Janney Montgomery Scott LLC Has $5.70 Million Stock Position in Chesapeake Energy Co. (NASDAQ:CHK)

Janney Montgomery Scott LLC decreased its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHKFree Report) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,057 shares of the company’s stock after selling 150 shares during the period. Janney Montgomery Scott LLC owned 0.05% of Chesapeake Energy worth $5,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Chesapeake Energy by 15.7% during the 1st quarter. Vanguard Group Inc. now owns 11,196,852 shares of the company’s stock valued at $974,127,000 after purchasing an additional 1,517,281 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Chesapeake Energy by 0.7% in the first quarter. Wellington Management Group LLP now owns 4,649,011 shares of the company’s stock worth $404,465,000 after acquiring an additional 33,353 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Chesapeake Energy by 29.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,104,685 shares of the company’s stock worth $353,947,000 after acquiring an additional 936,169 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Chesapeake Energy by 15.2% in the third quarter. Bank of New York Mellon Corp now owns 3,235,870 shares of the company’s stock worth $279,029,000 after acquiring an additional 427,181 shares in the last quarter. Finally, Kimmeridge Energy Management Company LLC boosted its holdings in Chesapeake Energy by 16.2% in the third quarter. Kimmeridge Energy Management Company LLC now owns 3,153,879 shares of the company’s stock worth $271,959,000 after acquiring an additional 439,186 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Stock Performance

Shares of CHK opened at $77.56 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of 2.11, a PEG ratio of 10.59 and a beta of 0.50. The stock has a 50 day moving average of $77.00 and a 200 day moving average of $82.28. Chesapeake Energy Co. has a 12 month low of $69.68 and a 12 month high of $91.00.

Wall Street Analyst Weigh In

CHK has been the topic of several recent research reports. TheStreet lowered Chesapeake Energy from a “b-” rating to a “c+” rating in a report on Friday, December 29th. UBS Group increased their price target on Chesapeake Energy from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. StockNews.com lowered Chesapeake Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Johnson Rice lowered Chesapeake Energy from a “buy” rating to an “accumulate” rating in a report on Thursday, December 14th. Finally, Citigroup raised Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $82.00 to $95.00 in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $104.30.

Read Our Latest Report on CHK

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

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.