Sheaff Brock Investment Advisors LLC lifted its stake in shares of Chesapeake Energy Corporation (NYSE:CHK) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,055 shares of the oil and gas exploration company’s stock after acquiring an additional 1,100 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Chesapeake Energy Corporation were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CHK. Vanguard Group Inc. increased its position in shares of 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 worth $541,403,000 after acquiring an additional 6,948,058 shares during the period. State Street Corp increased its position in shares of 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 worth $260,083,000 after acquiring an additional 2,476,711 shares during the period. Schneider Capital Management Corp increased its position in shares of 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 worth $44,757,000 after acquiring an additional 1,918,000 shares during the period. James Investment Research Inc. increased its position in shares of 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 worth $8,582,000 after acquiring an additional 1,674,544 shares during the period. Finally, KBC Group NV purchased a new stake in shares of Chesapeake Energy Corporation during the first quarter worth $7,727,000. 64.51% of the stock is currently owned by institutional investors and hedge funds.

CHK has been the topic of a number of recent research reports. Scotiabank set a $5.00 price objective on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Vetr raised Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 target price on the stock in a report on Monday, July 24th. Piper Jaffray Companies set a $6.00 target price on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Thursday, August 24th. Royal Bank Of Canada set a $7.00 target price on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Monday, May 29th. Finally, BidaskClub lowered Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.42.

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Chesapeake Energy Corporation (NYSE CHK) opened at 4.11 on Friday. Chesapeake Energy Corporation has a one year low of $3.55 and a one year high of $8.20. The stock’s market capitalization is $3.66 billion. The firm has a 50-day moving average of $4.08 and a 200-day moving average of $4.97.

Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings results 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 company had revenue of $2.28 billion during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.14) EPS. On average, equities research analysts forecast that Chesapeake Energy Corporation will post $0.76 earnings per share for the current year.

In related news, Director R Brad Martin purchased 25,000 shares of Chesapeake Energy Corporation stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $4.11 per share, with a total value of $102,750.00. Following the purchase, the director now owns 547,358 shares in the company, valued at approximately $2,249,641.38. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Chesapeake Energy Corporation 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.

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

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