Keybank National Association OH cut its stake in Chesapeake Energy Corporation (NYSE:CHK) by 25.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,660 shares of the oil and gas exploration company’s stock after selling 17,655 shares during the quarter. Keybank National Association OH’s holdings in Chesapeake Energy Corporation were worth $252,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Amalgamated Bank lifted 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 acquiring an additional 958 shares during the period. State Street Corp lifted 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 acquiring an additional 2,476,711 shares during the period. US Bancorp DE lifted 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 acquiring an additional 7,733 shares during the period. Westwood Holdings Group Inc. lifted 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 acquiring an additional 504,570 shares during the period. 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 institutional investors.
In related news, Director R Brad Martin purchased 25,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $4.11 per share, with a total value of $102,750.00. Following the completion of the transaction, the director now owns 547,358 shares of the company’s stock, valued at approximately $2,249,641.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.
Chesapeake Energy Corporation (CHK) opened at 4.00 on Friday. The firm’s 50-day moving average price is $4.05 and its 200-day moving average price is $4.96. Chesapeake Energy Corporation has a 1-year low of $3.55 and a 1-year high of $8.20. The firm’s market cap is $3.57 billion.
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 for the quarter, beating the 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 firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted ($0.14) EPS. Chesapeake Energy Corporation’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities research analysts anticipate that Chesapeake Energy Corporation will post $0.76 earnings per share for the current year.
CHK has been the subject of a number of analyst reports. Citigroup Inc. decreased 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. ValuEngine downgraded Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 29th. Finally, Tudor Pickering downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and boosted their price target for the company from $3.76 to $4.00 in a report on Tuesday, September 5th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.42.
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.
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