Chesapeake Energy Co. (CHK) Position Raised by QS Investors LLC

QS Investors LLC increased its holdings in shares of Chesapeake Energy Co. (NYSE:CHK) by 58.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,389 shares of the oil and gas exploration company’s stock after acquiring an additional 41,700 shares during the period. QS Investors LLC’s holdings in Chesapeake Energy were worth $239,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sigma Planning Corp acquired a new position in Chesapeake Energy during the fourth quarter worth $25,000. Garrison Point Advisors LLC bought a new position in shares of Chesapeake Energy in the fourth quarter worth approximately $25,000. Bessemer Group Inc. increased its position in shares of Chesapeake Energy by 1,081.8% in the fourth quarter. Bessemer Group Inc. now owns 11,818 shares of the oil and gas exploration company’s stock worth $25,000 after purchasing an additional 10,818 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Chesapeake Energy in the fourth quarter worth approximately $27,000. Finally, Wealth Architects LLC bought a new position in shares of Chesapeake Energy in the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

In other news, major shareholder Ngp Energy Capital Management, sold 5,913,736 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $3.29, for a total transaction of $19,456,191.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

CHK has been the topic of several research analyst reports. Zacks Investment Research cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. MKM Partners set a $3.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Bank of America lowered Chesapeake Energy from a “neutral” rating to an “underperform” rating in a research note on Friday, January 4th. Raymond James set a $5.00 target price on Chesapeake Energy and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Capital One Financial lowered Chesapeake Energy from an “overweight” rating to an “underweight” rating in a research note on Thursday, December 20th. Nine equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $4.01.

Shares of NYSE:CHK traded down $0.10 during trading on Monday, reaching $3.07. 37,070,557 shares of the company traded hands, compared to its average volume of 46,585,309. The firm has a market cap of $5.17 billion, a PE ratio of 3.41, a price-to-earnings-growth ratio of 1.01 and a beta of 2.44. Chesapeake Energy Co. has a 52-week low of $1.71 and a 52-week high of $5.60.

Chesapeake Energy (NYSE:CHK) last released its quarterly earnings data on Wednesday, February 27th. The oil and gas exploration company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Chesapeake Energy had a negative return on equity of 58.05% and a net margin of 8.31%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, equities research analysts forecast that Chesapeake Energy Co. will post 0.58 EPS for the current fiscal year.

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Chesapeake Energy Company Profile

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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

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