Virtu KCG Holdings LLC decreased its position in Chesapeake Energy Corporation (NYSE:CHK) by 10.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,508 shares of the oil and gas exploration company’s stock after selling 7,513 shares during the period. Virtu KCG Holdings LLC’s holdings in Chesapeake Energy Corporation were worth $331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL lifted its holdings in Chesapeake Energy Corporation by 8.6% during the first quarter. Blair William & Co. IL now owns 26,669 shares of the oil and gas exploration company’s stock worth $156,000 after buying an additional 2,119 shares during the period. American International Group Inc. lifted its holdings in Chesapeake Energy Corporation by 1.3% during the first quarter. American International Group Inc. now owns 260,789 shares of the oil and gas exploration company’s stock worth $1,549,000 after buying an additional 3,292 shares during the period. Alliancebernstein L.P. lifted its holdings in Chesapeake Energy Corporation by 0.6% during the first quarter. Alliancebernstein L.P. now owns 1,216,234 shares of the oil and gas exploration company’s stock worth $7,224,000 after buying an additional 7,039 shares during the period. OppenheimerFunds Inc. lifted its holdings in Chesapeake Energy Corporation by 12.9% during the first quarter. OppenheimerFunds Inc. now owns 178,075 shares of the oil and gas exploration company’s stock worth $1,058,000 after buying an additional 20,279 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Chesapeake Energy Corporation by 3.5% during the first quarter. Principal Financial Group Inc. now owns 1,147,377 shares of the oil and gas exploration company’s stock worth $6,815,000 after buying an additional 38,804 shares during the period. Hedge funds and other institutional investors own 64.56% of the company’s stock.

In other Chesapeake Energy Corporation news, Director R Brad Martin acquired 25,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the completion of the purchase, the director now owns 547,358 shares in the company, valued at approximately $2,249,641.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.14% of the company’s stock.

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A number of analysts have weighed in on CHK shares. Stifel Nicolaus restated a “buy” rating on shares of Chesapeake Energy Corporation in a report on Friday, July 21st. Vetr lowered Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 target price for the company. in a report on Monday, July 17th. ValuEngine upgraded Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub upgraded Chesapeake Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, BMO Capital Markets restated a “hold” rating and set a $3.00 target price on shares of Chesapeake Energy Corporation in a report on Tuesday, June 27th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.01.

Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at 3.78 on Wednesday. The firm has a 50-day moving average of $4.01 and a 200 day moving average of $4.79. Chesapeake Energy Corporation has a 12-month low of $3.55 and a 12-month high of $8.20. The stock’s market capitalization is $3.37 billion.

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. Equities analysts forecast that Chesapeake Energy Corporation will post $0.73 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Chesapeake Energy Corporation (NYSE:CHK)

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