The New Mexico Educational Retirement Board Sells 2,400 Shares of Chesapeake Energy Co. (CHK)

The New Mexico Educational Retirement Board Sells 2,400 Shares of Chesapeake Energy Co. (CHK)

Other hedge funds also recently modified their holdings of the company. Viking Global Investors LP bought a new stake in shares of Chesapeake Energy during the fourth quarter worth about $160,505,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Chesapeake Energy during the fourth quarter worth about $95,716,000. Allianz Asset Management AG increased its stake in shares of Chesapeake Energy 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 worth $59,824,000 after buying an additional 10,593,589 shares during the last quarter. Norges Bank acquired a new stake in shares of Chesapeake Energy during the fourth quarter worth about $56,791,000. Finally, State Street Corp increased its stake in shares of Chesapeake Energy 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 worth $289,984,000 after buying an additional 6,558,367 shares during the last quarter. 66.74% of the stock is owned by institutional investors and hedge funds.

New Mexico Educational Retirement Board cut its position in Chesapeake Energy Co. (NYSE:CHK) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,245 shares of the oil and gas exploration company’s stock after selling 2,400 shares during the period. New Mexico Educational Retirement Board’s holdings in Chesapeake Energy were worth $459,000 as of its most recent filing with the SEC.

Shares of Chesapeake Energy Co. (NYSE:CHK) opened at 4.96 on Monday. The stock’s market capitalization is $4.42 billion. The firm’s 50-day moving average price is $5.45 and its 200-day moving average price is $6.14. Chesapeake Energy Co. has a 52-week low of $3.93 and a 52-week high of $8.20.

Chesapeake Energy (NYSE:CHK) last issued its earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business earned ($0.10) EPS. Equities analysts forecast that Chesapeake Energy Co. will post $0.86 earnings per share for the current fiscal year. CHK has been the subject of a number of recent analyst reports. Credit Suisse Group AG reissued a “hold” rating and set a $7.00 price objective on shares of Chesapeake Energy in a research report on Sunday, February 5th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $7.00 target price on shares of Chesapeake Energy in a research report on Friday, February 24th. Wunderlich set a $10.00 target price on Chesapeake Energy and gave the company a “buy” rating in a research report on Sunday, February 26th. Deutsche Bank AG dropped their target price on Chesapeake Energy from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, March 7th. Finally, FBR & Co set a $5.00 target price on Chesapeake Energy and gave the company a “sell” rating in a research report on Saturday, March 11th. Three research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $7.25.

In other news, Director Archie W. Dunham acquired 500,000 shares of Chesapeake Energy stock in a transaction that occurred on Wednesday, March 8th. The stock was purchased at an average price of $5.24 per share, with a total value of $2,620,000.00. Following the completion of the transaction, the director now owns 4,637,717 shares in the company, valued at $24,301,637.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director R Brad Martin acquired 20,000 shares of Chesapeake Energy stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average cost of $5.26 per share, with a total value of $105,200.00. Following the transaction, the director now owns 501,958 shares of the company’s stock, valued at approximately $2,640,299.08. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 595,000 shares of company stock valued at $3,100,200. 1.10% of the stock is currently owned by insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CHK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment