Legal & General Group Plc lessened its stake in shares of Chesapeake Energy Corporation (NYSE:CHK) by 25.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,483,938 shares of the oil and gas exploration company’s stock after selling 842,839 shares during the period. Legal & General Group Plc owned about 0.28% of Chesapeake Energy Corporation worth $12,346,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Chesapeake Energy Corporation by 8.3% during 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 acquiring an additional 6,948,058 shares in the last quarter. Harris Associates L P raised its stake in shares of Chesapeake Energy Corporation by 96.4% during 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 acquiring an additional 32,145,200 shares in the last quarter. State Street Corp raised its stake in shares of Chesapeake Energy Corporation by 6.0% during the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock valued at $260,083,000 after acquiring an additional 2,476,711 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Chesapeake Energy Corporation by 1.9% during the first quarter. Mackenzie Financial Corp now owns 9,067,381 shares of the oil and gas exploration company’s stock valued at $53,860,000 after acquiring an additional 171,476 shares in the last quarter. Finally, Schneider Capital Management Corp raised its stake in shares of Chesapeake Energy Corporation by 34.1% during 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 acquiring an additional 1,918,000 shares in the last quarter. 64.51% of the stock is owned by hedge funds and other institutional investors.

Shares of Chesapeake Energy Corporation (NYSE CHK) opened at 3.76 on Monday. The stock’s 50 day moving average is $4.32 and its 200-day moving average is $5.10. The stock’s market capitalization is $3.35 billion. Chesapeake Energy Corporation has a one year low of $3.55 and a one year 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, topping the Thomson Reuters’ 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 firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned ($0.14) EPS. Chesapeake Energy Corporation’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts predict that Chesapeake Energy Corporation will post $0.75 EPS for the current fiscal year.

Several research firms have recently weighed in on CHK. BidaskClub raised shares of Chesapeake Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Scotiabank reaffirmed a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy Corporation in a research note on Friday, June 30th. Vetr downgraded shares of Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price target for the company. in a research note on Tuesday, July 11th. BMO Capital Markets reaffirmed a “hold” rating and set a $3.00 price target on shares of Chesapeake Energy Corporation in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC set a $6.00 price objective on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.53.

In related news, Director R Brad Martin purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the purchase, the director now directly owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.14% of the stock is owned by company insiders.

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Chesapeake Energy Corporation 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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