Glenorchy Capital Ltd Invests $731,000 in Chesapeake Energy Co. (NASDAQ:CHK)

Glenorchy Capital Ltd bought a new stake in Chesapeake Energy Co. (NASDAQ:CHK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,505 shares of the company’s stock, valued at approximately $731,000.

Several other hedge funds and other institutional investors have also modified their holdings of CHK. DekaBank Deutsche Girozentrale raised its stake in Chesapeake Energy by 1.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 9,439 shares of the company’s stock worth $716,000 after buying an additional 151 shares during the period. Stratos Wealth Partners LTD. grew its position in Chesapeake Energy by 4.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,761 shares of the company’s stock valued at $289,000 after acquiring an additional 154 shares during the last quarter. Forum Financial Management LP boosted its holdings in shares of Chesapeake Energy by 6.2% during the 3rd quarter. Forum Financial Management LP now owns 2,812 shares of the company’s stock valued at $242,000 after acquiring an additional 163 shares in the last quarter. Signaturefd LLC grew its position in shares of Chesapeake Energy by 16.5% in the 4th quarter. Signaturefd LLC now owns 1,250 shares of the company’s stock valued at $96,000 after buying an additional 177 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of Chesapeake Energy by 7.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,803 shares of the company’s stock worth $242,000 after purchasing an additional 199 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CHK. Jefferies Financial Group lowered their price objective on Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. KeyCorp started coverage on Chesapeake Energy in a report on Thursday, April 4th. They set a “sector weight” rating for the company. TheStreet cut Chesapeake Energy from a “b-” rating to a “c+” rating in a report on Friday, December 29th. Citigroup upgraded Chesapeake Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $82.00 to $95.00 in a research report on Friday, January 12th. Finally, Mizuho reaffirmed a “buy” rating and issued a $100.00 price target on shares of Chesapeake Energy in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $103.58.

Chesapeake Energy Price Performance

Shares of CHK traded up $0.12 during mid-day trading on Tuesday, hitting $88.53. The company’s stock had a trading volume of 1,186,466 shares, compared to its average volume of 2,047,860. The firm has a 50-day simple moving average of $85.07 and a 200 day simple moving average of $82.01. The firm has a market capitalization of $11.58 billion, a P/E ratio of 5.26 and a beta of 0.52. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19. Chesapeake Energy Co. has a 1-year low of $72.84 and a 1-year high of $91.03.

Chesapeake Energy (NASDAQ:CHK) last announced its earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.89. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $962.95 million. During the same quarter in the previous year, the company posted $4.22 EPS. Analysts predict that Chesapeake Energy Co. will post 2.03 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 13.66%.

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.