Fintel reports that Capital World Investors has filed a 13G/A form with the SEC disclosing ownership of 9.85MM shares of Chesapeake Energy Corp (CHK). This represents 7.4% of the company.
In their previous filing dated February 11, 2022 they reported 11.43MM shares and 9.70% of the company, a decrease in shares of 13.82% and a decrease in total ownership of 2.30% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 58.65% Upside
As of February 12, 2023, the average one-year price target for Chesapeake Energy is $133.01. The forecasts range from a low of $106.05 to a high of $168.00. The average price target represents an increase of 58.65% from its latest reported closing price of $83.84.
The projected annual revenue for Chesapeake Energy is $8,906MM, a decrease of 34.48%. The projected annual EPS is $21.27, a decrease of 8.47%.
What is the Fund Sentiment?
There are 1021 funds or institutions reporting positions in Chesapeake Energy. This is an increase of 38 owner(s) or 3.87% in the last quarter. Average portfolio weight of all funds dedicated to CHK is 0.65%, an increase of 0.66%. Total shares owned by institutions increased in the last three months by 0.13% to 159,833K shares. The put/call ratio of CHK is 0.73, indicating a bullish outlook.
What are large shareholders doing?
Blackstone Group holds 12,666K shares representing 9.45% ownership of the company. No change in the last quarter.
Oaktree Capital Management holds 9,800K shares representing 7.32% ownership of the company. In it's prior filing, the firm reported owning 10,501K shares, representing a decrease of 7.15%. The firm increased its portfolio allocation in CHK by 2.45% over the last quarter.
Prudential Financial holds 6,066K shares representing 4.53% ownership of the company. In it's prior filing, the firm reported owning 6,205K shares, representing a decrease of 2.30%. The firm increased its portfolio allocation in CHK by 21.34% over the last quarter.
Wellington Management Group Llp holds 5,271K shares representing 3.93% ownership of the company. In it's prior filing, the firm reported owning 4,116K shares, representing an increase of 21.93%. The firm increased its portfolio allocation in CHK by 57.37% over the last quarter.
ANCFX - AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 3,500K shares representing 2.61% ownership of the company. No change in the last quarter.
Chesapeake Energy Background Information
(This description is provided by the company.)
Chesapeake Energy Corporation is an American exploration and production company, which is headquartered in Oklahoma City.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
