Chesapeake Energy Co. (NASDAQ:CHK) Stock Holdings Lessened by Signaturefd LLC

Signaturefd LLC trimmed its stake in Chesapeake Energy Co. (NASDAQ:CHK) by 11.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,245 shares of the company’s stock after selling 167 shares during the quarter. Signaturefd LLC’s holdings in Chesapeake Energy were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chesapeake Energy in the first quarter worth approximately $37,000. BOKF NA acquired a new position in Chesapeake Energy in the first quarter worth approximately $45,000. GAMMA Investing LLC increased its holdings in Chesapeake Energy by 75.6% in the second quarter. GAMMA Investing LLC now owns 569 shares of the company’s stock worth $47,000 after buying an additional 245 shares during the last quarter. Blue Trust Inc. increased its holdings in Chesapeake Energy by 895.6% in the second quarter. Blue Trust Inc. now owns 677 shares of the company’s stock worth $60,000 after buying an additional 609 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in Chesapeake Energy by 1,384.8% in the second quarter. Mather Group LLC. now owns 683 shares of the company’s stock worth $61,000 after buying an additional 637 shares during the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Price Performance

CHK opened at $81.46 on Tuesday. Chesapeake Energy Co. has a 1-year low of $69.12 and a 1-year high of $93.58. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 10.98 and a beta of 0.47. The business has a 50 day moving average of $76.83 and a 200-day moving average of $81.89.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The business had revenue of $505.00 million during the quarter, compared to the consensus estimate of $822.54 million. During the same period in the prior year, the company posted $0.64 earnings per share. The firm’s revenue was down 73.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chesapeake Energy Co. will post 1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHK shares. Stephens increased their price objective on Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Roth Mkm started coverage on Chesapeake Energy in a report on Friday, September 27th. They issued a “buy” rating and a $92.00 price objective on the stock. Wells Fargo & Company increased their price objective on Chesapeake Energy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Finally, Truist Financial lowered their price target on Chesapeake Energy from $108.00 to $96.00 and set a “buy” rating on the stock in a report on Monday, September 30th. One 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.92.

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.