Chesapeake Energy Corporation (CHK) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of Chesapeake Energy Corporation (NYSE:CHK) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,481,220 shares of the oil and gas exploration company’s stock after selling 12,802 shares during the period. Mackenzie Financial Corp owned 1.04% of Chesapeake Energy worth $40,769,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Chesapeake Energy by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock valued at $282,000 after purchasing an additional 164 shares in the last quarter. Exencial Wealth Advisors LLC boosted its position in shares of Chesapeake Energy by 0.7% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock valued at $161,000 after purchasing an additional 226 shares in the last quarter. Cigna Investments Inc. New boosted its position in shares of Chesapeake Energy by 0.9% during the 2nd quarter. Cigna Investments Inc. New now owns 30,765 shares of the oil and gas exploration company’s stock valued at $153,000 after purchasing an additional 281 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Chesapeake Energy by 0.6% during the 2nd quarter. CIBC Asset Management Inc now owns 62,174 shares of the oil and gas exploration company’s stock valued at $309,000 after purchasing an additional 381 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Chesapeake Energy by 1.1% during the 2nd 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 purchasing an additional 500 shares in the last quarter. Institutional investors own 64.03% of the company’s stock.

Several equities research analysts recently commented on the company. ValuEngine upgraded Chesapeake Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho reiterated a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a report on Friday, September 29th. Jefferies Group lowered Chesapeake Energy from a “hold” rating to an “underperform” rating and cut their price target for the stock from $4.00 to $2.00 in a report on Monday, October 9th. BMO Capital Markets set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a report on Tuesday, November 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 price target (down previously from $10.00) on shares of Chesapeake Energy in a report on Friday, August 11th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.69.

Shares of Chesapeake Energy Corporation (NYSE CHK) opened at $3.87 on Wednesday. The company has a market capitalization of $3,589.31, a P/E ratio of 6.58 and a beta of 2.13. Chesapeake Energy Corporation has a 52 week low of $3.41 and a 52 week high of $8.20. 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 (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 consensus estimate of $0.10 by $0.02. The firm had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The company’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. equities research analysts predict that Chesapeake Energy Corporation will post 0.75 EPS for the current year.

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Chesapeake Energy 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.

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

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