Cambridge Investment Research Advisors Inc. trimmed its position in shares of Chesapeake Energy Corporation (NYSE:CHK) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,803 shares of the oil and gas exploration company’s stock after selling 3,728 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Chesapeake Energy Corporation were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHK. Vanguard Group Inc. grew its holdings in Chesapeake Energy Corporation by 8.3% during the first quarter. Vanguard Group Inc. now owns 91,145,308 shares of the oil and gas exploration company’s stock valued at $541,403,000 after purchasing an additional 6,948,058 shares during the period. State Street Corp grew its holdings in Chesapeake Energy Corporation by 6.0% during the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock valued at $260,083,000 after purchasing an additional 2,476,711 shares during the period. Schneider Capital Management Corp grew its holdings in Chesapeake Energy Corporation by 34.1% during the first quarter. Schneider Capital Management Corp now owns 7,534,855 shares of the oil and gas exploration company’s stock valued at $44,757,000 after purchasing an additional 1,918,000 shares during the period. James Investment Research Inc. grew its holdings in Chesapeake Energy Corporation by 3,211.0% during 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 purchasing an additional 1,674,544 shares during the period. Finally, KBC Group NV bought a new position in Chesapeake Energy Corporation during the first quarter valued at $7,727,000. 64.51% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have weighed in on CHK. Jefferies Group LLC set a $6.00 price objective on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Tuesday, June 6th. Macquarie lowered Chesapeake Energy Corporation from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $3.93 to $4.00 in a report on Wednesday, June 21st. Vetr lowered Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price objective for the company. in a report on Tuesday, July 11th. Citigroup Inc. reduced their price objective on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Finally, BidaskClub raised Chesapeake Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, June 22nd. Four investment 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 stock currently has a consensus rating of “Hold” and an average target price of $6.42.

In other news, Director R Brad Martin bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $4.11 per share, with a total value of $102,750.00. Following the acquisition, the director now owns 547,358 shares of the company’s stock, valued at approximately $2,249,641.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Shares of Chesapeake Energy Corporation (CHK) opened at 3.94 on Thursday. Chesapeake Energy Corporation has a 52-week low of $3.55 and a 52-week high of $8.20. The stock’s market cap is $3.51 billion. The firm’s 50-day moving average price is $4.12 and its 200-day moving average price is $4.98.

Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. The company 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%. Chesapeake Energy Corporation’s quarterly 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) EPS. Equities analysts predict that Chesapeake Energy Corporation will post $0.76 EPS for the current year.

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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