Chesapeake Energy (NASDAQ:CHKEZ) Shares Up 4.4%

Shares of Chesapeake Energy Co. (NASDAQ:CHKEZGet Free Report) rose 4.4% on Friday . The stock traded as high as $64.11 and last traded at $64.11. Approximately 516 shares traded hands during mid-day trading, an increase of 84% from the average daily volume of 280 shares. The stock had previously closed at $61.38.

Chesapeake Energy Stock Up 4.4 %

The stock has a fifty day moving average price of $64.03 and a 200-day moving average price of $70.28.

Hedge Funds Weigh In On Chesapeake Energy

Hedge funds have recently modified their holdings of the stock. Walleye Capital LLC increased its holdings in Chesapeake Energy by 2.6% during the 2nd quarter. Walleye Capital LLC now owns 2,418,411 shares of the company’s stock valued at $136,930,000 after purchasing an additional 62,046 shares in the last quarter. Bluefin Capital Management LLC increased its holdings in Chesapeake Energy by 0.3% during the 1st quarter. Bluefin Capital Management LLC now owns 1,242,879 shares of the company’s stock valued at $79,345,000 after purchasing an additional 3,219 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Chesapeake Energy in the 1st quarter valued at $287,000. Warberg Asset Management LLC boosted its position in Chesapeake Energy by 31.3% in the 3rd quarter. Warberg Asset Management LLC now owns 4,743 shares of the company’s stock valued at $348,000 after buying an additional 1,132 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in Chesapeake Energy by 225.9% in the 4th quarter. Wolverine Asset Management LLC now owns 994 shares of the company’s stock valued at $63,000 after buying an additional 689 shares during the last quarter.

About Chesapeake Energy

(Get 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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