New York State Teachers Retirement System decreased its holdings in shares of Chesapeake Energy Corporation (NYSE:CHK) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 893,159 shares of the oil and gas exploration company’s stock after selling 26,492 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Chesapeake Energy Corporation worth $3,841,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SOL Capital Management CO boosted its stake in shares of Chesapeake Energy Corporation by 32.0% during the 3rd quarter. SOL Capital Management CO now owns 95,075 shares of the oil and gas exploration company’s stock worth $409,000 after acquiring an additional 23,030 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Chesapeake Energy Corporation during the 3rd quarter worth approximately $170,000. Murphy Pohlad Asset Management LLC boosted its stake in shares of Chesapeake Energy Corporation by 13.8% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 122,200 shares of the oil and gas exploration company’s stock worth $525,000 after acquiring an additional 14,818 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Chesapeake Energy Corporation by 9.0% during the 3rd quarter. Nationwide Fund Advisors now owns 238,475 shares of the oil and gas exploration company’s stock worth $1,025,000 after acquiring an additional 19,739 shares in the last quarter. Finally, Edge Wealth Management LLC boosted its stake in shares of Chesapeake Energy Corporation by 4,000.0% during the 3rd quarter. Edge Wealth Management LLC now owns 82,000 shares of the oil and gas exploration company’s stock worth $354,000 after acquiring an additional 80,000 shares in the last quarter. Institutional investors own 64.55% of the company’s stock.

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Chesapeake Energy Corporation (NYSE:CHK) opened at $4.14 on Friday. Chesapeake Energy Corporation has a 52 week low of $3.41 and a 52 week high of $8.20. The firm has a market capitalization of $3,761.96, a price-to-earnings ratio of 6.90 and a beta of 2.15. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of -4.17.

Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $979.00 million for the quarter, compared to analyst estimates of $1.05 billion. Chesapeake Energy Corporation had a negative return on equity of 19.93% and a net margin of 2.77%. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. sell-side analysts expect that Chesapeake Energy Corporation will post 0.74 earnings per share for the current year.

Several equities research analysts have recently commented on the company. Scotiabank reissued a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy Corporation in a research note on Friday, November 3rd. Piper Jaffray Companies set a $4.00 price target on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, October 19th. Barclays PLC boosted their price target on Chesapeake Energy Corporation from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. BMO Capital Markets set a $3.00 price target on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Jefferies Group LLC lowered Chesapeake Energy Corporation from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $4.00 to $2.00 in a research note on Monday, October 9th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.77.

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.

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

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