Jackson Hole Capital Partners LLC Has $2.12 Million Position in Chesapeake Energy Co. (NASDAQ:CHK)

Jackson Hole Capital Partners LLC boosted its position in Chesapeake Energy Co. (NASDAQ:CHK) by 5.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 27,576 shares of the company’s stock after purchasing an additional 1,421 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Chesapeake Energy were worth $2,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Chesapeake Energy by 2.0% in 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 during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Chesapeake Energy by 29.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,104,685 shares of the company’s stock worth $353,947,000 after acquiring an additional 936,169 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Chesapeake Energy by 15.2% in the third quarter. Bank of New York Mellon Corp now owns 3,235,870 shares of the company’s stock worth $279,029,000 after acquiring an additional 427,181 shares in the last quarter. Kimmeridge Energy Management Company LLC boosted its holdings in Chesapeake Energy by 16.2% in the third quarter. Kimmeridge Energy Management Company LLC now owns 3,153,879 shares of the company’s stock worth $271,959,000 after acquiring an additional 439,186 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in Chesapeake Energy by 18.6% in the third quarter. Lord Abbett & CO. LLC now owns 2,723,456 shares of the company’s stock worth $234,844,000 after acquiring an additional 426,560 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Chesapeake Energy Stock Performance

Shares of CHK traded up $0.78 on Thursday, reaching $91.47. 1,471,699 shares of the company’s stock traded hands, compared to its average volume of 2,037,500. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11.96 billion, a PE ratio of 5.43 and a beta of 0.52. The stock’s 50 day simple moving average is $85.63 and its two-hundred day simple moving average is $82.14. Chesapeake Energy Co. has a 52-week low of $72.84 and a 52-week high of $91.54.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.89. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $4.22 earnings per share. On average, analysts forecast that Chesapeake Energy Co. will post 1.76 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Wednesday, March 6th. Chesapeake Energy’s payout ratio is 13.66%.

Analysts Set New Price Targets

Several brokerages have issued reports on CHK. 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 Tuesday, April 9th. TheStreet lowered Chesapeake Energy from a “b-” rating to a “c+” rating in a report on Friday, December 29th. Mizuho reiterated a “buy” rating and issued a $100.00 price target on shares of Chesapeake Energy in a report on Thursday, April 11th. Jefferies Financial Group lowered their price objective on Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, Scotiabank increased their price objective on Chesapeake Energy from $92.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $104.73.

About Chesapeake Energy

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.