Mutual of America Capital Management LLC Sells 2,465 Shares of Chesapeake Energy Co. (NASDAQ:CHK)

Mutual of America Capital Management LLC lowered its position in Chesapeake Energy Co. (NASDAQ:CHK) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,592 shares of the company’s stock after selling 2,465 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Chesapeake Energy worth $5,884,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CHK. Principal Securities Inc. bought a new position in Chesapeake Energy during the 4th quarter worth about $28,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Chesapeake Energy by 45.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,378 shares of the company’s stock worth $337,000 after purchasing an additional 1,367 shares during the period. Intech Investment Management LLC boosted its stake in shares of Chesapeake Energy by 40.4% during the fourth quarter. Intech Investment Management LLC now owns 7,002 shares of the company’s stock valued at $539,000 after purchasing an additional 2,015 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Chesapeake Energy by 103.8% during the fourth quarter. Hsbc Holdings PLC now owns 151,687 shares of the company’s stock valued at $11,672,000 after buying an additional 77,272 shares during the period. Finally, AAFMAA Wealth Management & Trust LLC raised its stake in Chesapeake Energy by 189.9% in the fourth quarter. AAFMAA Wealth Management & Trust LLC now owns 11,012 shares of the company’s stock worth $847,000 after buying an additional 7,213 shares in the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHK has been the topic of several recent research reports. Scotiabank dropped their target price on Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. Stephens lifted their target price on Chesapeake Energy from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Mizuho decreased 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 report on Monday, September 16th. StockNews.com raised shares of Chesapeake Energy to a “sell” rating in a research report on Wednesday, August 14th. Finally, KeyCorp assumed coverage on shares of Chesapeake Energy in a research report on Thursday, June 27th. They set a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $105.92.

Chesapeake Energy Price Performance

NASDAQ CHK opened at $78.46 on Friday. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 10.57 and a beta of 0.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16. The stock’s fifty day moving average price is $74.62 and its 200 day moving average price is $82.72. Chesapeake Energy Co. has a 1 year low of $69.12 and a 1 year high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The firm had revenue of $505.00 million during the quarter, compared to analyst estimates of $822.54 million. During the same period in the prior year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was down 73.3% on a year-over-year basis. As a group, equities research analysts forecast that Chesapeake Energy Co. will post 1.32 earnings per share for the current year.

Chesapeake Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, August 15th. Chesapeake Energy’s dividend payout ratio is presently 31.00%.

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.