High River Limited Partnership disclosed that they own a 4.6% stake in Chesapeake Energy Corp. (NYSE:CHK) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Monday, September 19th. The investor owns 28,275,198 shares of the stock valued at about $192,554,098. The reporting parties listed on the disclosure included High River Limited Partnership, Hopper Investments LLC, Barberry Corp, Icahn Partners Master Fund LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, Iph Gp LLC, Icahn Enterprises Holdings LP, Icahn Enterprises GP Inc and Beckton Corp. The disclosure is available through the SEC website at this hyperlink.

A number of other large investors have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. increased its position in shares of Chesapeake Energy Corp. by 4.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 436,587 shares of the oil and gas exploration company’s stock valued at $1,798,000 after buying an additional 18,485 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Chesapeake Energy Corp. by 6.6% in the first quarter. Prudential Financial Inc. now owns 683,801 shares of the oil and gas exploration company’s stock valued at $2,817,000 after buying an additional 42,503 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Chesapeake Energy Corp. by 37.5% in the first quarter. TIAA CREF Investment Management LLC now owns 1,617,988 shares of the oil and gas exploration company’s stock valued at $6,666,000 after buying an additional 441,582 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Chesapeake Energy Corp. by 17.6% in the second quarter. California Public Employees Retirement System now owns 4,892,674 shares of the oil and gas exploration company’s stock valued at $20,941,000 after buying an additional 730,500 shares in the last quarter. Finally, HBK Investments L P increased its position in shares of 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 valued at $1,890,000 after buying an additional 2,807,042 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Shares of Chesapeake Energy Corp. (NYSE:CHK) traded down 7.35% during midday trading on Monday, reaching $6.81. 115,361,265 shares of the company were exchanged. The firm has a 50-day moving average of $5.96 and a 200 day moving average of $4.98. The firm’s market capitalization is $5.22 billion. Chesapeake Energy Corp. has a 52 week low of $1.50 and a 52 week high of $9.55.

Chesapeake Energy Corp. (NYSE:CHK) last issued its quarterly earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) EPS for the quarter, missing the 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%. Chesapeake Energy Corp.’s revenue was down 53.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) EPS. On average, equities research analysts expect that Chesapeake Energy Corp. will post ($0.20) EPS for the current year.

CHK has been the topic of a number of research analyst reports. Vetr upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $11.30 price objective on the stock in a research report on Monday, September 12th. Johnson Rice upgraded shares of Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a research report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Wednesday, July 27th. Capital One Financial Corp. upgraded shares of Chesapeake Energy Corp. from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, August 16th. Finally, Deutsche Bank AG increased their price objective on shares of Chesapeake Energy Corp. from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Thursday, August 18th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Chesapeake Energy Corp. has an average rating of “Hold” and an average price target of $6.94.

In other Chesapeake Energy Corp. news, Director Thomas L. Ryan bought 50,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was acquired at an average price of $5.59 per share, with a total value of $279,500.00. Following the completion of the acquisition, the director now directly owns 246,269 shares of the company’s stock, valued at $1,376,643.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Archie W. Dunham bought 350,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were acquired at an average cost of $6.07 per share, with a total value of $2,124,500.00. Following the acquisition, the director now directly owns 3,127,951 shares of the company’s stock, valued at $18,986,662.57. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

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.

5 Day Chart for NYSE:CHK

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