Utah Retirement Systems Boosts Holdings in Chesapeake Energy Corporation (NYSE:CHK)

Utah Retirement Systems increased its stake in Chesapeake Energy Corporation (NYSE:CHK) by 49.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,536 shares of the oil and gas exploration company’s stock after acquiring an additional 54,600 shares during the quarter. Utah Retirement Systems’ holdings in Chesapeake Energy Corporation were worth $823,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHK. Capstone Asset Management Co. lifted its stake in shares of Chesapeake Energy Corporation by 0.4% in the first quarter. Capstone Asset Management Co. now owns 39,943 shares of the oil and gas exploration company’s stock worth $237,000 after acquiring an additional 140 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Chesapeake Energy Corporation by 1.3% in the first quarter. Retirement Systems of Alabama now owns 368,210 shares of the oil and gas exploration company’s stock worth $2,187,000 after acquiring an additional 4,579 shares during the period. Nationwide Fund Advisors lifted its stake in shares of Chesapeake Energy Corporation by 18.4% in the first quarter. Nationwide Fund Advisors now owns 218,736 shares of the oil and gas exploration company’s stock worth $1,299,000 after acquiring an additional 33,956 shares during the period. Glen Harbor Capital Management LLC lifted its stake in shares of Chesapeake Energy Corporation by 25.4% in the first quarter. Glen Harbor Capital Management LLC now owns 47,296 shares of the oil and gas exploration company’s stock worth $281,000 after acquiring an additional 9,584 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Chesapeake Energy Corporation by 233.0% in the first quarter. Janney Montgomery Scott LLC now owns 34,837 shares of the oil and gas exploration company’s stock worth $207,000 after acquiring an additional 24,375 shares during the period. 64.46% of the stock is currently owned by institutional investors.

In other Chesapeake Energy Corporation news, Director R Brad Martin bought 20,400 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were acquired at an average cost of $4.55 per share, with a total value of $92,820.00. Following the purchase, the director now directly owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.14% of the company’s stock.

Chesapeake Energy Corporation (NYSE:CHK) opened at 4.00 on Monday. The stock’s market cap is $3.57 billion. Chesapeake Energy Corporation has a 12 month low of $3.55 and a 12 month high of $8.20. The stock’s 50 day moving average price is $4.05 and its 200-day moving average price is $4.96.

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, beating the Zacks’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted ($0.14) EPS. Chesapeake Energy Corporation’s quarterly revenue was up 40.6% compared to the same quarter last year. Analysts anticipate that Chesapeake Energy Corporation will post $0.76 EPS for the current fiscal year.

Several brokerages have issued reports on CHK. Vetr raised Chesapeake Energy Corporation from a “sell” rating to a “hold” rating and set a $4.80 price target on the stock in a research note on Wednesday, July 5th. Stifel Nicolaus reissued a “buy” rating on shares of Chesapeake Energy Corporation in a research note on Friday, July 21st. Wolfe Research began coverage on Chesapeake Energy Corporation in a research note on Thursday, June 15th. They issued a “market perform” rating and a $5.50 price target on the stock. ValuEngine lowered Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.42.

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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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