apricus wealth LLC Has $3.08 Million Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

apricus wealth LLC raised its position in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 121.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,475 shares of the company’s stock after buying an additional 20,515 shares during the period. Chesapeake Energy comprises 2.0% of apricus wealth LLC’s portfolio, making the stock its 15th biggest position. apricus wealth LLC’s holdings in Chesapeake Energy were worth $3,082,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CHK. Aurora Investment Counsel lifted its position in Chesapeake Energy by 1.1% during the 1st quarter. Aurora Investment Counsel now owns 11,930 shares of the company’s stock worth $1,060,000 after buying an additional 135 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of Chesapeake Energy by 1.3% in the second quarter. Clear Harbor Asset Management LLC now owns 13,895 shares of the company’s stock worth $1,142,000 after acquiring an additional 180 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Chesapeake Energy by 1.9% in the second quarter. Toronto Dominion Bank now owns 10,205 shares of the company’s stock worth $839,000 after acquiring an additional 186 shares during the last quarter. CWM LLC raised its stake in shares of Chesapeake Energy by 22.9% in the third quarter. CWM LLC now owns 1,149 shares of the company’s stock worth $94,000 after acquiring an additional 214 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in shares of Chesapeake Energy by 32.4% in the first quarter. Abich Financial Wealth Management LLC now owns 900 shares of the company’s stock worth $80,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Stock Performance

NASDAQ CHK opened at $81.46 on Friday. Chesapeake Energy Co. has a one year low of $69.12 and a one year high of $93.58. 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 firm has a market cap of $10.68 billion, a P/E ratio of 10.98 and a beta of 0.47. The stock’s 50-day moving average is $76.30 and its 200-day moving average is $82.06.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings data 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). 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 analyst estimates of $822.54 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Chesapeake Energy’s revenue for the quarter was down 73.3% compared to the same quarter last year. Sell-side analysts anticipate that Chesapeake Energy Co. will post 1.43 earnings per share for the current fiscal year.

Chesapeake Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were given a $0.575 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.82%. Chesapeake Energy’s dividend payout ratio is presently 31.00%.

Analyst Upgrades and Downgrades

CHK has been the subject of a number of research analyst reports. StockNews.com raised shares of Chesapeake Energy to a “sell” rating in a research note on Wednesday, August 14th. Wells Fargo & Company boosted their target price on shares of Chesapeake Energy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Roth Mkm assumed coverage on shares of Chesapeake Energy in a research note on Friday, September 27th. They issued a “buy” rating and a $92.00 target price for the company. Finally, KeyCorp began coverage on shares of Chesapeake Energy in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chesapeake Energy has an average rating of “Moderate Buy” and an average price target of $99.92.

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.