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Kimmeridge Energy Management Company LLC grew its stake in shares of Chesapeake Energy Co. by 16.2% in the 3rd quarter, according to its most recent Form 13F filing. The fund owned 3,153,879 shares of the company’s stock after acquiring an additional 439,186 shares during the period. Chesapeake Energy accounts for 11.6% of Kimmeridge Energy Management Company LLC’s holdings.

Several hedge funds have also recently bought and sold shares of CHK. Belpointe Asset Management LLC now owns 347 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares during the last quarter. Parkside Financial Bank & Trust now owns 362 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares during the period.

Wall Street analysts forecast a growth price for Chesapeake Energy – See Our Latest Research Report on CHK. Keep in mind that Chesapeake Energy’s stock price decreased by 1.3%.

Chesapeake Energy reported its quarterly earnings data, which topped analysts’ consensus estimates of $0.57 by $0.52. The company had a net margin of 49.82% and a return on equity of 11.33%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. On average, analysts anticipate that Chesapeake Energy Co. will post 4.64 EPS for the current fiscal year.

Chesapeake Energy also announced a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Thursday, November 16th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Wednesday, November 15th. Chesapeake Energy’s payout ratio is 6.25%.

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States. 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.



Read more: Chesapeake Energy Co. (NASDAQ:CHK) Shares Acquired by Kimmeridge Energy Management Company LLC