Chesapeake Energy (NASDAQ:CHKEL) Trading Down 4.7% – Should You Sell?

Shares of Chesapeake Energy Co. (NASDAQ:CHKEL) traded down 4.7% on Friday . The company traded as low as $68.01 and last traded at $68.01. 978 shares were traded during trading, a decline of 7% from the average session volume of 1,054 shares. The stock had previously closed at $71.34.

Chesapeake Energy Stock Performance

The stock’s 50 day moving average is $59.46 and its two-hundred day moving average is $66.02.

Institutional Trading of Chesapeake Energy

Large investors have recently made changes to their positions in the company. Warberg Asset Management LLC increased its stake in Chesapeake Energy by 27.7% in the second quarter. Warberg Asset Management LLC now owns 38,488 shares of the company’s stock valued at $2,521,000 after purchasing an additional 8,360 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Chesapeake Energy in the first quarter valued at approximately $569,000. Finally, Bluefin Capital Management LLC increased its stake in Chesapeake Energy by 0.4% in the first quarter. Bluefin Capital Management LLC now owns 1,212,683 shares of the company’s stock valued at $88,950,000 after purchasing an additional 5,167 shares during the last quarter.

About Chesapeake Energy

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.