Oil Price Predictions for 2022 and 5 Stocks to Watch

2. Chesapeake Energy Corporation (NASDAQ:CHK)

Number of Hedge Fund Holders: 50

Based in Oklahoma, Chesapeake Energy Corporation (NASDAQ:CHK) acquires and develops properties that generate oil, natural gas, and natural gas liquids across the United States.

On March 3, Chesapeake Energy Corporation (NASDAQ:CHK) declared a quarterly dividend of $0.4375 per share, in line with previous. The dividend is payable on March 22, to shareholders of record on March 7. 

RBC Capital analyst Scott Hanold raised the price target on Chesapeake Energy Corporation (NASDAQ:CHK) on March 8 to $98 from $88 and kept an Outperform rating on the shares. The company is digesting the recent acquisitions but looks positioned to deliver among the highest return to shareholders, the analyst told investors in a research note. He expects a total dividend yield of near 10% in 2022 and noted that investors should see another 5% from stock buybacks.

According to the Q4 database of Insider Monkey, 50 hedge funds were long Chesapeake Energy Corporation (NASDAQ:CHK), up from 44 funds in the quarter earlier. Oaktree Capital Management held the largest stake in Chesapeake Energy Corporation (NASDAQ:CHK) at the end of December 2021, with 12 million shares worth $774.3 million.