Montgomery Investment Management Inc. Has $501,000 Stake in Chesapeake Energy Corporation (NYSE:CHK)

Montgomery Investment Management Inc. decreased its position in shares of Chesapeake Energy Corporation (NYSE:CHK) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,870 shares of the oil and gas exploration company’s stock after selling 3,300 shares during the period. Montgomery Investment Management Inc.’s holdings in Chesapeake Energy Corporation were worth $501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its stake in Chesapeake Energy Corporation by 0.4% in the first quarter. Capstone Asset Management Co. now owns 39,943 shares of the oil and gas exploration company’s stock valued at $237,000 after buying an additional 140 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Chesapeake Energy Corporation by 0.6% in the second quarter. CIBC Asset Management Inc now owns 62,174 shares of the oil and gas exploration company’s stock valued at $309,000 after buying an additional 381 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Chesapeake Energy Corporation by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 47,300 shares of the oil and gas exploration company’s stock valued at $235,000 after buying an additional 500 shares in the last quarter. Cleararc Capital Inc. boosted its stake in Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock valued at $111,000 after buying an additional 508 shares in the last quarter. Finally, FMR LLC boosted its stake in Chesapeake Energy Corporation by 0.3% in the first quarter. FMR LLC now owns 259,917 shares of the oil and gas exploration company’s stock valued at $1,544,000 after buying an additional 667 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Corporation (CHK) traded up 2.06% during midday trading on Friday, reaching $3.96. 35,126,024 shares of the company were exchanged. Chesapeake Energy Corporation has a 52 week low of $3.81 and a 52 week high of $8.20. The stock’s market capitalization is $3.53 billion. The firm’s 50 day moving average price is $4.60 and its 200-day moving average price is $5.28.

Chesapeake Energy Corporation (NYSE:CHK) last released its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. Chesapeake Energy Corporation’s revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. Equities analysts forecast that Chesapeake Energy Corporation will post $0.76 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/19/montgomery-investment-management-inc-sells-3300-shares-of-chesapeake-energy-corporation-nysechk-updated.html.

Several analysts have recently weighed in on CHK shares. ValuEngine upgraded shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Vetr raised shares of Chesapeake Energy Corporation from a “sell” rating to a “hold” rating and set a $4.80 target price on the stock in a report on Wednesday, July 5th. Bank of America Corporation reaffirmed a “buy” rating on shares of Chesapeake Energy Corporation in a report on Friday, May 12th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chesapeake Energy Corporation in a report on Friday, July 21st. Finally, FBR & Co reaffirmed a “sell” rating on shares of Chesapeake Energy Corporation in a report on Friday, May 5th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.55.

In related news, Director Thomas L. Ryan purchased 75,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average price of $5.00 per share, for a total transaction of $375,000.00. Following the completion of the purchase, the director now directly owns 440,355 shares of the company’s stock, valued at $2,201,775. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director R Brad Martin purchased 20,000 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were bought at an average price of $5.26 per share, with a total value of $105,200.00. Following the purchase, the director now directly owns 501,958 shares of the company’s stock, valued at $2,640,299.08. The disclosure for this purchase can be found here. Insiders purchased 140,400 shares of company stock valued at $675,770 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.

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

What are top analysts saying about Chesapeake Energy Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Chesapeake Energy Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit