Chesapeake Energy Corporation (CHK) Holdings Decreased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI decreased its stake in shares of Chesapeake Energy Corporation (NYSE:CHK) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 515,558 shares of the oil and gas exploration company’s stock after selling 92,114 shares during the quarter. Commerzbank Aktiengesellschaft FI owned about 0.06% of Chesapeake Energy worth $2,217,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 worth $282,000 after purchasing an additional 164 shares during the last quarter. Exencial Wealth Advisors LLC increased 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 worth $161,000 after purchasing an additional 226 shares during the last quarter. Cigna Investments Inc. New increased 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 worth $153,000 after purchasing an additional 281 shares during the last quarter. CIBC Asset Management Inc increased 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 worth $309,000 after purchasing an additional 381 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased 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 worth $235,000 after purchasing an additional 500 shares during the last quarter. 64.03% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on CHK. Scotiabank set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. BMO Capital Markets set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Piper Jaffray Companies set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a research report on Thursday, October 19th. Barclays boosted their price target on Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Finally, Jefferies Group downgraded Chesapeake Energy from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $4.00 to $2.00 in a research note on Monday, October 9th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.69.

Shares of Chesapeake Energy Corporation (NYSE CHK) opened at $3.87 on Wednesday. The stock has a market capitalization of $3,589.31, a price-to-earnings ratio of 6.58 and a beta of 2.13. Chesapeake Energy Corporation has a one year low of $3.41 and a one year 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 released its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business 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 firm’s quarterly revenue was down 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. equities analysts predict that Chesapeake Energy Corporation will post 0.75 earnings per share for the current fiscal 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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