River Road Asset Management LLC Sells 46,589 Shares of Chesapeake Energy Co. (NASDAQ:CHK)

River Road Asset Management LLC cut its position in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 18.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,065 shares of the company’s stock after selling 46,589 shares during the period. River Road Asset Management LLC owned about 0.16% of Chesapeake Energy worth $16,316,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Belpointe Asset Management LLC lifted its stake in Chesapeake Energy by 478.3% during the first quarter. Belpointe Asset Management LLC now owns 347 shares of the company’s stock worth $26,000 after purchasing an additional 287 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Chesapeake Energy by 132.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 362 shares of the company’s stock worth $30,000 after buying an additional 206 shares during the period. Salem Investment Counselors Inc. acquired a new stake in Chesapeake Energy in the 1st quarter valued at $32,000. Gladius Capital Management LP bought a new stake in Chesapeake Energy in the third quarter valued at $36,000. Finally, Covestor Ltd grew its position in Chesapeake Energy by 292.0% in the first quarter. Covestor Ltd now owns 439 shares of the company’s stock valued at $38,000 after acquiring an additional 327 shares during the period. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHK has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Chesapeake Energy from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Truist Financial reduced their price target on shares of Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. TheStreet lowered shares of Chesapeake Energy from a “b-” rating to a “c+” rating in a report on Friday, December 29th. Citigroup upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $95.00 in a research note on Friday, January 12th. Finally, Mizuho reiterated a “buy” rating and issued a $100.00 price objective on shares of Chesapeake Energy in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Chesapeake Energy currently has a consensus rating of “Hold” and a consensus price target of $103.58.

Chesapeake Energy Trading Down 0.1 %

CHK stock opened at $87.15 on Thursday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. Chesapeake Energy Co. has a twelve month low of $72.84 and a twelve month high of $91.03. The company has a market cap of $11.40 billion, a P/E ratio of 5.18 and a beta of 0.52. The business has a fifty day moving average of $84.20 and a 200-day moving average of $81.91.

Chesapeake Energy (NASDAQ:CHK) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.89. The firm had revenue of $1.95 billion during 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 period in the previous year, the business posted $4.22 EPS. As a group, equities research analysts expect that Chesapeake Energy Co. will post 2.03 EPS for the current year.

Chesapeake Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 7th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio (DPR) is currently 13.66%.

Chesapeake Energy 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.