Oppenheimer & Co. Inc. Buys 8,896 Shares of Chesapeake Energy Co. (NASDAQ:CHK)

Oppenheimer & Co. Inc. boosted its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHKFree Report) by 138.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,344 shares of the company’s stock after acquiring an additional 8,896 shares during the period. Oppenheimer & Co. Inc.’s holdings in Chesapeake Energy were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its position in Chesapeake Energy by 9.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,400 shares of the company’s stock worth $1,155,000 after acquiring an additional 1,149 shares during the period. Adell Harriman & Carpenter Inc. grew its holdings in shares of Chesapeake Energy by 8.3% in the third quarter. Adell Harriman & Carpenter Inc. now owns 6,550 shares of the company’s stock valued at $565,000 after purchasing an additional 500 shares during the period. Chartwell Investment Partners LLC boosted its stake in Chesapeake Energy by 44.8% during the third quarter. Chartwell Investment Partners LLC now owns 135,695 shares of the company’s stock worth $11,701,000 after buying an additional 41,989 shares during the period. Quantbot Technologies LP boosted its stake in Chesapeake Energy by 167.6% during the third quarter. Quantbot Technologies LP now owns 21,966 shares of the company’s stock worth $1,894,000 after buying an additional 13,758 shares during the period. Finally, Ibex Wealth Advisors acquired a new stake in shares of Chesapeake Energy during the third quarter worth about $466,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Stock Performance

Shares of Chesapeake Energy stock opened at $76.03 on Wednesday. The firm has a market capitalization of $9.97 billion, a P/E ratio of 2.06, a P/E/G ratio of 10.55 and a beta of 0.50. Chesapeake Energy Co. has a 52 week low of $69.68 and a 52 week high of $91.00. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $77.23 and its two-hundred day moving average is $82.45.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CHK shares. Johnson Rice cut shares of Chesapeake Energy from a “buy” rating to an “accumulate” rating in a research report on Thursday, December 14th. TheStreet cut shares of Chesapeake Energy from a “b-” rating to a “c+” rating in a research report on Friday, December 29th. Benchmark reduced their target price on shares of Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, January 12th. Truist Financial raised their target price on shares of Chesapeake Energy from $110.00 to $112.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, StockNews.com cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.30.

Check Out Our Latest Stock Analysis on Chesapeake Energy

Chesapeake Energy Company Profile

(Free Report)

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States. 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.

Read More

Want to see what other hedge funds are holding CHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chesapeake Energy Co. (NASDAQ:CHKFree Report).

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

Receive News & Ratings for Chesapeake Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy and related companies with MarketBeat.com's FREE daily email newsletter.