Chesapeake Energy Corporation (CHK) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in Chesapeake Energy Corporation (NYSE:CHK) by 57.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,364 shares of the oil and gas exploration company’s stock after purchasing an additional 25,683 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Chesapeake Energy Corporation were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Amalgamated Bank boosted its holdings in Chesapeake Energy Corporation by 1.0% in the first 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 in the last quarter. State Street Corp boosted its holdings in 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 valued at $260,083,000 after purchasing an additional 2,476,711 shares in the last quarter. US Bancorp DE boosted its holdings in Chesapeake Energy Corporation by 26.3% in the first quarter. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company’s stock valued at $221,000 after purchasing an additional 7,733 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Chesapeake Energy Corporation by 13.0% in the first quarter. Westwood Holdings Group Inc. now owns 4,379,718 shares of the oil and gas exploration company’s stock valued at $26,015,000 after purchasing an additional 504,570 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in Chesapeake Energy Corporation in the first quarter valued at approximately $1,583,000. 64.51% of the stock is owned by hedge funds and other institutional investors.

In other Chesapeake Energy Corporation news, Director R Brad Martin purchased 20,400 shares of Chesapeake Energy Corporation stock in a transaction on Friday, June 23rd. The stock was bought at an average price of $4.55 per share, for a total transaction of $92,820.00. Following the transaction, the director now owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.

A number of equities analysts recently issued reports on CHK shares. Citigroup Inc. lowered their price target on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Vetr raised Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 price target for the company in a report on Monday, July 24th. Royal Bank Of Canada set a $7.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Monday, May 29th. Tudor Pickering downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and upped their price target for the company from $3.76 to $4.00 in a report on Tuesday, September 5th. Finally, ValuEngine downgraded Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 29th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $6.42.

Chesapeake Energy Corporation (NYSE CHK) opened at 4.00 on Friday. The firm has a 50-day moving average price of $4.05 and a 200 day moving average price of $4.96. The stock’s market cap is $3.57 billion. Chesapeake Energy Corporation has a 52-week low of $3.55 and a 52-week high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted ($0.14) EPS. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts anticipate that Chesapeake Energy Corporation will post $0.76 earnings per share for the current year.

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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.

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

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