NGAM Advisors L.P. decreased its position in shares of Chesapeake Energy Corporation (NYSE:CHK) by 26.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,131 shares of the oil and gas exploration company’s stock after selling 14,549 shares during the period. NGAM Advisors L.P.’s holdings in Chesapeake Energy Corporation were worth $204,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Capstone Asset Management Co. raised its stake in Chesapeake Energy Corporation by 0.4% in the first quarter. Capstone Asset Management Co. now owns 39,943 shares of the oil and gas exploration company’s stock worth $237,000 after buying an additional 140 shares during the period. Louisiana State Employees Retirement System raised its stake in Chesapeake Energy Corporation by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 47,300 shares of the oil and gas exploration company’s stock worth $235,000 after buying an additional 500 shares during the period. Cleararc Capital Inc. raised its stake in Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock worth $111,000 after buying an additional 508 shares during the period. FMR LLC raised its stake in Chesapeake Energy Corporation by 0.3% in the first quarter. FMR LLC now owns 259,917 shares of the oil and gas exploration company’s stock worth $1,544,000 after buying an additional 667 shares during the period. Finally, Greenwich Wealth Management LLC raised its stake in Chesapeake Energy Corporation by 3.5% in the first quarter. Greenwich Wealth Management LLC now owns 26,186 shares of the oil and gas exploration company’s stock worth $156,000 after buying an additional 886 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Chesapeake Energy Corporation (NYSE CHK) opened at 3.96 on Monday. The stock has a 50 day moving average price of $4.60 and a 200-day moving average price of $5.28. The stock’s market capitalization is $3.53 billion. Chesapeake Energy Corporation has a 1-year low of $3.81 and a 1-year high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. On average, analysts forecast that Chesapeake Energy Corporation will post $0.76 earnings per share for the current year.

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A number of research firms have recently weighed in on CHK. Royal Bank Of Canada reissued a “hold” rating and set a $7.00 price objective on shares of Chesapeake Energy Corporation in a research note on Tuesday, April 25th. Vetr lowered Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price objective for the company. in a research note on Tuesday, July 11th. SunTrust Banks, Inc. reissued a “buy” rating and set a $9.00 price objective on shares of Chesapeake Energy Corporation in a research note on Monday, May 1st. Jefferies Group LLC set a $6.00 price objective on Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Tuesday, June 6th. Finally, Macquarie lowered Chesapeake Energy Corporation from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $3.93 to $4.00 in a research note on Wednesday, June 21st. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.55.

In related news, Director Thomas L. Ryan purchased 75,000 shares of Chesapeake Energy Corporation stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average cost of $5.00 per share, with a total value of $375,000.00. Following the transaction, the director now owns 440,355 shares in the company, valued at approximately $2,201,775. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director R Brad Martin purchased 25,000 shares of Chesapeake Energy Corporation stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $4.11 per share, with a total value of $102,750.00. Following the completion of the transaction, the director now owns 547,358 shares in the company, valued at approximately $2,249,641.38. The disclosure for this purchase can be found here. Over the last three months, insiders bought 140,400 shares of company stock valued at $675,770. Corporate insiders own 1.14% of the company’s stock.

Chesapeake Energy Corporation Company Profile

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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