State Board of Administration of Florida Retirement System cut its position in shares of Chesapeake Energy Co. (NASDAQ:CHK – Free Report) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,019 shares of the company’s stock after selling 4,410 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Chesapeake Energy were worth $10,953,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in CHK. Prelude Capital Management LLC boosted its holdings in Chesapeake Energy by 100.2% during the first quarter. Prelude Capital Management LLC now owns 10,014 shares of the company’s stock worth $871,000 after buying an additional 6,175,883 shares in the last quarter. Vanguard Group Inc. raised its position in Chesapeake Energy by 15.7% during the first quarter. Vanguard Group Inc. now owns 11,196,852 shares of the company’s stock worth $974,127,000 after acquiring an additional 1,517,281 shares during the period. Price T Rowe Associates Inc. MD raised its position in Chesapeake Energy by 3,273.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,462,502 shares of the company’s stock worth $138,016,000 after acquiring an additional 1,419,143 shares during the period. Clearbridge Investments LLC raised its position in Chesapeake Energy by 4,616.7% during the first quarter. Clearbridge Investments LLC now owns 1,396,744 shares of the company’s stock worth $121,517,000 after acquiring an additional 1,367,131 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in Chesapeake Energy during the second quarter worth $101,464,000. 97.93% of the stock is owned by hedge funds and other institutional investors.
Chesapeake Energy Price Performance
Shares of CHK stock opened at $77.56 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.56 and a quick ratio of 1.56. The firm’s 50-day moving average is $77.00 and its two-hundred day moving average is $82.28. Chesapeake Energy Co. has a 12 month low of $69.68 and a 12 month high of $91.00. The company has a market capitalization of $10.17 billion, a PE ratio of 2.11, a price-to-earnings-growth ratio of 10.59 and a beta of 0.50.
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About Chesapeake Energy
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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