Magnus Financial Group LLC purchased a new stake in shares of Chesapeake Energy Co. (NYSE:CHK) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 67,132 shares of the oil and gas exploration company’s stock, valued at approximately $141,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sigma Planning Corp bought a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $25,000. Garrison Point Advisors LLC bought a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $25,000. Bessemer Group Inc. boosted its position in shares of Chesapeake Energy by 1,081.8% during the fourth quarter. Bessemer Group Inc. now owns 11,818 shares of the oil and gas exploration company’s stock valued at $25,000 after purchasing an additional 10,818 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $27,000. Finally, Wealth Architects LLC bought a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $28,000. Institutional investors own 58.81% of the company’s stock.

In other Chesapeake Energy news, insider Domenic J. Dell’osso, Jr. purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was purchased at an average price of $1.88 per share, for a total transaction of $94,000.00. Following the completion of the purchase, the insider now directly owns 1,403,283 shares of the company’s stock, valued at $2,638,172.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas L. Ryan purchased 200,000 shares of the firm’s stock in a transaction dated Monday, December 24th. The stock was acquired at an average price of $1.81 per share, with a total value of $362,000.00. Following the purchase, the director now directly owns 563,519 shares of the company’s stock, valued at $1,019,969.39. The disclosure for this purchase can be found here. Insiders bought 3,730,000 shares of company stock valued at $7,597,400 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Chesapeake Energy stock opened at $2.97 on Friday. Chesapeake Energy Co. has a 12 month low of $1.71 and a 12 month high of $5.60. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 3.30, a P/E/G ratio of 0.79 and a beta of 2.44.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Wednesday, February 27th. The oil and gas exploration company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Chesapeake Energy had a negative return on equity of 58.05% and a net margin of 8.31%. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts anticipate that Chesapeake Energy Co. will post 0.55 EPS for the current fiscal year.

CHK has been the topic of several analyst reports. MKM Partners initiated coverage on Chesapeake Energy in a report on Wednesday, December 5th. They issued a “neutral” rating and a $3.00 target price on the stock. Zacks Investment Research downgraded Chesapeake Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Bank of America downgraded Chesapeake Energy from a “neutral” rating to an “underperform” rating in a report on Friday, January 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $5.00 target price on shares of Chesapeake Energy in a report on Monday, November 19th. Finally, Capital One Financial downgraded Chesapeake Energy from an “overweight” rating to an “underweight” rating in a report on Thursday, December 20th. Nine equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.05.

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About Chesapeake Energy

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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

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