Chesapeake Granite Wash Trust (NYSE:CHKR) Shares Down 0.9%

Shares of Chesapeake Granite Wash Trust (NYSE:CHKR) dropped 0.9% on Friday . The stock traded as low as $1.07 and last traded at $1.07. Approximately 11,908 shares traded hands during trading, a decline of 85% from the average daily volume of 78,360 shares. The stock had previously closed at $1.08.

The company has a market capitalization of $50.49 million, a price-to-earnings ratio of 4.15 and a beta of 1.29.

Chesapeake Granite Wash Trust (NYSE:CHKR) last posted its earnings results on Tuesday, May 14th. The oil and gas producer reported $0.06 earnings per share for the quarter. The firm had revenue of $3.36 million during the quarter. Chesapeake Granite Wash Trust had a return on equity of 42.63% and a net margin of 81.70%.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 20th were paid a dividend of $0.0303 per share. This represents a $0.12 annualized dividend and a yield of 11.22%. The ex-dividend date was Friday, May 17th.

A hedge fund recently raised its stake in Chesapeake Granite Wash Trust stock. Morgan Stanley increased its holdings in shares of Chesapeake Granite Wash Trust (NYSE:CHKR) by 209.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,856 shares of the oil and gas producer’s stock after purchasing an additional 28,325 shares during the quarter. Morgan Stanley owned approximately 0.09% of Chesapeake Granite Wash Trust worth $61,000 at the end of the most recent quarter. 0.65% of the stock is owned by institutional investors.

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About Chesapeake Granite Wash Trust (NYSE:CHKR)

Chesapeake Granite Wash Trust owns royalty interests in oil, natural gas liquids, and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of Western Oklahoma. The company has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.

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