Chesapeake Energy Co. (CHK) Stake Decreased by Public Employees Retirement System of Ohio

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Public Employees Retirement System of Ohio trimmed its position in shares of Chesapeake Energy Co. (NYSE:CHK) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,882 shares of the oil and gas exploration company’s stock after selling 53,147 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Chesapeake Energy were worth $821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Chesapeake Energy by 1.1% during the third quarter. Vanguard Group Inc. now owns 78,461,187 shares of the oil and gas exploration company’s stock worth $352,290,000 after purchasing an additional 864,212 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Chesapeake Energy by 1.1% during the third quarter. Vanguard Group Inc now owns 78,461,187 shares of the oil and gas exploration company’s stock worth $352,290,000 after purchasing an additional 864,212 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chesapeake Energy by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,431,670 shares of the oil and gas exploration company’s stock worth $26,109,000 after purchasing an additional 693,504 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Chesapeake Energy by 21.9% during the fourth quarter. Bank of New York Mellon Corp now owns 11,945,420 shares of the oil and gas exploration company’s stock worth $25,085,000 after purchasing an additional 2,146,047 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Chesapeake Energy by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 9,217,962 shares of the oil and gas exploration company’s stock worth $19,357,000 after purchasing an additional 458,983 shares in the last quarter. 58.81% of the stock is currently owned by institutional investors.

CHK opened at $3.17 on Monday. The firm has a market capitalization of $5.43 billion, a P/E ratio of 3.52, a P/E/G ratio of 1.01 and a beta of 2.44. Chesapeake Energy Co. has a 12 month low of $1.71 and a 12 month high of $5.60.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Wednesday, February 27th. The oil and gas exploration company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Chesapeake Energy had a net margin of 8.31% and a negative return on equity of 58.05%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. On average, equities analysts predict that Chesapeake Energy Co. will post 0.58 earnings per share for the current fiscal year.

In related news, major shareholder Ngp Energy Capital Management, sold 5,913,736 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $3.29, for a total value of $19,456,191.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

A number of brokerages have recently weighed in on CHK. Zacks Investment Research cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. MKM Partners set a $3.00 price target on shares of Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Goldman Sachs Group cut shares of Chesapeake Energy from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $2.75 to $2.50 in a research report on Friday. They noted that the move was a valuation call. Capital One Financial cut shares of Chesapeake Energy from an “overweight” rating to an “underweight” rating in a research report on Thursday, December 20th. Finally, Raymond James set a $5.00 price target on shares of Chesapeake Energy and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Nine analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $4.01.

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Chesapeake Energy Profile

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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

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