James Investment Research Inc. Has $1.28 Million Holdings in Chesapeake Energy Co. (NYSE:CHK)

James Investment Research Inc. trimmed its stake in Chesapeake Energy Co. (NYSE:CHK) by 58.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 412,000 shares of the oil and gas exploration company’s stock after selling 590,048 shares during the quarter. James Investment Research Inc.’s holdings in Chesapeake Energy were worth $1,277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position in shares of Chesapeake Energy by 4.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,514,037 shares of the oil and gas exploration company’s stock valued at $6,798,000 after buying an additional 61,605 shares in the last quarter. Man Group plc bought a new stake in shares of Chesapeake Energy in the third quarter worth $412,000. Kentucky Retirement Systems bought a new stake in shares of Chesapeake Energy in the third quarter worth $1,133,000. Teachers Advisors LLC grew its stake in shares of Chesapeake Energy by 3.0% in the third quarter. Teachers Advisors LLC now owns 1,083,158 shares of the oil and gas exploration company’s stock worth $4,863,000 after purchasing an additional 31,725 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Chesapeake Energy by 1.1% in the third quarter. Vanguard Group Inc. now owns 78,461,187 shares of the oil and gas exploration company’s stock valued at $352,290,000 after buying an additional 864,212 shares during the period. Institutional investors and hedge funds own 58.81% of the company’s stock.

In other news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of Chesapeake Energy stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3.25, for a total transaction of $1,847,378.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.90% of the company’s stock.

Shares of NYSE CHK traded down $0.19 during mid-day trading on Wednesday, reaching $2.19. The company had a trading volume of 38,509,008 shares, compared to its average volume of 45,651,039. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.72. Chesapeake Energy Co. has a 52 week low of $1.71 and a 52 week high of $5.60. The stock has a market cap of $3.79 billion, a PE ratio of 2.43, a PEG ratio of 25.71 and a beta of 2.39.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Wednesday, May 8th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Chesapeake Energy had a negative return on equity of 138.70% and a net margin of 5.39%. The business had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The business’s quarterly revenue was down 25.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Chesapeake Energy Co. will post -0.04 earnings per share for the current year.

Several brokerages have recently weighed in on CHK. MKM Partners set a $3.00 price objective on shares of Chesapeake Energy and gave the company a “hold” rating in a report on Tuesday, March 5th. Raymond James set a $5.00 price objective on shares of Chesapeake Energy and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Citigroup upped their price target on shares of Chesapeake Energy from $2.50 to $3.50 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. TheStreet cut shares of Chesapeake Energy from a “c” rating to a “d+” rating in a research note on Wednesday, May 8th. Finally, Goldman Sachs Group cut shares of Chesapeake Energy from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $2.75 to $2.50 in a research report on Friday, April 12th. They noted that the move was a valuation call. Ten analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Chesapeake Energy presently has a consensus rating of “Hold” and an average price target of $4.01.

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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.

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

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