KBC Group NV decreased its stake in Chesapeake Energy Corporation (NYSE:CHK) by 29.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 917,849 shares of the oil and gas exploration company’s stock after selling 382,991 shares during the period. KBC Group NV owned approximately 0.10% of Chesapeake Energy Corporation worth $4,562,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CHK. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Chesapeake Energy Corporation by 1,626.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 98,914 shares of the oil and gas exploration company’s stock worth $588,000 after buying an additional 93,185 shares during the last quarter. Advisor Partners LLC boosted its stake in Chesapeake Energy Corporation by 14.0% in the first quarter. Advisor Partners LLC now owns 24,504 shares of the oil and gas exploration company’s stock worth $146,000 after buying an additional 3,006 shares during the last quarter. Parsons Capital Management Inc. RI boosted its stake in Chesapeake Energy Corporation by 11.6% in the first quarter. Parsons Capital Management Inc. RI now owns 117,691 shares of the oil and gas exploration company’s stock worth $699,000 after buying an additional 12,250 shares during the last quarter. Greenwich Wealth Management LLC boosted 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 last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Chesapeake Energy Corporation by 233.0% in the first quarter. Janney Montgomery Scott LLC now owns 34,837 shares of the oil and gas exploration company’s stock worth $207,000 after buying an additional 24,375 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Chesapeake Energy Corporation (NYSE CHK) opened at 3.89 on Thursday. The stock’s market cap is $3.47 billion. Chesapeake Energy Corporation has a 52 week low of $3.76 and a 52 week high of $8.20. The company’s 50-day moving average is $4.51 and its 200 day moving average is $5.22.

Chesapeake Energy Corporation (NYSE:CHK) last announced its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.14) EPS. On average, analysts expect that Chesapeake Energy Corporation will post $0.75 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Chesapeake Energy Corporation (CHK) Stake Decreased by KBC Group NV” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/08/24/chesapeake-energy-corporation-chk-stake-decreased-by-kbc-group-nv.html.

A number of research firms have commented on CHK. ValuEngine upgraded shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Bank of America Corporation lowered shares of Chesapeake Energy Corporation from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 11th. Scotiabank reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Chesapeake Energy Corporation in a research note on Monday, May 15th. FBR & Co reaffirmed a “sell” rating on shares of Chesapeake Energy Corporation in a research note on Monday, May 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Chesapeake Energy Corporation in a research note on Monday, May 15th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.55.

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

Receive News & Stock Ratings for Chesapeake Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy Corporation and related stocks with our FREE daily email newsletter.