Guggenheim Capital Llc Decreased Chesapeake Energy Corp (NYSE:CHK) Stake By $33.57 Million

May 23, 2018 - By Clifton Ray

Chesapeake Energy Corporation (NYSE:CHK) LogoInvestors sentiment decreased to 1.04 in 2017 Q4. Its down 0.21, from 1.25 in 2017Q3. It turned negative, as 44 investors sold CHK shares while 110 reduced holdings. 50 funds opened positions while 110 raised stakes. 548.86 million shares or 4.62% less from 575.42 million shares in 2017Q3 were reported. Thompson Davis And Incorporated reported 150 shares stake. The Virginia-based Virginia Retirement System Et Al has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Cetera Advisor Ltd accumulated 33,481 shares. Parkside Bancorp And has 0% invested in Chesapeake Energy Corporation (NYSE:CHK) for 192 shares. Cibc Ww Mkts reported 11,437 shares. New Mexico Educational Retirement Board stated it has 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Td Asset Mngmt owns 262,698 shares. 1,353 were accumulated by Envestnet Asset Mgmt. Shamrock Asset Mgmt Ltd holds 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 900 shares. Jpmorgan Chase And invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Teacher Retirement System Of Texas reported 305,335 shares. The Wisconsin-based Johnson Fincl Gp has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Pennsylvania-based Marathon Trading Invest Mngmt Limited Company has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Dimensional Fund Advisors L P reported 3.27 million shares stake. Focused Wealth Mngmt Inc has 10,000 shares.

Guggenheim Capital Llc decreased its stake in Chesapeake Energy Corp (NYSE:CHK) by 97.2% based on its latest 2018Q1 regulatory filing with the SEC. Guggenheim Capital Llc sold 11.19 million shares as the company’s stock declined 23.38% with the market. The institutional investor held 322,405 shares of the oil & gas production company at the end of 2018Q1, valued at $973,000, down from 11.51 million at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in Chesapeake Energy Corp for a number of months, seems to be less bullish one the $4.17 billion market cap company. The stock increased 2.20% or $0.1 during the last trading session, reaching $4.64. About 69.23M shares traded or 81.59% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has declined 42.83% since May 23, 2017 and is downtrending. It has underperformed by 54.38% the S&P500.

Guggenheim Capital Llc, which manages about $25.60 billion and $40.99 billion US Long portfolio, upped its stake in Nektar Therapeutics (NASDAQ:NKTR) by 478,306 shares to 629,361 shares, valued at $66.88M in 2018Q1, according to the filing. It also increased its holding in Fiserv Inc (NASDAQ:FISV) by 509,545 shares in the quarter, for a total of 1.08 million shares, and has risen its stake in Take (NASDAQ:TTWO).

Guggenheim Capital Llc is a Illinois-based institutional investor with more than $25.60 billion AUM in January, 2015. Guggenheim Capital Llc is the 92th largest institutional investor in our database. Taken from Guggenheim Capital latest Adv, the fund reported to have 32 full and part-time employees. Among which 32 performing investment advisory and research functions. The institutional investor had more than 200 clients.

Chesapeake Energy Corporation (NYSE:CHK) Ratings Coverage

Among 10 analysts covering Chesapeake Energy (NYSE:CHK), 2 have Buy rating, 4 Sell and 4 Hold. Therefore 20% are positive. Chesapeake Energy had 13 analyst reports since December 11, 2017 according to SRatingsIntel. As per Tuesday, April 24, the company rating was maintained by Stephens. The firm has “Buy” rating given on Tuesday, January 2 by SunTrust. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Sell” rating given on Monday, December 11 by Credit Suisse. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Underperform” rating by Mizuho on Tuesday, January 16. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Sell” rating given on Monday, March 26 by Bernstein. BMO Capital Markets maintained the shares of CHK in report on Monday, March 12 with “Hold” rating. The stock has “Hold” rating by Piper Jaffray on Tuesday, January 9. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Hold” rating by Susquehanna on Monday, March 5. The stock has “Hold” rating by Piper Jaffray on Wednesday, March 14. Citigroup downgraded it to “Sell” rating and $200 target in Tuesday, April 17 report.

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company has market cap of $4.17 billion. It operates in two divisions, Exploration and Production; and Marketing, Gathering, and Compression. It currently has negative earnings. The firm holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Seekingalpha.com which released: “Chesapeake Energy Common Is Making Its Move” on May 21, 2018, also Investorplace.com with their article: “5 Top Stock Trades for Thursday Morning” published on May 23, 2018, Seekingalpha.com published: “Chesapeake Energy: What A Run” on May 18, 2018. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Seekingalpha.com and their article: “Chesapeake Energy Corporation: The Last Holdout” published on May 04, 2018 as well as Fool.com‘s news article titled: “Why World Wrestling Entertainment, Chesapeake Energy, and Williams Partners Jumped Today” with publication date: May 17, 2018.

Chesapeake Energy Corporation (NYSE:CHK) Institutional Positions Chart

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