Keeley Teton Advisors LLC Sells 3,784 Shares of Chesapeake Energy Co. (NASDAQ:CHK)

Keeley Teton Advisors LLC lessened its stake in shares of Chesapeake Energy Co. (NASDAQ:CHKFree Report) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,764 shares of the company’s stock after selling 3,784 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Chesapeake Energy were worth $2,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA increased its holdings in Chesapeake Energy by 182.5% during the 2nd quarter. Private Trust Co. NA now owns 339 shares of the company’s stock valued at $28,000 after purchasing an additional 219 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of Chesapeake Energy by 478.3% during the first quarter. Belpointe Asset Management LLC now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 287 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Chesapeake Energy by 132.1% in the second quarter. Parkside Financial Bank & Trust now owns 362 shares of the company’s stock worth $30,000 after acquiring an additional 206 shares during the period. Salem Investment Counselors Inc. bought a new stake in Chesapeake Energy in the first quarter valued at $32,000. Finally, Gladius Capital Management LP purchased a new stake in shares of Chesapeake Energy in the 3rd quarter worth about $36,000. Institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CHK. Truist Financial upped their price target on shares of Chesapeake Energy from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Benchmark decreased their price target on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, January 12th. Citigroup raised Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $82.00 to $95.00 in a research report on Friday, January 12th. TheStreet lowered Chesapeake Energy from a “b-” rating to a “c+” rating in a research report on Friday, December 29th. Finally, Wells Fargo & Company lowered their target price on shares of Chesapeake Energy from $89.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.30.

View Our Latest Stock Analysis on Chesapeake Energy

Chesapeake Energy Price Performance

Chesapeake Energy stock opened at $74.99 on Tuesday. Chesapeake Energy Co. has a 52-week low of $69.68 and a 52-week high of $91.00. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 2.05, a PEG ratio of 10.55 and a beta of 0.50. The firm’s fifty day moving average is $77.32 and its 200 day moving average is $82.50. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.20.

Chesapeake Energy Profile

(Free Report)

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.

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Institutional Ownership by Quarter for Chesapeake Energy (NASDAQ:CHK)

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