Schwab Charles Investment Management Inc. boosted its position in Chesapeake Energy Corporation (NYSE:CHK) by 55.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,181,585 shares of the oil and gas exploration company’s stock after acquiring an additional 2,208,035 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.68% of Chesapeake Energy worth $26,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC purchased a new stake in Chesapeake Energy during the second quarter valued at about $984,000. Advisory Services Network LLC boosted its position in Chesapeake Energy by 42.6% during the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 7,000 shares during the period. UBS Oconnor LLC purchased a new stake in Chesapeake Energy during the second quarter valued at about $122,000. Gotham Asset Management LLC purchased a new stake in Chesapeake Energy during the second quarter valued at about $126,000. Finally, HRT Financial LLC purchased a new stake in Chesapeake Energy during the second quarter valued at about $131,000. 64.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at $3.81 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. Chesapeake Energy Corporation has a 1-year low of $3.41 and a 1-year high of $7.65. The company has a market cap of $3,480.27, a PE ratio of 6.38 and a beta of 2.13.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Chesapeake Energy had a net margin of 2.77% and a negative return on equity of 19.93%. The business had revenue of $979.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business posted $0.09 earnings per share. Chesapeake Energy’s quarterly revenue was down 16.8% compared to the same quarter last year. equities analysts anticipate that Chesapeake Energy Corporation will post 0.76 EPS for the current fiscal year.

Several analysts have issued reports on CHK shares. Piper Jaffray Companies set a $4.00 price target on shares of Chesapeake Energy and gave the company a “hold” rating in a research report on Thursday, October 19th. Credit Suisse Group started coverage on shares of Chesapeake Energy in a research report on Monday. They set an “underperform” rating and a $3.00 price target for the company. Scotiabank restated a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy in a research report on Friday, November 3rd. BMO Capital Markets set a $3.00 price target on shares of Chesapeake Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Barclays upped their price target on shares of Chesapeake Energy from $2.00 to $3.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Energy presently has a consensus rating of “Hold” and a consensus price target of $5.51.

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About Chesapeake Energy

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 (NYSE:CHK)

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