Jaffetilchin Investment Partners LLC Makes New $618,000 Investment in Chesapeake Energy Co. (NASDAQ:CHK)

Jaffetilchin Investment Partners LLC purchased a new stake in Chesapeake Energy Co. (NASDAQ:CHK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,961 shares of the company’s stock, valued at approximately $618,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CHK. Principal Securities Inc. bought a new position in Chesapeake Energy during the fourth quarter worth about $28,000. Lindbrook Capital LLC lifted its holdings in shares of Chesapeake Energy by 90.8% during the 1st quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock valued at $33,000 after purchasing an additional 178 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Chesapeake Energy in the 1st quarter valued at approximately $37,000. GAMMA Investing LLC bought a new stake in Chesapeake Energy during the 4th quarter worth approximately $40,000. Finally, BOKF NA acquired a new stake in Chesapeake Energy during the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of Chesapeake Energy in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. Stephens increased their target price on Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday. Barclays assumed coverage on Chesapeake Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $102.00 price objective for the company. Benchmark decreased their price objective on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Truist Financial cut their target price on Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $106.69.

Chesapeake Energy Stock Performance

CHK stock traded down $1.29 during trading hours on Thursday, reaching $75.04. The stock had a trading volume of 2,475,820 shares, compared to its average volume of 1,907,270. The stock has a market capitalization of $9.85 billion, a PE ratio of 10.29 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.33. The stock has a 50-day simple moving average of $84.18 and a 200 day simple moving average of $84.21. Chesapeake Energy Co. has a fifty-two week low of $72.84 and a fifty-two week high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last issued its earnings results on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $505.00 million during the quarter, compared to analyst estimates of $822.54 million. Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The company’s revenue for the quarter was down 73.3% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. Analysts predict that Chesapeake Energy Co. will post 1.3 EPS for the current fiscal year.

Chesapeake Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.575 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.30 annualized dividend and a dividend yield of 3.07%. Chesapeake Energy’s dividend payout ratio is currently 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.