SOL Capital Management CO grew its holdings in shares of Chesapeake Energy Corporation (NYSE:CHK) by 32.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,075 shares of the oil and gas exploration company’s stock after buying an additional 23,030 shares during the quarter. SOL Capital Management CO’s holdings in Chesapeake Energy Corporation were worth $409,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Chesapeake Energy Corporation by 19.3% during the 2nd 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 buying an additional 17,615,861 shares during the last quarter. State Street Corp raised its position in shares of Chesapeake Energy Corporation by 9.1% during the 2nd 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. Northern Trust Corp raised its position in shares of Chesapeake Energy Corporation by 5.6% during the 2nd quarter. Northern Trust Corp now owns 8,219,258 shares of the oil and gas exploration company’s stock valued at $40,850,000 after acquiring an additional 433,272 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Chesapeake Energy Corporation by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,381,244 shares of the oil and gas exploration company’s stock valued at $31,714,000 after acquiring an additional 209,142 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new stake in shares of Chesapeake Energy Corporation during the 2nd quarter valued at approximately $26,111,000. Institutional investors own 64.61% of the company’s stock.
In other Chesapeake Energy Corporation news, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was purchased 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 owns 547,358 shares in the company, valued at $2,249,641.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.14% of the stock is currently owned by insiders.
Chesapeake Energy Corporation (NYSE CHK) traded up 0.807% during trading on Tuesday, hitting $3.871. The company had a trading volume of 7,910,944 shares. The firm has a 50-day moving average of $4.00 and a 200 day moving average of $4.61. Chesapeake Energy Corporation has a 12-month low of $3.41 and a 12-month high of $8.20. The company’s market capitalization is $3.45 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 analysts’ consensus estimates 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 during 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 company’s revenue was up 40.6% on a year-over-year basis. On average, equities research analysts forecast that Chesapeake Energy Corporation will post $0.72 earnings per share for the current year.
Several research firms recently issued reports on CHK. Vetr lowered Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price target on the stock. in a research report on Tuesday, July 11th. Citigroup Inc. dropped their price target on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Imperial Capital began coverage on Chesapeake Energy Corporation in a research report on Tuesday, September 19th. They set an “in-line” rating and a $5.00 price target on the stock. ValuEngine raised Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy Corporation in a research report on Friday, July 21st. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.84.
About Chesapeake Energy Corporation
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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