Verition Fund Management LLC purchased a new stake in Chesapeake Energy Corporation (NYSE:CHK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 98,137 shares of the oil and gas exploration company’s stock, valued at approximately $488,000.

Several other hedge funds have also added to or reduced their stakes in CHK. Vanguard Group Inc. grew its stake in shares of Chesapeake Energy Corporation by 19.3% in the second quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock valued at $540,542,000 after acquiring an additional 17,615,861 shares in the last quarter. Bridgewater Associates LP acquired a new position in shares of Chesapeake Energy Corporation in the second quarter valued at about $26,111,000. State Street Corp grew its stake in shares of Chesapeake Energy Corporation by 9.1% in the second quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock valued at $237,402,000 after acquiring an additional 3,982,812 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Chesapeake Energy Corporation by 62.3% in the second quarter. Parametric Portfolio Associates LLC now owns 5,118,536 shares of the oil and gas exploration company’s stock valued at $25,439,000 after acquiring an additional 1,963,927 shares in the last quarter. Finally, James Investment Research Inc. grew its stake in shares of Chesapeake Energy Corporation by 3,211.0% in the second quarter. James Investment Research Inc. now owns 1,726,694 shares of the oil and gas exploration company’s stock valued at $8,582,000 after acquiring an additional 1,674,544 shares in the last quarter. Institutional investors and hedge funds own 64.56% of the company’s stock.

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Shares of Chesapeake Energy Corporation (CHK) opened at 3.77 on Thursday. The stock’s 50 day moving average is $4.01 and its 200 day moving average is $4.76. Chesapeake Energy Corporation has a 12 month low of $3.55 and a 12 month high of $8.20. The firm’s market cap is $3.36 billion.

Chesapeake Energy Corporation (NYSE:CHK) last posted its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm earned ($0.14) earnings per share. The business’s revenue was up 40.6% compared to the same quarter last year. Equities research analysts expect that Chesapeake Energy Corporation will post $0.72 EPS for the current year.

CHK has been the topic of several research reports. Macquarie downgraded shares of Chesapeake Energy Corporation from a “neutral” rating to an “underperform” rating and upped their price target for the company from $3.93 to $4.00 in a research note on Wednesday, June 21st. Vetr downgraded shares of Chesapeake Energy Corporation from a “strong-buy” rating to a “hold” rating and set a $4.67 price target on the stock. in a research note on Wednesday, June 21st. BidaskClub upgraded shares of Chesapeake Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 22nd. BMO Capital Markets restated a “hold” rating and issued a $3.00 price target on shares of Chesapeake Energy Corporation in a research note on Tuesday, June 27th. Finally, Scotiabank restated a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy Corporation in a research note on Friday, June 30th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.01.

In other news, Director R Brad Martin purchased 25,000 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $4.11 per share, with a total value of $102,750.00. Following the completion of the purchase, the director now directly owns 547,358 shares in the company, valued at $2,249,641.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

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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