Moors & Cabot Inc. raised its holdings in shares of Chesapeake Energy Co. (NYSE:CHK) by 122.3% in the first quarter, HoldingsChannel reports. The firm owned 57,806 shares of the oil and gas exploration company’s stock after buying an additional 31,803 shares during the period. Moors & Cabot Inc.’s holdings in Chesapeake Energy were worth $182,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CHK. Nwam LLC boosted its position in Chesapeake Energy by 8.2% during the 4th quarter. Nwam LLC now owns 68,806 shares of the oil and gas exploration company’s stock valued at $144,000 after purchasing an additional 5,191 shares during the period. North Star Asset Management Inc. raised its stake in Chesapeake Energy by 0.7% during the 4th quarter. North Star Asset Management Inc. now owns 953,226 shares of the oil and gas exploration company’s stock valued at $2,002,000 after acquiring an additional 6,315 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Chesapeake Energy by 111.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 762,495 shares of the oil and gas exploration company’s stock valued at $363,000 after acquiring an additional 402,081 shares in the last quarter. Magnus Financial Group LLC bought a new stake in Chesapeake Energy during the 4th quarter valued at $141,000. Finally, SOL Capital Management CO raised its stake in Chesapeake Energy by 42.3% during the 4th quarter. SOL Capital Management CO now owns 137,365 shares of the oil and gas exploration company’s stock valued at $288,000 after acquiring an additional 40,800 shares in the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.

In related news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of Chesapeake Energy stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3.25, for a total value of $1,847,378.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Shares of NYSE CHK opened at $2.56 on Thursday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $3.92 billion, a P/E ratio of 2.84, a P/E/G ratio of 0.61 and a beta of 2.39. Chesapeake Energy Co. has a 52-week low of $1.71 and a 52-week high of $5.60.

Chesapeake Energy (NYSE:CHK) last issued its earnings results on Wednesday, May 8th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $1.13 billion. Chesapeake Energy had a negative return on equity of 138.70% and a net margin of 5.39%. The business’s revenue was down 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, research analysts expect that Chesapeake Energy Co. will post 0.63 EPS for the current fiscal year.

Several analysts have weighed in on the company. Citigroup lifted their target price on Chesapeake Energy from $2.50 to $3.50 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. TheStreet downgraded Chesapeake Energy from a “c” rating to a “d+” rating in a research note on Wednesday, May 8th. Guggenheim reissued a “neutral” rating on shares of Chesapeake Energy in a research note on Wednesday, April 17th. Goldman Sachs Group downgraded Chesapeake Energy from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $2.75 to $2.50 in a research note on Friday, April 12th. They noted that the move was a valuation call. Finally, SunTrust Banks reissued a “hold” rating on shares of Chesapeake Energy in a research note on Wednesday, May 8th. Ten equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Chesapeake Energy presently has a consensus rating of “Hold” and a consensus target price of $4.01.

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Chesapeake Energy Company Profile

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.

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

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