Murphy Pohlad Asset Management LLC Acquires Shares of 18,810 Chesapeake Energy Co. (NASDAQ:CHK)

Murphy Pohlad Asset Management LLC bought a new position in shares of Chesapeake Energy Co. (NASDAQ:CHK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,810 shares of the company’s stock, valued at approximately $1,547,000.

Several other hedge funds have also modified their holdings of CHK. Aurora Investment Counsel raised its holdings in Chesapeake Energy by 1.1% during the 1st quarter. Aurora Investment Counsel now owns 11,930 shares of the company’s stock worth $1,060,000 after purchasing an additional 135 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of Chesapeake Energy by 1.3% during the second quarter. Clear Harbor Asset Management LLC now owns 13,895 shares of the company’s stock worth $1,142,000 after buying an additional 180 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Chesapeake Energy by 1.9% in the second quarter. Toronto Dominion Bank now owns 10,205 shares of the company’s stock valued at $839,000 after buying an additional 186 shares during the period. CWM LLC boosted its stake in Chesapeake Energy by 22.9% in the third quarter. CWM LLC now owns 1,149 shares of the company’s stock valued at $94,000 after acquiring an additional 214 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in Chesapeake Energy by 32.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 900 shares of the company’s stock worth $80,000 after acquiring an additional 220 shares during the period. 97.93% of the stock is owned by institutional investors.

Chesapeake Energy Price Performance

Shares of NASDAQ CHK opened at $81.46 on Friday. The company has a fifty day moving average price of $77.48 and a 200 day moving average price of $81.68. The firm has a market cap of $10.68 billion, a PE ratio of 10.98 and a beta of 0.47. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.19. Chesapeake Energy Co. has a 1-year low of $69.12 and a 1-year high of $93.58.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CHK shares. Roth Mkm initiated coverage on Chesapeake Energy in a research note on Friday, September 27th. They issued a “buy” rating and a $92.00 price target on the stock. Mizuho cut their target price on Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. StockNews.com upgraded Chesapeake Energy to a “sell” rating in a research report on Wednesday, August 14th. UBS Group cut their price target on shares of Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Finally, Scotiabank reduced their price objective on shares of Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.92.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. 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.