Howard Hughes Medical Institute reduced its holdings in shares of Chesapeake Energy Corporation (NYSE:CHK) by 10.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,713 shares of the oil and gas exploration company’s stock after selling 3,890 shares during the quarter. Howard Hughes Medical Institute’s holdings in Chesapeake Energy Corporation were worth $168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cleararc Capital Inc. grew its stake in shares of Chesapeake Energy Corporation by 2.8% during the 1st quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock worth $111,000 after acquiring an additional 508 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Chesapeake Energy Corporation during the 2nd quarter worth approximately $115,000. HRT Financial LLC bought a new position in shares of Chesapeake Energy Corporation during the 2nd quarter worth approximately $131,000. V Wealth Management LLC grew its stake in shares of Chesapeake Energy Corporation by 14.8% during the 2nd quarter. V Wealth Management LLC now owns 32,925 shares of the oil and gas exploration company’s stock worth $145,000 after acquiring an additional 4,240 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Chesapeake Energy Corporation by 10.5% during the 2nd quarter. Blair William & Co. IL now owns 29,469 shares of the oil and gas exploration company’s stock worth $146,000 after acquiring an additional 2,800 shares in the last quarter. 64.46% of the stock is owned by institutional investors.

Chesapeake Energy Corporation (NYSE CHK) traded up 2.4800% during midday trading on Monday, hitting $4.0992. The stock had a trading volume of 4,093,673 shares. The stock’s market cap is $3.65 billion. Chesapeake Energy Corporation has a 52 week low of $3.55 and a 52 week high of $8.20. The company has a 50-day moving average price of $4.05 and a 200-day moving average price of $4.96.

Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) EPS. Equities analysts expect that Chesapeake Energy Corporation will post $0.76 EPS for the current year.

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In related news, Director R Brad Martin acquired 20,400 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.14% of the company’s stock.

CHK has been the subject of several research reports. ValuEngine cut shares of Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research note on Monday, May 29th. Royal Bank Of Canada set a $7.00 price target on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Monday, May 29th. J P Morgan Chase & Co decreased their price target on shares of Chesapeake Energy Corporation from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, May 31st. Jefferies Group LLC set a $6.00 price target on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Finally, BidaskClub cut shares of Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 10th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Chesapeake Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $6.42.

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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