Chesapeake Energy Corporation (CHK) Shares Sold by Columbia Partners L L C Investment Management
Columbia Partners L L C Investment Management decreased its position in shares of Chesapeake Energy Corporation (NYSE:CHK) by 28.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,651 shares of the oil and gas exploration company’s stock after selling 125,000 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Chesapeake Energy Corporation were worth $1,538,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Thrivent Financial For Lutherans boosted its stake in shares of Chesapeake Energy Corporation by 4.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock worth $149,000 after acquiring an additional 1,200 shares in the last quarter. Investment Centers of America Inc. lifted its stake in Chesapeake Energy Corporation by 78.4% in the 2nd quarter. Investment Centers of America Inc. now owns 32,370 shares of the oil and gas exploration company’s stock valued at $160,000 after buying an additional 14,223 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in Chesapeake Energy Corporation in the 2nd quarter valued at approximately $1,121,000. Amalgamated Bank lifted its stake in Chesapeake Energy Corporation by 82.4% in the 2nd quarter. Amalgamated Bank now owns 172,156 shares of the oil and gas exploration company’s stock valued at $856,000 after buying an additional 77,782 shares in the last quarter. Finally, Norinchukin Bank The lifted its stake in Chesapeake Energy Corporation by 6.9% in the 2nd quarter. Norinchukin Bank The now owns 52,934 shares of the oil and gas exploration company’s stock valued at $263,000 after buying an additional 3,435 shares in the last quarter. 64.46% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director R Brad Martin bought 20,400 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was bought at an average price 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.14% of the company’s stock.
A number of research firms recently issued reports on CHK. Imperial Capital began coverage on Chesapeake Energy Corporation in a research note on Tuesday. They issued an “in-line” rating and a $5.00 target price on the stock. Jefferies Group LLC set a $6.00 target price on Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Tuesday, June 6th. Macquarie lowered Chesapeake Energy Corporation from a “neutral” rating to an “underperform” rating and upped their target price for the company from $3.93 to $4.00 in a research note on Wednesday, June 21st. Vetr lowered Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 target price on the stock. in a research note on Tuesday, July 11th. Finally, Citigroup Inc. reduced their target price on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.29.
Shares of Chesapeake Energy Corporation (CHK) traded up 1.4579% during mid-day trading on Wednesday, reaching $4.0989. The company had a trading volume of 2,595,308 shares. Chesapeake Energy Corporation has a 52-week low of $3.55 and a 52-week high of $8.20. The company’s 50-day moving average is $3.99 and its 200 day moving average is $4.93. The stock’s market capitalization is $3.65 billion.
Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (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 analyst estimates of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) EPS. Analysts anticipate that Chesapeake Energy Corporation will post $0.76 EPS for the current fiscal year.
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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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