by 7.6% during the 4th quarter. Cannell & Co. now owns 824,782 shares of the company’s stock worth $63,459,000 after purchasing an additional 58,253 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in Chesapeake Energy by 13.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 809,963 shares of the company’s stock valued at $62,319,000 after purchasing an additional 93,162 shares in the last quarter. 97.93% of the stock is owned by institutional investors.

Chesapeake Energy Price Performance

NASDAQ:CHK traded up $0.46 during trading hours on Thursday, hitting $83.48. 1,468,206 shares of the stock were exchanged, compared to its average volume of 1,874,063. Chesapeake Energy Co. has a 52-week low of $72.84 and a 52-week high of $93.58. The firm’s fifty day moving average price is $86.90 and its 200 day moving average price is $84.00. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.19. The company has a market cap of $10.94 billion, a P/E ratio of 11.25 and a beta of 0.47.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.08). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $674.99 million. Chesapeake Energy had a net margin of 16.42% and a return on equity of 4.87%. During the same quarter last year, the company earned $1.87 earnings per share. As a group, equities research analysts anticipate that Chesapeake Energy Co. will post 0.98 EPS for the current fiscal year.

Chesapeake Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were issued a $0.715 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This is a boost from Chesapeake Energy’s previous quarterly dividend of $0.58. This represents a $2.86 dividend on an annualized basis and a yield of 3.43%. Chesapeake Energy’s dividend payout ratio is currently 31.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Scotiabank lifted their price objective on shares of Chesapeake Energy from $92.00 to $110.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. UBS Group lifted their price target on Chesapeake Energy from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Benchmark cut their price target on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Truist Financial cut their price target on Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Barclays started coverage on Chesapeake Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $106.67.

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.