AAFMAA Wealth Management & Trust LLC Decreases Stock Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

AAFMAA Wealth Management & Trust LLC lessened its holdings in Chesapeake Energy Co. (NASDAQ:CHK) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,004 shares of the company’s stock after selling 1,008 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Chesapeake Energy were worth $889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHK. Scout Investments Inc. purchased a new stake in shares of Chesapeake Energy in the fourth quarter valued at about $32,079,000. Dimensional Fund Advisors LP raised its stake in Chesapeake Energy by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,958,837 shares of the company’s stock valued at $150,723,000 after acquiring an additional 265,853 shares during the last quarter. Vanguard Group Inc. lifted its position in Chesapeake Energy by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 12,852,961 shares of the company’s stock worth $1,108,311,000 after acquiring an additional 257,880 shares during the period. Vest Financial LLC purchased a new position in shares of Chesapeake Energy in the 1st quarter valued at approximately $19,550,000. Finally, Massachusetts Financial Services Co. MA increased 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. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Energy Price Performance

Shares of CHK stock traded up $0.29 during mid-day trading on Monday, reaching $82.60. The stock had a trading volume of 1,158,580 shares, compared to its average volume of 1,883,147. Chesapeake Energy Co. has a 12-month low of $72.84 and a 12-month high of $93.58. 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 business has a 50-day simple moving average of $87.39 and a 200 day simple moving average of $83.94. The company has a market cap of $10.82 billion, a P/E ratio of 11.13 and a beta of 0.47.

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). Chesapeake Energy had a net margin of 16.42% and a return on equity of 4.87%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $674.99 million. During the same quarter last year, the business posted $1.87 earnings per share. On average, sell-side analysts anticipate that Chesapeake Energy Co. will post 0.98 earnings per share for the current year.

Chesapeake Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were paid a $0.715 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.86 dividend on an annualized basis and a yield of 3.46%. This is a positive change from Chesapeake Energy’s previous quarterly dividend of $0.58. Chesapeake Energy’s dividend payout ratio is presently 31.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. KeyCorp assumed coverage on Chesapeake Energy in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Scotiabank boosted their price target 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, April 11th. Truist Financial reduced their price objective on shares of Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Mizuho boosted their target price on Chesapeake Energy from $101.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Barclays initiated coverage on Chesapeake Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.