Public Employees Retirement System of Ohio Holds Stake in Chesapeake Energy Corporation (CHK)

Public Employees Retirement System of Ohio held its stake in Chesapeake Energy Corporation (NYSE:CHK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 276,309 shares of the oil and gas exploration company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Chesapeake Energy Corporation were worth $1,641,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Putnam Investments LLC increased its stake in Chesapeake Energy Corporation by 6.9% in the fourth quarter. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company’s stock worth $108,000 after buying an additional 1,000 shares during the last quarter. Tiedemann Wealth Management LLC increased its stake in Chesapeake Energy Corporation by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 2,952 shares during the last quarter. Hollencrest Securities LLC increased its stake in Chesapeake Energy Corporation by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock worth $103,000 after buying an additional 1,000 shares during the last quarter. Cleararc Capital Inc. increased its stake in Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock worth $111,000 after buying an additional 508 shares during the last quarter. Finally, Cutler Capital Management LLC purchased a new stake in Chesapeake Energy Corporation during the first quarter worth $142,000. Institutional investors own 64.73% of the company’s stock.

Shares of Chesapeake Energy Corporation (NYSE CHK) opened at 4.14 on Friday. Chesapeake Energy Corporation has a 52 week low of $4.05 and a 52 week high of $8.20. The company has a 50-day moving average price of $4.71 and a 200 day moving average price of $5.39. The stock’s market capitalization is $3.69 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 for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 16.10% and a negative net margin of 9.52%. Chesapeake Energy Corporation’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) EPS. Equities analysts forecast that Chesapeake Energy Corporation will post $0.76 EPS for the current fiscal year.

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A number of analysts recently weighed in on the company. BMO Capital Markets set a $3.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Saturday. ValuEngine downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Vetr downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and set a $5.23 target price for the company. in a research report on Monday, July 31st. Scotiabank set a $5.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Chesapeake Energy Corporation in a research report on Friday. 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 assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.55.

In related news, Director Thomas L. Ryan purchased 75,000 shares of Chesapeake Energy Corporation stock in a transaction dated Wednesday, May 31st. The stock was purchased 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 approximately $2,201,775. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director R Brad Martin bought 20,400 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average price of $4.55 per share, for a total transaction of $92,820.00. Following the completion of the purchase, the director now owns 522,358 shares in the company, valued at $2,376,728.90. The disclosure for this purchase can be found here. Over the last three months, insiders bought 115,400 shares of company stock valued at $573,020. Corporate insiders own 1.10% of the company’s stock.

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.

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

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