Oppenheimer & Co. Inc. cut its position in Chesapeake Energy Corporation (NYSE:CHK) by 20.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,513 shares of the oil and gas exploration company’s stock after selling 7,737 shares during the period. Oppenheimer & Co. Inc.’s holdings in Chesapeake Energy Corporation were worth $181,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CHK. Harris Associates L P raised its stake in shares of Chesapeake Energy Corporation by 96.4% in the first quarter. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company’s stock valued at $388,926,000 after buying an additional 32,145,200 shares during the last quarter. Norges Bank purchased a new stake in shares of Chesapeake Energy Corporation during the fourth quarter valued at approximately $56,791,000. Vanguard Group Inc. raised its stake in shares of Chesapeake Energy Corporation by 8.3% in the first quarter. Vanguard Group Inc. now owns 91,145,308 shares of the oil and gas exploration company’s stock valued at $541,403,000 after buying an additional 6,948,058 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Chesapeake Energy Corporation during the fourth quarter valued at approximately $16,613,000. Finally, Schneider Capital Management Corp raised its stake in Chesapeake Energy Corporation by 34.1% in the first quarter. Schneider Capital Management Corp now owns 7,534,855 shares of the oil and gas exploration company’s stock valued at $44,757,000 after buying an additional 1,918,000 shares in the last quarter. 64.81% of the stock is owned by institutional investors.

Shares of Chesapeake Energy Corporation (NYSE:CHK) traded up 0.67% during mid-day trading on Friday, hitting $4.53. The stock had a trading volume of 32,137,035 shares. The firm’s market cap is $4.04 billion. Chesapeake Energy Corporation has a 12 month low of $4.38 and a 12 month high of $8.20. The stock’s 50-day moving average is $4.84 and its 200 day moving average is $5.50.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 35.84% and a negative return on equity of 7.64%. Chesapeake Energy Corporation’s revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) earnings per share. Equities research analysts predict that Chesapeake Energy Corporation will post $0.78 earnings per share for the current fiscal year.

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Several research firms have issued reports on CHK. Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Thursday. Vetr raised Chesapeake Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $5.68 price target for the company in a report on Tuesday. BidaskClub downgraded Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Citigroup Inc. lowered their price objective on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Finally, Stifel Nicolaus restated a “buy” rating on shares of Chesapeake Energy Corporation in a research report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $6.74.

In other Chesapeake Energy Corporation news, Director R Brad Martin bought 20,400 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were acquired at an average price of $4.55 per share, with a total value of $92,820.00. Following the purchase, the director now owns 522,358 shares in the company, valued at approximately $2,376,728.90. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas L. Ryan bought 75,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of $5.00 per share, for a total transaction of $375,000.00. Following the purchase, the director now owns 440,355 shares in the company, valued at approximately $2,201,775. The disclosure for this purchase can be found here. In the last three months, insiders bought 115,400 shares of company stock worth $573,020. Insiders own 1.10% of the company’s stock.

About Chesapeake Energy Corporation

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

Institutional Ownership by Quarter for Chesapeake Energy Corporation (NYSE:CHK)

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