Chesapeake Energy (NASDAQ:CHKEW) Stock Price Down 1.6%

Chesapeake Energy Co. (NASDAQ:CHKEW) was down 1.6% during mid-day trading on Friday . The company traded as low as $78.00 and last traded at $78.00. Approximately 120 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 360 shares. The stock had previously closed at $79.29.

Chesapeake Energy Trading Down 1.6 %

The stock has a fifty day moving average price of $78.48 and a two-hundred day moving average price of $73.70.

Institutional Investors Weigh In On Chesapeake Energy

A number of hedge funds have recently made changes to their positions in CHKEW. Hudson Bay Capital Management LP raised its holdings in shares of Chesapeake Energy by 823.2% during the third quarter. Hudson Bay Capital Management LP now owns 1,374,094 shares of the company’s stock valued at $106,211,000 after buying an additional 1,225,258 shares during the last quarter. Bluefin Capital Management LLC raised its holdings in shares of Chesapeake Energy by 4.4% during the third quarter. Bluefin Capital Management LLC now owns 9,621 shares of the company’s stock valued at $767,000 after buying an additional 407 shares during the last quarter. Finally, Warberg Asset Management LLC raised its holdings in Chesapeake Energy by 2.3% during the fourth quarter. Warberg Asset Management LLC now owns 10,379 shares of the company’s stock worth $700,000 after purchasing an additional 235 shares in the last quarter.

About Chesapeake Energy

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.