Zweig-dimenna Associates buys $5,349,053 stake in Chesapeake Energy Corporation (CHK)

Chesapeake Energy Corporation (CHK) : Zweig-dimenna Associates scooped up 68,260 additional shares in Chesapeake Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 1,063,430 shares of Chesapeake Energy Corporation which is valued at $5,349,053.Chesapeake Energy Corporation makes up approximately 0.52% of Zweig-dimenna Associates’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in CHK in the latest quarter, The investment management firm added 2,252 additional shares and now holds a total of 66,570 shares of Chesapeake Energy Corporation which is valued at $334,847. Chesapeake Energy Corporation makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.Great West Life Assurance Co Can boosted its stake in CHK in the latest quarter, The investment management firm added 136,874 additional shares and now holds a total of 785,810 shares of Chesapeake Energy Corporation which is valued at $4,156,935. Chesapeake Energy Corporation makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio. Royal London Asset Management Ltd sold out all of its stake in CHK during the most recent quarter. The investment firm sold 224,870 shares of CHK which is valued $1,189,562.New York State Teachers Retirement System reduced its stake in CHK by selling 4,462 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 923,234 shares of CHK which is valued at $4,976,231. Chesapeake Energy Corporation makes up approx 0.01% of New York State Teachers Retirement System’s portfolio. Donald L. Hagan sold out all of its stake in CHK during the most recent quarter. The investment firm sold 1,000 shares of CHK which is valued $5,390.

Chesapeake Energy Corporation opened for trading at $5.15 and hit $5.53 on the upside on Monday, eventually ending the session at $5.5, with a gain of 9.56% or 0.48 points. The heightened volatility saw the trading volume jump to 7,53,69,493 shares. Company has a market cap of $4,273 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 Johnson Rice to ” Accumulate” on Jul 27, 2016. Chesapeake Energy Corporation was Upgraded by Tudor Pickering to ” Buy” on Jul 21, 2016. Chesapeake Energy Corporation was Upgraded by Piper Jaffray to ” Neutral” on Jul 12, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *