Chesapeake Energy Corporation (NYSE:CHK) enjoyed a 5.1% run-up in share price since hitting record low of $1.57. The stock managed -1.79% fall and now stands at $1.65 as of 7/26/2019. At a recent session, the prices were hovering between $1.62 and $1.71. This company shares are 57.58% off its target price of $2.6 and the current market capitalization stands at $2.74B. The recent change has given its price a -14.31% deficit over SMA 50 and -66.87% deficit over its 52-week high. The stock witnessed -13.61% declines, -44.44% declines and -40.65% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CHK’s volatility during a week at 5.37% and during a month it has been found around 4.88%.
What Does Chesapeake Energy Corporation (CHK) Do?
The company describes itself in regulatory filings as, “Chesapeake Energy Corp. is an independent exploration and production company, which engages in acquisition, exploration and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. It focuses on projects located in Louisiana, Ohio, Oklahoma, Pennsylvania, Texas, and Wyoming. The company was founded by Aubrey K. McClendon and Tom L. Ward on May 18, 1989 and is headquartered in Oklahoma City, OK.” [Text can be found here: https://www.marketwatch.com/investing/stock/CHK/profile under company description.]Chesapeake Energy Corporation (CHK) Top Holders
Institutional investors currently hold around $1.91 billion or 71.2% in CHK stock. Look at its top three institutional owners: G.F.W. Energy Xi, L.P. owns $330 million in Chesapeake Energy Corporation, which represents roughly 12.04% of the company’s market cap and approximately 17.28% of the institutional ownership. Similar statistics are true for the second largest owner, Carlyle Group L.P., which owns 172,897,387 shares of the stock are valued at $285.28 million. The third largest holder is Vanguard Group Inc, which currently holds $197.88 million worth of this stock and that ownership represents nearly 7.22% of its market capitalization.Chesapeake Energy Corporation 13F Filings
At the end of March reporting period, 219 institutional holders increased their position in Chesapeake Energy Corporation (NYSE:CHK) by some 259,758,408 shares, 220 decreased positions by 251,043,669 and 95 held positions by 646,927,022. That puts total institutional holdings at 1,158,000,000 shares, according to SEC filings. The stock grabbed 75 new institutional investments totaling 191,948,381 shares while 94 institutional investors sold out their entire positions totaling 94,168,530 shares.Chesapeake Energy Corporation (NYSE:CHK) Insider Trades
Multiple company employees have indulged in significant insider trading. Chesapeake Energy Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP-Gen’l Counsel & Corp. Sec. WEBB JAMES R has acquired 50,000 shares of Chesapeake Energy Corporation (CHK) in the trading session dated May. 28, 2019. These shares are worth $98,000 and were traded at $1.96 each. The SEC filing shows that Lawler Robert D. performed a purchase of 50,000 shares. The CEO added these shares by way of transaction on May. 24, 2019. The company’s shares were assimilated at $2.02 per share worth to an investment of some $101,000 to the account of Lawler Robert D..
Exec. Vice President & CFO, DELL’OSSO DOMENIC J JR, purchased 50,000 common shares of Chesapeake Energy Corporation (CHK) in the open market. In a transaction dated May. 24, 2019, the shares were bought at an average price of $2.01, giving away a sum of $100,500. After this purchase, 2,027,165 common shares of CHK are directly owned by the insider, with total stake valued at $3,344,822.
In the transaction dated Mar. 26, 2019, a great number of shares sold came courtesy the 10% Owner; NGP Energy Capital Management, disposed a total of 568,424 shares at an average price of $3.25, amounting to approximately $1,847,378. The insider now directly owns 157,855,491 shares worth $260,461,560.Chesapeake Energy Corporation (CHK) Analyst Guide
Several analysts have released their opinion on Chesapeake Energy Corporation (NYSE:CHK), with 0 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 4 buy, 7 sell and 3 strong sell ratings, collectively assigning a 3.36 average brokerage recommendation [T1].