Stoneridge Investment Partners LLC Reduces Stake in Chesapeake Energy Corporation (NYSE:CHK)

Stoneridge Investment Partners LLC lowered its position in Chesapeake Energy Corporation (NYSE:CHK) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340,450 shares of the oil and gas exploration company’s stock after selling 22,198 shares during the period. Stoneridge Investment Partners LLC’s holdings in Chesapeake Energy Corporation were worth $1,692,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CHK. Tiedemann Wealth Management LLC raised its position in shares of Chesapeake Energy Corporation by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 2,952 shares during the last quarter. Hollencrest Securities LLC raised its position in shares of Chesapeake Energy Corporation by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock worth $103,000 after buying an additional 1,000 shares during the last quarter. Cleararc Capital Inc. raised its position in shares of Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock worth $111,000 after buying an additional 508 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Chesapeake Energy Corporation during the second quarter worth $115,000. Finally, Cutler Capital Management LLC purchased a new position in shares of Chesapeake Energy Corporation during the first quarter worth $142,000. 64.73% of the stock is currently owned by institutional investors.

Chesapeake Energy Corporation (CHK) opened at 4.37 on Thursday. Chesapeake Energy Corporation has a 1-year low of $4.31 and a 1-year high of $8.20. The company’s market cap is $3.89 billion. The stock’s 50 day moving average price is $4.74 and its 200 day moving average price is $5.42.

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

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A number of equities analysts have recently weighed in on the company. Vetr lowered Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and set a $5.23 target price on the stock. in a research report on Monday, July 31st. ValuEngine lowered Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Scotiabank set a $5.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC set a $6.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a research report on Tuesday, June 6th. Finally, BidaskClub lowered Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Chesapeake Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $6.74.

In related news, Director R Brad Martin purchased 20,000 shares of Chesapeake Energy Corporation stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $5.26 per share, for a total transaction of $105,200.00. Following the completion of the transaction, the director now directly owns 501,958 shares in the company, valued at approximately $2,640,299.08. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas L. Ryan purchased 75,000 shares of Chesapeake Energy Corporation stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of $5.00 per share, with a total value of $375,000.00. Following the transaction, 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. In the last quarter, insiders have purchased 115,400 shares of company stock valued at $573,020. 1.10% of the stock is owned by company insiders.

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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