Stelac Advisory Services LLC raised its position in shares of Chesapeake Energy Corporation (NYSE:CHK) by 37.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 80,000 shares of the oil and gas exploration company’s stock after buying an additional 21,800 shares during the period. Stelac Advisory Services LLC’s holdings in Chesapeake Energy Corporation were worth $398,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CHK. Harris Associates L P boosted its position in shares of Chesapeake Energy Corporation by 96.4% in the first quarter. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company’s stock worth $388,926,000 after buying an additional 32,145,200 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Chesapeake Energy Corporation by 8.3% in the first quarter. Vanguard Group Inc. now owns 91,145,308 shares of the oil and gas exploration company’s stock worth $541,403,000 after buying an additional 6,948,058 shares during the last quarter. State Street Corp boosted its position in shares of Chesapeake Energy Corporation by 6.0% in 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 during the last quarter. Schneider Capital Management Corp boosted its position in shares of Chesapeake Energy Corporation by 34.1% in the first quarter. Schneider Capital Management Corp now owns 7,534,855 shares of the oil and gas exploration company’s stock worth $44,757,000 after buying an additional 1,918,000 shares during the last quarter. Finally, James Investment Research Inc. boosted its position in shares of Chesapeake Energy Corporation by 3,211.0% in the second quarter. James Investment Research Inc. now owns 1,726,694 shares of the oil and gas exploration company’s stock worth $8,582,000 after buying an additional 1,674,544 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chesapeake Energy Corporation (CHK) traded down 0.628% during trading on Wednesday, reaching $3.955. 2,522,560 shares of the company’s stock traded hands. Chesapeake Energy Corporation has a 52-week low of $3.92 and a 52-week high of $8.20. The company’s market cap is $3.53 billion. The company’s 50-day moving average is $4.68 and its 200 day moving average is $5.32. Chesapeake Energy Corporation also saw unusually large options trading activity on Tuesday. Stock investors bought 29,147 call options on the stock. This is an increase of 143% compared to the average volume of 11,975 call options.

Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities analysts forecast that Chesapeake Energy Corporation will post $0.73 EPS for the current year.

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A number of equities analysts have recently weighed in on the stock. BidaskClub cut shares of Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday. BMO Capital Markets set a $3.00 price target on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Saturday. Stifel Nicolaus reissued a “buy” rating and set a $6.00 price target (down from $10.00) on shares of Chesapeake Energy Corporation in a research report on Friday, August 11th. Scotiabank set a $5.00 price target on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Vetr raised shares of Chesapeake Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $5.68 price target on the stock in a research report on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.55.

In other news, Director Thomas L. Ryan bought 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were bought at an average cost of $5.00 per share, with a total value of $375,000.00. Following the completion of the purchase, the director now directly owns 440,355 shares in the company, valued at $2,201,775. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the completion of the purchase, the director now owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 140,400 shares of company stock worth $675,770. 1.14% of the stock is owned by insiders.

About Chesapeake Energy Corporation

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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