Chesapeake Energy Co. (CHK) Position Raised by Creative Planning

Creative Planning boosted its stake in Chesapeake Energy Co. (NYSE:CHK) by 58.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,762,031 shares of the oil and gas exploration company’s stock after purchasing an additional 646,642 shares during the quarter. Creative Planning owned about 0.19% of Chesapeake Energy worth $6,978,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in Chesapeake Energy by 23.0% in the third quarter. Toronto Dominion Bank now owns 306,340 shares of the oil and gas exploration company’s stock valued at $1,317,000 after purchasing an additional 57,315 shares during the period. Commonwealth Equity Services Inc grew its holdings in Chesapeake Energy by 20.9% in the third quarter. Commonwealth Equity Services Inc now owns 361,245 shares of the oil and gas exploration company’s stock valued at $1,553,000 after purchasing an additional 62,557 shares during the period. Chevy Chase Trust Holdings Inc. grew its holdings in Chesapeake Energy by 20.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 791,989 shares of the oil and gas exploration company’s stock valued at $3,405,000 after purchasing an additional 134,861 shares during the period. Public Employees Retirement System of Ohio grew its stake in Chesapeake Energy by 45.9% during the second quarter. Public Employees Retirement System of Ohio now owns 403,219 shares of the oil and gas exploration company’s stock worth $2,004,000 after buying an additional 126,910 shares during the period. Finally, BlueCrest Capital Management Ltd grew its stake in Chesapeake Energy by 341.2% during the second quarter. BlueCrest Capital Management Ltd now owns 582,336 shares of the oil and gas exploration company’s stock worth $2,894,000 after buying an additional 450,336 shares during the period. Hedge funds and other institutional investors own 63.89% of the company’s stock.

CHK has been the subject of several research reports. Mizuho reiterated a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research note on Friday, September 29th. ValuEngine upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group downgraded shares of Chesapeake Energy from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $4.00 to $2.00 in a research note on Monday, October 9th. BMO Capital Markets set a $3.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Barclays boosted their price objective on shares of Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.29.

Chesapeake Energy Co. (NYSE:CHK) opened at $3.99 on Friday. The firm has a market cap of $3,630.00, a price-to-earnings ratio of -6.88 and a beta of 2.16. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. Chesapeake Energy Co. has a 52 week low of $3.41 and a 52 week high of $7.29.

Chesapeake Energy (NYSE:CHK) last announced its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy had a net margin of 2.77% and a negative return on equity of 19.93%. The business’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. analysts anticipate that Chesapeake Energy Co. will post 0.76 EPS for the current fiscal year.

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

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