FNY Partners Fund LP Invests $242,000 in Chesapeake Energy Corporation (CHK)

FNY Partners Fund LP purchased a new stake in shares of Chesapeake Energy Corporation (NYSE:CHK) during the fourth quarter, Holdings Channel reports. The firm purchased 34,500 shares of the oil and gas exploration company’s stock, valued at approximately $242,000.

A number of other large investors have also made changes to their positions in CHK. CIBC World Markets Inc. raised its stake in shares of Chesapeake Energy Corporation by 0.4% in the third quarter. CIBC World Markets Inc. now owns 67,719 shares of the oil and gas exploration company’s stock valued at $425,000 after buying an additional 274 shares during the period. SOL Capital Management CO raised its stake in shares of Chesapeake Energy Corporation by 1.6% in the third quarter. SOL Capital Management CO now owns 61,750 shares of the oil and gas exploration company’s stock valued at $387,000 after buying an additional 1,000 shares during the period. V Wealth Management LLC raised its stake in Chesapeake Energy Corporation by 4.4% in the third quarter. V Wealth Management LLC now owns 28,536 shares of the oil and gas exploration company’s stock valued at $178,000 after buying an additional 1,192 shares during the last quarter. National Planning Corp raised its stake in Chesapeake Energy Corporation by 13.8% in the fourth quarter. National Planning Corp now owns 17,051 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 2,069 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in Chesapeake Energy Corporation by 5.8% in the third quarter. Capstone Asset Management Co. now owns 38,203 shares of the oil and gas exploration company’s stock valued at $240,000 after buying an additional 2,100 shares during the last quarter. 64.78% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy Corporation (NYSE:CHK) traded up 1.11% during midday trading on Friday, hitting $6.38. The stock had a trading volume of 29,295,535 shares. Chesapeake Energy Corporation has a 1-year low of $1.65 and a 1-year high of $8.20. The stock’s market capitalization is $4.89 billion. The stock’s 50-day moving average is $6.81 and its 200-day moving average is $6.45.

COPYRIGHT VIOLATION WARNING: “FNY Partners Fund LP Invests $242,000 in Chesapeake Energy Corporation (CHK)” was first reported by sleekmoney and is owned by of sleekmoney. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this news story can be viewed at http://sleekmoney.com/fny-partners-fund-lp-invests-242000-in-chesapeake-energy-corporation-chk/1656056.html.

Several equities research analysts have recently weighed in on CHK shares. Ladenburg Thalmann Financial Services upped their target price on shares of Chesapeake Energy Corporation from $6.00 to $7.50 in a report on Sunday, December 4th. KLR Group reaffirmed a “buy” rating and issued a $10.00 target price (up previously from $9.00) on shares of Chesapeake Energy Corporation in a report on Wednesday, October 26th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Chesapeake Energy Corporation in a report on Saturday, January 21st. Wunderlich reaffirmed a “buy” rating and issued a $10.00 target price on shares of Chesapeake Energy Corporation in a report on Tuesday, January 24th. Finally, Stephens raised shares of Chesapeake Energy Corporation from an “underweight” rating to an “equal weight” rating in a report on Monday, October 24th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Energy Corporation presently has a consensus rating of “Hold” and a consensus target price of $7.88.

Chesapeake Energy Corporation Company Profile

Chesapeake Energy Corporation (Chesapeake) 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.

5 Day Chart for NYSE:CHK

Want to see what other hedge funds are holding CHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chesapeake Energy Corporation (NYSE:CHK).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/fny-partners-fund-lp-invests-242000-in-chesapeake-energy-corporation-chk/1656056.html

Receive News & Ratings for Chesapeake Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

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