Chesapeake Energy Corp (CHK) Stake Upped by Old West Investment Management Llc

February 14, 2018 - By Stephen Andrade

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.06, from 1.19 in 2017Q2. It improved, as 53 investors sold CHK shares while 94 reduced holdings. 48 funds opened positions while 136 raised stakes. 575.42 million shares or 0.30% less from 577.13 million shares in 2017Q2 were reported. Private Advisor Group Ltd Liability Corp reported 54,790 shares. Parallax Volatility Advisers LP reported 7,896 shares. Sol Capital Management, Maryland-based fund reported 95,075 shares. Blair William Com Il accumulated 36,869 shares. American National Insur Tx stated it has 0% in Chesapeake Energy Corporation (NYSE:CHK). Tradewinds Capital Mgmt Lc stated it has 500 shares or 0% of all its holdings. Deutsche Commercial Bank Ag has 512,652 shares. Advisory Services Lc owns 23,713 shares. Putnam Ltd has 16,023 shares. Capstone Fincl Advsrs Incorporated holds 10,000 shares. Pinnacle Com holds 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 2,206 shares. Raymond James Advsr Incorporated owns 278,658 shares for 0.01% of their portfolio. Gofen And Glossberg Lc Il accumulated 90,700 shares. Boston Private Wealth Ltd Liability reported 418,156 shares stake. Jpmorgan Chase & Commerce has 1.88M shares.

Old West Investment Management Llc increased its stake in Chesapeake Energy Corp (CHK) by 96.31% based on its latest 2017Q3 regulatory filing with the SEC. Old West Investment Management Llc bought 1.06 million shares as the company’s stock declined 5.25% while stock markets rallied. The hedge fund held 2.16M shares of the oil & gas production company at the end of 2017Q3, valued at $9.28M, up from 1.10M at the end of the previous reported quarter. Old West Investment Management Llc who had been investing in Chesapeake Energy Corp for a number of months, seems to be bullish on the $2.45B market cap company. The stock decreased 3.86% or $0.11 during the last trading session, reaching $2.74. About 31.01M shares traded or 0.88% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has risen 49.74% since February 14, 2017 and is uptrending. It has outperformed by 33.04% the S&P500.

Old West Investment Management Llc, which manages about $207.40 million and $190.43 million US Long portfolio, decreased its stake in Abbott Laboratories (NYSE:ABT) by 63,331 shares to 199,223 shares, valued at $10.63 million in 2017Q3, according to the filing.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Fool.com which released: “Why Chesapeake Energy Corporation’s Stock Tumbled Another 11.6% in January” on February 05, 2018, also Seekingalpha.com with their article: “Chesapeake Energy Management Is Cashing In Again” published on February 12, 2018, Seekingalpha.com published: “Chesapeake Expects Lower Q1 Production, Promises More Asset Sales” on February 13, 2018. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Seekingalpha.com and their article: “Chesapeake Energy: A Strong Buy Below $4” published on January 31, 2018 as well as Newsok.com‘s news article titled: “Chesapeake Energy to sell Oklahoma assets for $500 million” with publication date: February 07, 2018.

Chesapeake Energy Corporation (NYSE:CHK) Ratings Coverage

Among 32 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 7 have Buy rating, 9 Sell and 16 Hold. Therefore 22% are positive. Chesapeake Energy Corporation had 89 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, June 21, the company rating was downgraded by Macquarie Research. The firm has “Underperform” rating given on Thursday, May 11 by Bank of America. The rating was upgraded by Bank of America on Friday, October 21 to “Neutral”. The rating was maintained by Wunderlich on Thursday, March 30 with “Buy”. The rating was maintained by Piper Jaffray on Thursday, October 19 with “Hold”. On Monday, September 21 the stock rating was upgraded by Vetr to “Buy”. The company was downgraded on Monday, January 4 by Raymond James. SunTrust upgraded Chesapeake Energy Corporation (NYSE:CHK) on Monday, July 27 to “Buy” rating. The rating was maintained by Jefferies on Wednesday, July 19 with “Hold”. The firm has “Neutral” rating by UBS given on Friday, February 24.

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