The Teacher Retirement System of Texas reaches $353,000 position of Chesapeake Energy Corp. (CHK)

The Teacher Retirement System of Texas reaches $353,000 position  of Chesapeake Energy Corp. (CHK)

Teacher Retirement System of Texas boosted its position in shares of Chesapeake Energy Corp. (NYSE:CHK) by 12.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,493 shares of the oil and gas exploration company’s stock after buying an additional 9,385 shares during the period. Teacher Retirement System of Texas’ holdings in Chesapeake Energy Corp. were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CHK. HBK Investments L P raised its stake in Chesapeake Energy Corp. by 119.5% in the first quarter. HBK Investments L P now owns 458,836 shares of the oil and gas exploration company’s stock worth $1,890,000 after buying an additional 2,807,042 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in Chesapeake Energy Corp. during the second quarter worth $7,076,000. Bank of New York Mellon Corp raised its stake in Chesapeake Energy Corp. by 29.7% in the second quarter. Bank of New York Mellon Corp now owns 5,990,564 shares of the oil and gas exploration company’s stock worth $25,640,000 after buying an additional 1,371,940 shares in the last quarter. California Public Employees Retirement System raised its stake in Chesapeake Energy Corp. by 17.6% in the second quarter. California Public Employees Retirement System now owns 4,892,674 shares of the oil and gas exploration company’s stock worth $20,941,000 after buying an additional 730,500 shares in the last quarter. Finally, Spark Investment Management LLC raised its stake in Chesapeake Energy Corp. by 134.1% in the first quarter. Spark Investment Management LLC now owns 1,110,200 shares of the oil and gas exploration company’s stock worth $4,574,000 after buying an additional 635,900 shares in the last quarter. Hedge funds and other institutional investors own 63.89% of the company’s stock.

Chesapeake Energy Corp. (NYSE:CHK) opened at 6.13 on Wednesday. Chesapeake Energy Corp. has a 1-year low of $1.50 and a 1-year high of $8.49. The stock’s market capitalization is $4.70 billion. The firm has a 50-day moving average of $6.70 and a 200-day moving average of $5.31.

Chesapeake Energy Corp. (NYSE:CHK) last announced its quarterly earnings data on Thursday, August 4th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.03. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Chesapeake Energy Corp. had a negative net margin of 104.29% and a negative return on equity of 16.16%. The business’s quarterly revenue was down 53.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS. Equities research analysts anticipate that Chesapeake Energy Corp. will post ($0.21) EPS for the current year.

CHK has been the subject of a number of analyst reports. Tudor Pickering upgraded Chesapeake Energy Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Johnson Rice upgraded Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a report on Tuesday, July 26th. Piper Jaffray Cos. upgraded Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 price objective for the company in a report on Tuesday, July 12th. Zacks Investment Research upgraded Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Wednesday, July 27th. Finally, Vetr lowered Chesapeake Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $7.06 price objective for the company. in a report on Monday, August 29th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Chesapeake Energy Corp. presently has a consensus rating of “Hold” and a consensus price target of $7.57.

In other news, Director Archie W. Dunham acquired 1,000,000 shares of Chesapeake Energy Corp. stock in a transaction that occurred on Tuesday, September 20th. The shares were acquired at an average price of $6.67 per share, with a total value of $6,670,000.00. Following the completion of the purchase, the director now owns 4,127,951 shares of the company’s stock, valued at approximately $27,533,433.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Archie W. Dunham acquired 350,000 shares of Chesapeake Energy Corp. stock in a transaction that occurred on Monday, August 22nd. The shares were purchased at an average cost of $6.07 per share, for a total transaction of $2,124,500.00. Following the purchase, the director now directly owns 3,127,951 shares of the company’s stock, valued at approximately $18,986,662.57. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Chesapeake Energy Corp. Company Profile

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

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