Chesapeake Energy Co. (NASDAQ:CHK) Stock Position Raised by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 125.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,490 shares of the company’s stock after buying an additional 19,733 shares during the period. Raymond James & Associates’ holdings in Chesapeake Energy were worth $2,919,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CHK. Price T Rowe Associates Inc. MD grew its position in Chesapeake Energy by 233.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,059,644 shares of the company’s stock worth $804,769,000 after purchasing an additional 6,338,963 shares during the last quarter. Kimmeridge Energy Management Company LLC grew its position in Chesapeake Energy by 28.8% in the 2nd quarter. Kimmeridge Energy Management Company LLC now owns 3,694,879 shares of the company’s stock worth $303,682,000 after purchasing an additional 827,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Chesapeake Energy by 18.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,333,769 shares of the company’s stock worth $274,005,000 after purchasing an additional 510,664 shares during the last quarter. 1832 Asset Management L.P. grew its position in Chesapeake Energy by 247.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 687,954 shares of the company’s stock worth $56,543,000 after purchasing an additional 490,201 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Chesapeake Energy by 13.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 2,599,352 shares of the company’s stock worth $230,900,000 after purchasing an additional 307,814 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Price Performance

CHK stock opened at $81.46 on Tuesday. Chesapeake Energy Co. has a 12 month low of $69.12 and a 12 month high of $93.58. The firm has a market cap of $10.68 billion, a PE ratio of 10.98 and a beta of 0.47. The firm has a 50 day simple moving average of $77.66 and a 200 day simple moving average of $81.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16.

Analyst Ratings Changes

Several research analysts have commented on CHK shares. Stephens upped their target price on shares of Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Chesapeake Energy to a “sell” rating in a research note on Wednesday, August 14th. Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Mizuho reduced their price target on shares of Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Truist Financial reduced their price target on shares of Chesapeake Energy from $108.00 to $96.00 and set a “buy” rating for the company in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.92.

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.