Stuyvesant Capital Management Lowers stake in Chesapeake Energy Corporation (CHK)

Chesapeake Energy Corporation (CHK) : Stuyvesant Capital Management reduced its stake in Chesapeake Energy Corporation by 18.84% during the most recent quarter end. The investment management company now holds a total of 159,400 shares of Chesapeake Energy Corporation which is valued at $647,164 after selling 37,000 shares in Chesapeake Energy Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Chesapeake Energy Corporation makes up approximately 1.38% of Stuyvesant Capital Management’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds reduced its stake in CHK by selling 3,479,518 shares or 67.85% in the most recent quarter. The Hedge Fund company now holds 1,648,789 shares of CHK which is valued at $6.7 Million. Chesapeake Energy Corporation makes up approx 0.01% of Oppenheimerfunds’s portfolio. Thompson Siegel Walmsley sold out all of its stake in CHK during the most recent quarter. The investment firm sold 1,893,918 shares of CHK which is valued $7.7 Million. Lmr Partners Llp added CHK to its portfolio by purchasing 366,199 company shares during the most recent quarter which is valued at $1.7 Million. Chesapeake Energy Corporation makes up approx 0.26% of Lmr Partners Llp’s portfolio.Thompson Davis reduced its stake in CHK by selling 425 shares or 51.52% in the most recent quarter. The Hedge Fund company now holds 400 shares of CHK which is valued at $1,836.

Chesapeake Energy Corporation closed down -0.14 points or -3.63% at $3.72 with 3,94,36,646 shares getting traded on Friday. Post opening the session at $3.92, the shares hit an intraday low of $3.69 and an intraday high of $3.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Chesapeake Energy Corporation reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.11. The company had revenue of $1953.00 million for the quarter, compared to analysts expectations of $1016.02 million. The company’s revenue was down -39.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on Chesapeake Energy Corporation. Company shares were Reiterated by UBS on May 6, 2016 to “Sell”, Firm has raised the Price Target to $ 4 from a previous price target of $0.50 .Chesapeake Energy Corporation was Upgraded by Tudor Pickering to ” Hold” on Apr 12, 2016. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 5 from a previous price target of $4 .

Chesapeake Energy Corporation 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. The marketing gathering and compression operating segment is responsible for marketing gathering and compression of oil natural gas and NGL. The Company owns interests in approximately 45100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31 2014 the Company held an interest in approximately 45100 gross productive wells including 33600 properties in which it held a working interest and 11500 properties in which it held an overriding royalty interest.

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