Comerica Bank raised its position in Chesapeake Energy Corporation (NYSE:CHK) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,427 shares of the oil and gas exploration company’s stock after buying an additional 3,839 shares during the period. Comerica Bank’s holdings in Chesapeake Energy Corporation were worth $1,245,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Chesapeake Energy Corporation during the fourth quarter worth $56,791,000. State Street Corp raised its stake in Chesapeake Energy Corporation by 18.9% in the fourth quarter. State Street Corp now owns 41,308,984 shares of the oil and gas exploration company’s stock worth $289,984,000 after buying an additional 6,558,367 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Chesapeake Energy Corporation during the fourth quarter worth $16,613,000. Castleark Management LLC acquired a new stake in Chesapeake Energy Corporation during the fourth quarter worth $12,336,000. Finally, Janus Capital Management LLC raised its stake in Chesapeake Energy Corporation by 1,510.7% in the fourth quarter. Janus Capital Management LLC now owns 1,372,400 shares of the oil and gas exploration company’s stock worth $9,634,000 after buying an additional 1,287,193 shares during the last quarter. 64.94% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Chesapeake Energy Corporation (NYSE:CHK)

Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at 5.10 on Friday. Chesapeake Energy Corporation has a one year low of $3.93 and a one year high of $8.20. The stock’s market cap is $4.54 billion. The stock has a 50 day moving average of $5.30 and a 200 day moving average of $6.05.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.10 billion. Chesapeake Energy Corporation had a negative return on equity of 7.64% and a negative net margin of 35.84%. During the same quarter in the previous year, the firm earned ($0.10) EPS. On average, analysts forecast that Chesapeake Energy Corporation will post $0.85 EPS for the current year.

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A number of equities research analysts have weighed in on CHK shares. Stifel Nicolaus started coverage on shares of Chesapeake Energy Corporation in a report on Thursday, March 23rd. They set a “buy” rating and a $10.00 target price on the stock. ValuEngine raised shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Royal Bank Of Canada set a $7.00 price objective on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Monday, May 29th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Chesapeake Energy Corporation in a research note on Monday, May 1st. Finally, Jefferies Group LLC set a $6.00 price objective on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.25.

In related news, Director R Brad Martin purchased 20,000 shares of the stock in a transaction dated Friday, May 26th. The stock was purchased at an average price of $5.26 per share, with a total value of $105,200.00. Following the transaction, the director now directly owns 501,958 shares in the company, valued at $2,640,299.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas L. Ryan purchased 75,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was bought at an average cost of $5.00 per share, with a total value of $375,000.00. Following the transaction, the director now owns 440,355 shares in the company, valued at $2,201,775. The disclosure for this purchase can be found here. 1.10% of the stock is owned by 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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