Greylin Investment Mangement Inc. cut its position in Chesapeake Energy Co. (NYSE:CHK) by 29.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 245,080 shares of the oil and gas exploration company’s stock after selling 101,550 shares during the quarter. Greylin Investment Mangement Inc.’s holdings in Chesapeake Energy were worth $971,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC raised its stake in shares of Chesapeake Energy by 42.6% in the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 7,000 shares during the period. UBS Oconnor LLC bought a new stake in shares of Chesapeake Energy in the second quarter valued at $122,000. Gotham Asset Management LLC bought a new stake in shares of Chesapeake Energy in the second quarter valued at $126,000. Sapphire Star Partners LP purchased a new position in shares of Chesapeake Energy in the third quarter valued at $143,000. Finally, Thrivent Financial For Lutherans grew its position in shares of Chesapeake Energy by 4.2% in the second quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock valued at $149,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 63.89% of the company’s stock.
Chesapeake Energy Co. (NYSE:CHK) traded down $0.10 on Tuesday, hitting $4.19. The stock had a trading volume of 21,172,173 shares, compared to its average volume of 35,845,090. Chesapeake Energy Co. has a 1 year low of $3.41 and a 1 year high of $7.29. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $3,760.00, a PE ratio of -7.22 and a beta of 2.16.
Chesapeake Energy (NYSE:CHK) last released its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The company had revenue of $979.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $0.09 EPS. Chesapeake Energy’s revenue for the quarter was down 16.8% on a year-over-year basis. research analysts expect that Chesapeake Energy Co. will post 0.76 EPS for the current fiscal year.
CHK has been the subject of several recent research reports. Piper Jaffray Companies reduced their price target on Chesapeake Energy from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Imperial Capital initiated coverage on Chesapeake Energy in a research report on Tuesday, September 19th. They issued an “in-line” rating and a $5.00 price target for the company. Mizuho reiterated a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a research report on Friday, September 29th. ValuEngine upgraded Chesapeake Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Jefferies Group cut Chesapeake Energy from a “hold” rating to an “underperform” rating and reduced their price target for the company from $4.00 to $2.00 in a research report on Monday, October 9th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.29.
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About Chesapeake Energy
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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