Nomura Asset Management Co. Ltd. Lowers Stake in Chesapeake Energy Co. (NASDAQ:CHK)

Nomura Asset Management Co. Ltd. reduced its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHKFree Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 32,543 shares of the company’s stock after selling 294 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Chesapeake Energy were worth $2,504,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Deutsche Bank AG lifted its stake in shares of Chesapeake Energy by 14.7% in the 3rd quarter. Deutsche Bank AG now owns 261,978 shares of the company’s stock worth $22,590,000 after acquiring an additional 33,660 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Chesapeake Energy by 112.6% in the 4th quarter. Panagora Asset Management Inc. now owns 39,474 shares of the company’s stock worth $3,037,000 after acquiring an additional 20,910 shares during the period. Townsquare Capital LLC lifted its stake in shares of Chesapeake Energy by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 13,104 shares of the company’s stock worth $1,130,000 after acquiring an additional 816 shares during the period. Texas Permanent School Fund Corp acquired a new stake in shares of Chesapeake Energy in the 3rd quarter worth $8,238,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Chesapeake Energy by 67.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,288 shares of the company’s stock worth $790,000 after acquiring an additional 3,732 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on CHK shares. Mizuho raised their target price on shares of Chesapeake Energy from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. 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 note on Friday, April 5th. Stephens raised their price objective on shares of Chesapeake Energy from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Jefferies Financial Group reduced their price objective on shares of 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, Barclays started coverage on shares of Chesapeake Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 price objective for the company. One 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $106.67.

Check Out Our Latest Research Report on Chesapeake Energy

Chesapeake Energy Stock Performance

Shares of CHK opened at $90.93 on Friday. 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 stock has a market cap of $11.92 billion, a P/E ratio of 12.25 and a beta of 0.51. The company has a 50-day moving average of $89.19 and a two-hundred day moving average of $82.72. Chesapeake Energy Co. has a 12-month low of $72.84 and a 12-month high of $93.58.

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

Chesapeake Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.715 per share. The ex-dividend date is Wednesday, May 15th. This is an increase from Chesapeake Energy’s previous quarterly dividend of $0.58. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.15%. Chesapeake Energy’s payout ratio is 31.00%.

Chesapeake Energy Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chesapeake Energy Co. (NASDAQ:CHKFree Report).

Institutional Ownership by Quarter for Chesapeake Energy (NASDAQ:CHK)

Receive News & Ratings for Chesapeake Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy and related companies with MarketBeat.com's FREE daily email newsletter.