Chesapeake Energy Corp. (CHK) Shares Bought by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. raised its position in Chesapeake Energy Corp. (NYSE:CHK) by 3.5% during the second quarter, Holdings Channel reports. The institutional investor owned 66,570 shares of the oil and gas exploration company’s stock after buying an additional 2,252 shares during the period. Oppenheimer & Co. Inc.’s holdings in Chesapeake Energy Corp. were worth $284,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Franklin Resources Inc. raised its stake in Chesapeake Energy Corp. by 27.2% in the first quarter. Franklin Resources Inc. now owns 63,461,923 shares of the oil and gas exploration company’s stock worth $261,464,000 after buying an additional 13,572,132 shares in the last quarter. HBK Investments L P raised its stake in Chesapeake Energy Corp. by 119.5% in the first quarter. HBK Investments L P now owns 458,836 shares of the oil and gas exploration company’s stock worth $1,890,000 after buying an additional 2,807,042 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in Chesapeake Energy Corp. during the second quarter worth $7,076,000. Bank of New York Mellon Corp raised its stake in Chesapeake Energy Corp. by 29.7% in the second quarter. Bank of New York Mellon Corp now owns 5,990,564 shares of the oil and gas exploration company’s stock worth $25,640,000 after buying an additional 1,371,940 shares in the last quarter. Finally, Icon Advisers Inc. Co. acquired a new stake in Chesapeake Energy Corp. during the first quarter worth $3,315,000. Institutional investors own 63.89% of the company’s stock.
Shares of Chesapeake Energy Corp. (NYSE:CHK) traded up 1.98% on Wednesday, reaching $6.69. 34,948,967 shares of the company’s stock traded hands. Chesapeake Energy Corp. has a 12-month low of $1.50 and a 12-month high of $9.55. The stock has a 50-day moving average price of $6.21 and a 200-day moving average price of $5.10. The company’s market cap is $5.13 billion.
Chesapeake Energy Corp. (NYSE:CHK) last posted its quarterly earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. The company earned $1.62 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Chesapeake Energy Corp. had a negative return on equity of 16.16% and a negative net margin of 104.29%. The company’s quarterly revenue was down 53.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) EPS. Equities research analysts anticipate that Chesapeake Energy Corp. will post ($0.20) EPS for the current fiscal year.
Several equities research analysts have commented on the stock. Tudor Pickering raised shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Johnson Rice raised shares of Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a report on Tuesday, July 26th. Piper Jaffray Cos. raised shares of Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 price objective for the company in a report on Tuesday, July 12th. Vetr downgraded shares of Chesapeake Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $7.06 price objective for the company. in a report on Monday, August 29th. Finally, Zacks Investment Research raised shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Wednesday, July 27th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.94.
In other news, Director Thomas L. Ryan purchased 50,000 shares of the stock in a transaction dated Wednesday, August 17th. The shares were acquired at an average cost of $5.59 per share, for a total transaction of $279,500.00. Following the acquisition, the director now owns 246,269 shares of the company’s stock, valued at $1,376,643.71. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Archie W. Dunham purchased 350,000 shares of the stock in a transaction dated Monday, August 22nd. The stock was purchased at an average price of $6.07 per share, for a total transaction of $2,124,500.00. Following the completion of the acquisition, the director now directly owns 3,127,951 shares in the company, valued at approximately $18,986,662.57. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.
Chesapeake Energy Corp. Company Profile
Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.
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