Pomelo Capital adds Chesapeake Energy Corporation (CHK) to its portfolio

Chesapeake Energy Corporation (CHK) : Pomelo Capital added new position in Chesapeake Energy Corporation during the most recent quarter end. The investment management firm now holds 408,979 shares of Chesapeake Energy Corporation which is valued at $2,053,075 , the company said in a statement filed on Aug 11, 2016 with the SEC.Chesapeake Energy Corporation makes up approximately 2.34% of Pomelo Capital’s portfolio.

Other Hedge Funds, Including , Fmr boosted its stake in CHK in the latest quarter, The investment management firm added 30,987 additional shares and now holds a total of 215,820 shares of Chesapeake Energy Corporation which is valued at $1,083,416.Blackrock Fund Advisors boosted its stake in CHK in the latest quarter, The investment management firm added 1,102,158 additional shares and now holds a total of 10,612,431 shares of Chesapeake Energy Corporation which is valued at $53,274,404. Chesapeake Energy Corporation makes up approx 0.01% of Blackrock Fund Advisors’s portfolio. Rational Advisors sold out all of its stake in CHK during the most recent quarter. The investment firm sold 16,510 shares of CHK which is valued $82,880.Capwealth Advisors boosted its stake in CHK in the latest quarter, The investment management firm added 47,221 additional shares and now holds a total of 231,821 shares of Chesapeake Energy Corporation which is valued at $1,226,333. Chesapeake Energy Corporation makes up approx 0.29% of Capwealth Advisors’s portfolio.

Chesapeake Energy Corporation opened for trading at $6.04 and hit $6.58 on the upside on Tuesday, eventually ending the session at $6.46, with a gain of 6.08% or 0.37 points. The heightened volatility saw the trading volume jump to 6,45,50,650 shares. Company has a market cap of $5,019 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. Chesapeake Energy Corporation was Upgraded by CapitalOne to ” Equal Weight” on Aug 16, 2016. Company shares were Reiterated by Barclays on Aug 16, 2016 to “Underweight”, Firm has raised the Price Target to $ 3 from a previous price target of $1 .Chesapeake Energy Corporation was Upgraded by Johnson Rice to ” Accumulate” on Jul 27, 2016.

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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