Gierl Augustine Investment Management Inc Exits Position in Chesapeake Energy Corporation (CHK)

Chesapeake Energy Corporation (CHK) : Gierl Augustine Investment Management Inc has sold out all of its stake in Chesapeake Energy Corporation during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 1,000 shares of Chesapeake Energy Corporation which is valued at $6,560.

Other Hedge Funds, Including , Callahan Advisors sold out all of its stake in CHK during the most recent quarter. The investment firm sold 13,500 shares of CHK which is valued $88,560.Hollencrest Securities boosted its stake in CHK in the latest quarter, The investment management firm added 2,990 additional shares and now holds a total of 49,265 shares of Chesapeake Energy Corporation which is valued at $309,384. Chesapeake Energy Corporation makes up approx 0.05% of Hollencrest Securities’s portfolio. Morgens Waterfall Vintiadis Co Inc added CHK to its portfolio by purchasing 370,000 company shares during the most recent quarter which is valued at $2,323,600. Chesapeake Energy Corporation makes up approx 2.10% of Morgens Waterfall Vintiadis Co Inc’s portfolio. Simplex Trading sold out all of its stake in CHK during the most recent quarter. The investment firm sold 73,541 shares of CHK which is valued $466,985.

Chesapeake Energy Corporation opened for trading at $6.45 and hit $6.695 on the upside on Friday, eventually ending the session at $6.56, with a gain of 2.02% or 0.13 points. The heightened volatility saw the trading volume jump to 4,98,57,770 shares. Company has a market cap of $5,097 M.

On the company’s financial health, Chesapeake Energy Corporation reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.10. The company had revenue of $1622.00 million for the quarter, compared to analysts expectations of $970.48 million. The company’s revenue was down -53.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.11 EPS.

Many Wall Street Analysts have commented on Chesapeake Energy Corporation. FBR & Co. Initiated Chesapeake Energy Corporation on Sep 13, 2016 to “Underperform”, Price Target of the shares are set at $5.FBR Capital Initiated Chesapeake Energy Corporation on Sep 13, 2016 to “Underperform”, Price Target of the shares are set at $5.Company shares were Upgraded by Wunderlich on Sep 9, 2016 to ” Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $6 .

Chesapeake Energy Corporation 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. The marketing gathering and compression operating segment is responsible for marketing gathering and compression of oil natural gas and NGL. The Company owns interests in approximately 45100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31 2014 the Company held an interest in approximately 45100 gross productive wells including 33600 properties in which it held a working interest and 11500 properties in which it held an overriding royalty interest.

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