Oregon Public Employees Retirement Fund Has $2.58 Million Stock Holdings in Chesapeake Energy Co. (NYSE:CHK)

Oregon Public Employees Retirement Fund lifted its holdings in Chesapeake Energy Co. (NYSE:CHK) by 587.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,125,537 shares of the oil and gas exploration company’s stock after purchasing an additional 2,670,658 shares during the quarter. Oregon Public Employees Retirement Fund owned about 0.16% of Chesapeake Energy worth $2,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brave Asset Management Inc. grew its position in shares of Chesapeake Energy by 9.4% in the 3rd quarter. Brave Asset Management Inc. now owns 90,990 shares of the oil and gas exploration company’s stock valued at $128,000 after purchasing an additional 7,850 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Chesapeake Energy by 8.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 206,900 shares of the oil and gas exploration company’s stock valued at $292,000 after purchasing an additional 16,620 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of Chesapeake Energy in the 3rd quarter valued at approximately $25,000. State of Michigan Retirement System grew its position in shares of Chesapeake Energy by 5.7% in the 3rd quarter. State of Michigan Retirement System now owns 327,200 shares of the oil and gas exploration company’s stock valued at $461,000 after purchasing an additional 17,700 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Chesapeake Energy by 1.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 1,185,929 shares of the oil and gas exploration company’s stock valued at $979,000 after purchasing an additional 21,460 shares during the period. Institutional investors and hedge funds own 69.70% of the company’s stock.

In other news, Director Thomas L. Ryan bought 200,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were purchased at an average price of $0.77 per share, for a total transaction of $154,000.00. Following the purchase, the director now owns 928,531 shares of the company’s stock, valued at approximately $714,968.87. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Several equities analysts recently issued reports on CHK shares. Scotiabank upgraded Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating in a research report on Tuesday, November 26th. Imperial Capital decreased their price objective on Chesapeake Energy from $2.00 to $0.50 and set an “in-line” rating for the company in a research report on Monday, December 9th. ValuEngine upgraded Chesapeake Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Zacks Investment Research upgraded Chesapeake Energy from a “sell” rating to a “hold” rating and set a $1.25 price objective for the company in a research report on Wednesday, January 15th. Finally, Morgan Stanley cut Chesapeake Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $2.25 to $1.25 in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $1.97.

NYSE CHK opened at $0.45 on Friday. The stock has a market capitalization of $958.13 million, a price-to-earnings ratio of 3.50 and a beta of 2.47. The stock’s 50 day moving average price is $0.66 and its two-hundred day moving average price is $1.09. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.60 and a current ratio of 0.60. Chesapeake Energy Co. has a 52 week low of $0.45 and a 52 week high of $3.57.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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 Co. (NYSE:CHK).

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

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