Oregon Public Employees Retirement Fund held its stake in shares of Chesapeake Energy Corporation (NYSE:CHK) during the second quarter, Holdings Channel reports. The institutional investor owned 77,610 shares of the oil and gas exploration company’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Chesapeake Energy Corporation were worth $386,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. James Investment Research Inc. increased its stake in shares of Chesapeake Energy Corporation by 3,211.0% in the second quarter. James Investment Research Inc. now owns 1,726,694 shares of the oil and gas exploration company’s stock valued at $8,582,000 after buying an additional 1,674,544 shares during the period. Pennsylvania Trust Co purchased a new stake in shares of Chesapeake Energy Corporation during the second quarter valued at $1,244,000. Fox Run Management L.L.C. purchased a new stake in shares of Chesapeake Energy Corporation during the second quarter valued at $115,000. Parsons Capital Management Inc. RI increased its stake in shares of Chesapeake Energy Corporation by 11.6% in the first quarter. Parsons Capital Management Inc. RI now owns 117,691 shares of the oil and gas exploration company’s stock valued at $699,000 after buying an additional 12,250 shares during the period. Finally, North Star Asset Management Inc. increased its stake in shares of Chesapeake Energy Corporation by 11.4% in the first quarter. North Star Asset Management Inc. now owns 739,420 shares of the oil and gas exploration company’s stock valued at $4,392,000 after buying an additional 75,765 shares during the period. 64.73% of the stock is owned by institutional investors.

Chesapeake Energy Corporation (NYSE CHK) traded up 2.76% on Tuesday, hitting $4.47. 9,874,835 shares of the company were exchanged. Chesapeake Energy Corporation has a 52 week low of $4.34 and a 52 week high of $8.20. The firm’s 50 day moving average is $4.84 and its 200 day moving average is $5.50. The company’s market capitalization is $3.98 billion.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted ($0.14) earnings per share. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities research analysts forecast that Chesapeake Energy Corporation will post $0.78 earnings per share for the current fiscal year.

WARNING: This story was published by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/08/08/oregon-public-employees-retirement-fund-continues-to-hold-position-in-chesapeake-energy-corporation-nysechk.html.

Several brokerages recently issued reports on CHK. Scotiabank set a $5.00 target price on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a report on Thursday, August 3rd. Vetr upgraded shares of Chesapeake Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $5.68 target price on the stock in a report on Tuesday, August 1st. BidaskClub cut shares of Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Citigroup Inc. dropped their target price on shares of Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Finally, Stifel Nicolaus restated a “buy” rating on shares of Chesapeake Energy Corporation in a report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.74.

In related news, Director R Brad Martin acquired 20,000 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were acquired at an average cost of $5.26 per share, with a total value of $105,200.00. Following the completion of the acquisition, the director now directly owns 501,958 shares in the company, valued at approximately $2,640,299.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas L. Ryan acquired 75,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $5.00 per share, for a total transaction of $375,000.00. Following the completion of the acquisition, the director now owns 440,355 shares of the company’s stock, valued at $2,201,775. The disclosure for this purchase can be found here. Insiders have purchased 115,400 shares of company stock worth $573,020 over the last three months. 1.14% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding CHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chesapeake Energy Corporation (NYSE:CHK).

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

Receive News & Ratings for Chesapeake Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.