Janney Montgomery Scott LLC decreased its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHK – Free 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
Chesapeake Energy Company Profile
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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