Stuyvesant Capital Management raised its position in shares of Chesapeake Energy Corporation (NYSE:CHK) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 442,400 shares of the oil and gas exploration company’s stock after buying an additional 23,400 shares during the period. Chesapeake Energy Corporation comprises approximately 4.3% of Stuyvesant Capital Management’s investment portfolio, making the stock its 13th largest position. Stuyvesant Capital Management’s holdings in Chesapeake Energy Corporation were worth $2,199,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Tiedemann Wealth Management LLC increased its stake in shares of Chesapeake Energy Corporation by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 2,952 shares in the last quarter. Cleararc Capital Inc. increased its stake in shares of 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 in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Chesapeake Energy Corporation during the second quarter worth approximately $115,000. Advisor Partners LLC increased its stake in shares of 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 in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Chesapeake Energy Corporation during the first quarter worth approximately $152,000. 64.51% of the stock is owned by institutional investors and hedge funds.

Shares of Chesapeake Energy Corporation (NYSE CHK) traded down 0.4670% during mid-day trading on Monday, reaching $3.7723. The company’s stock had a trading volume of 3,299,024 shares. The company has a 50 day moving average price of $4.46 and a 200 day moving average price of $5.19. The stock’s market capitalization is $3.36 billion. Chesapeake Energy Corporation has a 12 month low of $3.76 and a 12 month high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned ($0.14) EPS. Chesapeake Energy Corporation’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities research analysts anticipate that Chesapeake Energy Corporation will post $0.75 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/28/chesapeake-energy-corporation-chk-position-raised-by-stuyvesant-capital-management.html.

CHK has been the subject of a number of research reports. ValuEngine downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. BidaskClub downgraded Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. 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 research report on Tuesday, August 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $6.00 price target (down previously from $10.00) on shares of Chesapeake Energy Corporation in a research report on Friday, August 11th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.53.

In other Chesapeake Energy Corporation news, Director R Brad Martin bought 20,400 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were purchased at an average price of $4.55 per share, for a total transaction of $92,820.00. Following the transaction, the director now directly owns 522,358 shares in the company, valued at approximately $2,376,728.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas L. Ryan bought 75,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were acquired at an average price of $5.00 per share, for a total transaction of $375,000.00. Following the transaction, the director now owns 440,355 shares in the company, valued at $2,201,775. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 120,400 shares of company stock worth $570,570. 1.14% of the stock is owned by company insiders.

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)

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.