Chesapeake Granite Wash Trust (CHKR) Stake Increased by Virtu Financial LLC
Virtu Financial LLC increased its position in shares of Chesapeake Granite Wash Trust (NYSE:CHKR) by 90.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,498 shares of the oil and gas producer’s stock after purchasing an additional 50,982 shares during the period. Virtu Financial LLC owned 0.23% of Chesapeake Granite Wash Trust worth $199,000 at the end of the most recent reporting period.
Shares of Chesapeake Granite Wash Trust (CHKR) opened at $1.40 on Friday. The company has a market cap of $67.79, a price-to-earnings ratio of 3.68 and a beta of 0.37. Chesapeake Granite Wash Trust has a 52-week low of $1.40 and a 52-week high of $2.85.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th were given a dividend of $0.0787 per share. This represents a $0.31 annualized dividend and a dividend yield of 22.49%. This is an increase from Chesapeake Granite Wash Trust’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, February 16th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is presently 81.58%.
Chesapeake Granite Wash Trust (the Trust) is a trust formed to own royalty interests for the benefit of Trust unit holders. The royalty interests held by the Trust (Royalty Interests) are derived from Chesapeake Energy Corporation’s (Chesapeake) interests in specified oil and natural gas properties located in the Colony Granite Wash play in Washita County.
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