Blair William & Co. IL Buys 2,800 Shares of Chesapeake Energy Corporation (CHK)

Blair William & Co. IL increased its stake in Chesapeake Energy Corporation (NYSE:CHK) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,469 shares of the oil and gas exploration company’s stock after buying an additional 2,800 shares during the period. Blair William & Co. IL’s holdings in Chesapeake Energy Corporation were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Capstone Asset Management Co. grew its stake in shares of Chesapeake Energy Corporation by 0.4% in the 1st quarter. Capstone Asset Management Co. now owns 39,943 shares of the oil and gas exploration company’s stock worth $237,000 after buying an additional 140 shares during the last quarter. Cigna Investments Inc. New grew its stake in shares of Chesapeake Energy Corporation by 0.9% in the 2nd quarter. Cigna Investments Inc. New now owns 30,765 shares of the oil and gas exploration company’s stock worth $153,000 after buying an additional 281 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Chesapeake Energy Corporation by 0.6% in the 2nd quarter. CIBC Asset Management Inc now owns 62,174 shares of the oil and gas exploration company’s stock worth $309,000 after buying an additional 381 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Chesapeake Energy Corporation by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 47,300 shares of the oil and gas exploration company’s stock worth $235,000 after buying an additional 500 shares during the last quarter. Finally, Cleararc Capital Inc. grew its stake in shares of Chesapeake Energy Corporation by 2.8% in the 1st quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock worth $111,000 after buying an additional 508 shares during the last quarter. Institutional investors own 64.51% of the company’s stock.

Shares of Chesapeake Energy Corporation (NYSE CHK) opened at 3.64 on Monday. The company’s market capitalization is $3.24 billion. Chesapeake Energy Corporation has a 12-month low of $3.55 and a 12-month high of $8.20. The firm’s 50-day moving average price is $4.18 and its 200-day moving average price is $5.03.

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

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Several analysts have commented on CHK shares. BMO Capital Markets reiterated a “hold” rating and set a $6.00 target price on shares of Chesapeake Energy Corporation in a research note on Monday, May 15th. FBR & Co reiterated a “sell” rating on shares of Chesapeake Energy Corporation in a research note on Monday, May 15th. Scotiabank reiterated a “hold” rating and set a $6.00 target price on shares of Chesapeake Energy Corporation in a research note on Monday, May 15th. ValuEngine downgraded Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research note on Monday, May 29th. Finally, Royal Bank Of Canada set a $7.00 target price on Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Monday, May 29th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.42.

In other news, Director R Brad Martin acquired 25,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the completion of the transaction, the director now owns 547,358 shares in the company, valued at approximately $2,249,641.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.14% of the company’s stock.

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.

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

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