Principal Financial Group Inc. grew its position in shares of Chesapeake Energy Corporation (NYSE:CHK) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,223,754 shares of the oil and gas exploration company’s stock after purchasing an additional 76,377 shares during the quarter. Principal Financial Group Inc. owned approximately 0.14% of Chesapeake Energy Corporation worth $6,082,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Amalgamated Bank lifted its stake in shares of Chesapeake Energy Corporation by 1.0% in the 1st quarter. Amalgamated Bank now owns 94,374 shares of the oil and gas exploration company’s stock valued at $561,000 after purchasing an additional 958 shares during the period. State Street Corp boosted its holdings in Chesapeake Energy Corporation by 6.0% during the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock worth $260,083,000 after buying an additional 2,476,711 shares in the last quarter. US Bancorp DE boosted its holdings in Chesapeake Energy Corporation by 26.3% during the first quarter. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company’s stock worth $221,000 after buying an additional 7,733 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Chesapeake Energy Corporation by 13.0% during the first quarter. Westwood Holdings Group Inc. now owns 4,379,718 shares of the oil and gas exploration company’s stock worth $26,015,000 after buying an additional 504,570 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in Chesapeake Energy Corporation during the first quarter worth $1,583,000. 64.56% of the stock is owned by hedge funds and other institutional investors.

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In other Chesapeake Energy Corporation news, Director R Brad Martin purchased 25,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the acquisition, the director now owns 547,358 shares of the company’s stock, valued at approximately $2,249,641.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.14% of the stock is currently owned by insiders.

Several analysts recently commented on CHK shares. ValuEngine lowered shares of Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Mizuho reiterated a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy Corporation in a research report on Friday. Scotiabank set a $5.00 price objective on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Vetr raised shares of Chesapeake Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $5.68 target price on the stock in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.17.

Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at 4.30 on Monday. The stock’s 50 day moving average is $3.99 and its 200 day moving average is $4.93. Chesapeake Energy Corporation has a 52-week low of $3.55 and a 52-week high of $8.20. The stock’s market cap is $3.83 billion.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The business 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 was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) earnings per share. On average, equities analysts expect that Chesapeake Energy Corporation will post $0.73 earnings per share for the current fiscal year.

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

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