Avantax Advisory Services Inc. Cuts Stock Position in Chesapeake Energy Co. (NASDAQ:CHK)

Avantax Advisory Services Inc. lowered its position in Chesapeake Energy Co. (NASDAQ:CHKFree Report) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,751 shares of the company’s stock after selling 753 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Chesapeake Energy were worth $582,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Belpointe Asset Management LLC boosted its stake in Chesapeake Energy by 478.3% during the first quarter. Belpointe Asset Management LLC now owns 347 shares of the company’s stock worth $26,000 after buying an additional 287 shares during the period. Private Trust Co. NA boosted its stake in Chesapeake Energy by 182.5% during the second quarter. Private Trust Co. NA now owns 339 shares of the company’s stock worth $28,000 after buying an additional 219 shares during the period. Parkside Financial Bank & Trust boosted its stake in Chesapeake Energy by 132.1% during the second quarter. Parkside Financial Bank & Trust now owns 362 shares of the company’s stock worth $30,000 after buying an additional 206 shares during the period. Salem Investment Counselors Inc. purchased a new position in Chesapeake Energy during the first quarter worth about $32,000. Finally, Gladius Capital Management LP purchased a new position in Chesapeake Energy during the third quarter worth about $36,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHK. StockNews.com cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. UBS Group increased their price target on shares of Chesapeake Energy from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Truist Financial increased their price target on shares of Chesapeake Energy from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Mizuho raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $96.00 to $104.00 in a research report on Friday, January 12th. Finally, Citigroup raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $82.00 to $95.00 in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $104.30.

Read Our Latest Stock Analysis on Chesapeake Energy

Chesapeake Energy Stock Down 0.6 %

Shares of NASDAQ:CHK opened at $76.83 on Friday. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 2.09, a price-to-earnings-growth ratio of 10.65 and a beta of 0.50. Chesapeake Energy Co. has a fifty-two week low of $69.68 and a fifty-two 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 price is $77.02 and its 200 day moving average price is $82.32.

About Chesapeake Energy

(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.

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

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