Aperio Group LLC Lowers Position in Chesapeake Energy Corporation (CHK)

Aperio Group LLC trimmed its position in Chesapeake Energy Corporation (NYSE:CHK) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,650 shares of the oil and gas exploration company’s stock after selling 35,589 shares during the quarter. Aperio Group LLC’s holdings in Chesapeake Energy Corporation were worth $1,052,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Nationwide Fund Advisors increased its position in Chesapeake Energy Corporation by 9.0% in the third quarter. Nationwide Fund Advisors now owns 238,475 shares of the oil and gas exploration company’s stock worth $1,025,000 after purchasing an additional 19,739 shares during the period. Edge Wealth Management LLC increased its position in Chesapeake Energy Corporation by 4,000.0% in the third quarter. Edge Wealth Management LLC now owns 82,000 shares of the oil and gas exploration company’s stock worth $354,000 after purchasing an additional 80,000 shares during the period. State Treasurer State of Michigan increased its position in Chesapeake Energy Corporation by 8.9% in the third quarter. State Treasurer State of Michigan now owns 272,470 shares of the oil and gas exploration company’s stock worth $1,172,000 after purchasing an additional 22,285 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Chesapeake Energy Corporation by 37.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 128,743 shares of the oil and gas exploration company’s stock worth $554,000 after buying an additional 34,753 shares during the period. Finally, Shell Asset Management Co. acquired a new position in shares of Chesapeake Energy Corporation during the 3rd quarter worth about $2,041,000. Hedge funds and other institutional investors own 64.71% of the company’s stock.

Several equities analysts have recently issued reports on CHK shares. Piper Jaffray Companies set a $4.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, October 19th. Stifel Nicolaus restated a “buy” rating and set a $6.00 target price (down from $10.00) on shares of Chesapeake Energy Corporation in a research report on Friday, August 11th. Scotiabank set a $5.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. BidaskClub lowered Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, BMO Capital Markets set a $3.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.81.

Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at $4.02 on Friday. Chesapeake Energy Corporation has a 12 month low of $3.41 and a 12 month high of $8.20. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $3,652.92, a P/E ratio of 6.70 and a beta of 2.15.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Chesapeake Energy Corporation had a negative return on equity of 19.93% and a net margin of 2.77%. The business had revenue of $979.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business earned $0.09 EPS. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. research analysts forecast that Chesapeake Energy Corporation will post 0.74 earnings per share for the current year.

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

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