Oarsman Capital Inc. Has $985,000 Position in Chesapeake Energy Corporation (CHK)

Oarsman Capital Inc. boosted its stake in Chesapeake Energy Corporation (NYSE:CHK) by 23.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 165,800 shares of the oil and gas exploration company’s stock after buying an additional 31,825 shares during the period. Oarsman Capital Inc.’s holdings in Chesapeake Energy Corporation were worth $985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 valued at $388,926,000 after buying an additional 32,145,200 shares in the last quarter. State Street Corp boosted its position in shares of Chesapeake Energy Corporation by 18.9% in the fourth quarter. State Street Corp now owns 41,308,984 shares of the oil and gas exploration company’s stock valued at $289,984,000 after buying an additional 6,558,367 shares in the last quarter. Viking Global Investors LP purchased a new position in shares of Chesapeake Energy Corporation during the fourth quarter valued at about $160,505,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Chesapeake Energy Corporation during the fourth quarter valued at about $95,716,000. Finally, Allianz Asset Management AG boosted its position in shares of Chesapeake Energy Corporation by 511.4% in the fourth quarter. Allianz Asset Management AG now owns 8,521,908 shares of the oil and gas exploration company’s stock valued at $59,824,000 after buying an additional 10,593,589 shares in the last quarter. Hedge funds and other institutional investors own 64.94% of the company’s stock.

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

Chesapeake Energy Corporation (NYSE:CHK) opened at 5.10 on Friday. The company’s market cap is $4.54 billion. The stock’s 50 day moving average price is $5.30 and its 200-day moving average price is $6.05. Chesapeake Energy Corporation has a 52-week low of $3.93 and a 52-week high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.10 billion. Chesapeake Energy Corporation had a negative return on equity of 7.64% and a negative net margin of 35.84%. During the same quarter in the previous year, the business earned ($0.10) EPS. On average, equities analysts predict that Chesapeake Energy Corporation will post $0.85 earnings per share for the current fiscal year.

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Several research firms recently weighed in on CHK. Stifel Nicolaus began coverage on shares of Chesapeake Energy Corporation in a report on Thursday, March 23rd. They issued a “buy” rating and a $10.00 price target on the stock. ValuEngine upgraded shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. FBR & Co set a $5.00 price target on shares of Chesapeake Energy Corporation and gave the company a “sell” rating in a report on Saturday, March 11th. Royal Bank of Canada reiterated a “hold” rating and issued a $7.00 price target on shares of Chesapeake Energy Corporation in a report on Friday, February 24th. Finally, Bank of America Corporation reissued a “buy” rating on shares of Chesapeake Energy Corporation in a research report on Friday, May 12th. Three analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Chesapeake Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $7.25.

In related news, Director R Brad Martin bought 20,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average cost of $5.26 per share, with a total value of $105,200.00. Following the purchase, the director now directly owns 501,958 shares of the company’s stock, valued at approximately $2,640,299.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas L. Ryan bought 75,000 shares of the 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 disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

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.

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