Columbia Partners L L C Investment Management trimmed its position in shares of Chesapeake Energy Co. (NYSE:CHK) by 65.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 106,451 shares of the oil and gas exploration company’s stock after selling 203,200 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Chesapeake Energy were worth $457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Chesapeake Energy by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock worth $282,000 after acquiring an additional 164 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Chesapeake Energy by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock worth $161,000 after acquiring an additional 226 shares during the last quarter. Cigna Investments Inc. New raised its holdings in shares of Chesapeake Energy by 0.9% in the second quarter. Cigna Investments Inc. New now owns 30,765 shares of the oil and gas exploration company’s stock worth $153,000 after acquiring an additional 281 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Chesapeake Energy by 0.6% in the second quarter. CIBC Asset Management Inc now owns 62,174 shares of the oil and gas exploration company’s stock worth $309,000 after acquiring an additional 381 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Chesapeake Energy by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 47,300 shares of the oil and gas exploration company’s stock worth $235,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 64.71% of the company’s stock.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a report on Tuesday, November 14th. Scotiabank reissued a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a report on Friday, November 3rd. Piper Jaffray Companies set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. Barclays PLC boosted their price target on Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Finally, Jefferies Group LLC cut Chesapeake Energy from a “hold” rating to an “underperform” rating and cut their price target for the stock from $4.00 to $2.00 in a report on Monday, October 9th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.81.

Shares of Chesapeake Energy Co. (NYSE CHK) traded up $0.17 during midday trading on Friday, hitting $4.02. The stock had a trading volume of 21,734,935 shares, compared to its average volume of 27,675,824. Chesapeake Energy Co. has a 52 week low of $3.41 and a 52 week high of $8.20. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $3,652.92, a P/E ratio of 6.70 and a beta of 2.15.

Chesapeake Energy (NYSE:CHK) last issued its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The company had revenue of $979.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company earned $0.09 EPS. Chesapeake Energy’s quarterly revenue was down 16.8% on a year-over-year basis. sell-side analysts expect that Chesapeake Energy Co. will post 0.74 earnings per share for the current fiscal year.

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Chesapeake Energy 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 (NYSE:CHK)

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