641 shares in Chesapeake Energy Co. (NASDAQ: CHK ) purchased by Harbor Investment Advisory LLC


Harbor Investment Advisory LLC acquired a new position in shares of Chesapeake Energy Co. (NASDAQ:CHK – Get Rating ) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 641 shares of the company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Loomis Sayles & Co. LP boosted its holdings in Chesapeake Energy by 27.9% during the fourth quarter. Loomis Sayles & Co. LP now owns 867 shares of the company’s stock valued at $56,000 after purchasing an additional 189 shares during the last quarter. Xponance Inc. boosted its holdings in Chesapeake Energy by 7.2% during the fourth quarter. Xponance Inc. now owns 4,980 shares of the company’s stock valued at $321,000 after buying an additional 334 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in Chesapeake Energy by 8.1% during the first quarter. Confluence Investment Management LLC now owns 4,796 shares of the company’s stock valued at $417,000 after buying an additional 359 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in Chesapeake Energy in the fourth quarter valued at $34,000. Finally, Arizona State Retirement System raised its holdings in Chesapeake Energy by 2.7% in the fourth quarter. Arizona State Retirement System now owns 20,542 shares of the company’s stock valued at $1,325,000 after buying an additional 539 shares in the last quarter.

NASDAQ CHK opened at $82.90 on Monday. Chesapeake Energy Co . has a 52-week low of $48.19 and a 52-week high of $105.00. The company has a 50-day simple moving average of $89.99 and a 200-day simple moving average of $80.47. The company has a debt-to-equity ratio of 0.52, a quick earnings ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $10.55 billion, a PE ratio of -26.07, a price-to-earnings-growth ratio of 0.98 and a beta of 0.66.

Chesapeake Energy (NASDAQ:CHK – Get Rating ) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.63. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $1.34 billion. Chesapeake Energy had a negative net margin of 2.03% and a positive return on equity of 27.28%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts forecast that Chesapeake Energy Co. will post 13.51 EPS for the current fiscal year.

Chesapeake Energy declared that its board has approved a stock repurchase plan on Wednesday, June 22nd that permits the company to repurchase $2.00 billion in shares. This buyback authorization allows the company to purchase up to 20.6% of its shares through open market purchases. Stock buyback plans are usually a sign that a company’s management believes its stock is undervalued.

The firm recently declared a None dividend, which was paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th were given a dividend of $2.34 per share. This represents a yield of 2.1%. The ex-dividend date was Wednesday, May 18th. This is a positive change from Chesapeake Energy’s previous None dividend of $0.44. Chesapeake Energy’s dividend payout ratio (DPR) is currently -62.89%.

In other Chesapeake Energy news, Chief Operating Officer Joshua J. Viets bought 1,700 shares of the business’s stock in a transaction on Thursday, June 23rd. The stock was bought at an average price of $75.19 per share, for a total transaction of $127,823.00. Following the completion of the transaction, the chief operating officer now directly owns 27,504 shares of the company’s stock, valued at $2,068,025.76. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Holdings LP Blackstone III sold 186,085 shares of the stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $96.25, for a total transaction of $17,910,681.25. Following the transaction, the insider now owns 4,156,830 shares of the company’s stock, valued at approximately $400,094,887.50. Disclosure of this sale can be found here. Over the last quarter, insiders acquired 9,150 shares of company stock valued at $752,048 and sold 205,986 shares valued at $19,823,966. 1.10% of shares are owned by company insiders.

Several analysts have recently commented on CHK shares. TheStreet downgraded shares of Chesapeake Energy from a “c-” rating to a “d” rating in a report on Thursday, May 5th. Wolfe Research upped their target price on shares of Chesapeake Energy from $104.00 to $111.00 and gave the company an “outperform” rating in a report on Tuesday, April 5th. Wells Fargo & Company boosted their target price on shares of Chesapeake Energy from $88.00 to $98.00 and gave the company an “overweight” rating in a report on Monday, March 14th. Credit Suisse Group started coverage on shares of Chesapeake Energy in a report on Tuesday, June 14th. They issued an “outperform” rating and a $115.00 target price for the company. Finally, Royal Bank of Canada boosted their target price on shares of Chesapeake Energy from $88.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday, March 8th. Twelve research analysts have rated the stock with a buy rating. Chesapeake Energy currently has an average rating of “Buy” and an average target price of $94.30, according to MarketBeat .

About Chesapeake Energy (Get Rating)

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration and development of oil, natural gas and gas liquids production properties from underground reservoirs in the United States. The company owns interests in natural gas fields in the Marcellus Shale in the northern Appalachian Basin of Pennsylvania and in the Haynesville/Bossier Shale in northwestern Louisiana; and the fluids-rich resources in the Eagle Ford Shale in South Texas.

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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: CHK – Get Rating ).

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



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