Caxton Associates Lp adds Chesapeake Energy Corporation (CHK) to its portfolio

Chesapeake Energy Corporation (CHK) : Caxton Associates Lp added new position in Chesapeake Energy Corporation during the most recent quarter end. The investment management firm now holds 6,684,500 shares of Chesapeake Energy Corporation which is valued at $36,564,215 , the company said in a statement filed on Nov 14, 2016 with the SEC.Chesapeake Energy Corporation makes up approximately 2.09% of Caxton Associates Lp’s portfolio.

Other Hedge Funds, Including , Jacobs Levy Equity Management Inc boosted its stake in CHK in the latest quarter, The investment management firm added 113,900 additional shares and now holds a total of 1,117,352 shares of Chesapeake Energy Corporation which is valued at $6,111,915. Chesapeake Energy Corporation makes up approx 0.11% of Jacobs Levy Equity Management Inc’s portfolio.Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in CHK by selling 46,800 shares or 37.74% in the most recent quarter. The Hedge Fund company now holds 77,200 shares of CHK which is valued at $440,040. Chesapeake Energy Corporation makes up approx 0.13% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio. Airain Ltd sold out all of its stake in CHK during the most recent quarter. The investment firm sold 152,916 shares of CHK which is valued $833,392.Icon Advisers Incco boosted its stake in CHK in the latest quarter, The investment management firm added 289,000 additional shares and now holds a total of 1,302,850 shares of Chesapeake Energy Corporation which is valued at $6,892,077. Chesapeake Energy Corporation makes up approx 0.48% of Icon Advisers Incco’s portfolio.Quantitative Investment Management boosted its stake in CHK in the latest quarter, The investment management firm added 462,500 additional shares and now holds a total of 521,200 shares of Chesapeake Energy Corporation which is valued at $2,767,572. Chesapeake Energy Corporation makes up approx 0.10% of Quantitative Investment Management’s portfolio.

Chesapeake Energy Corporation opened for trading at $5.96 and hit $6.04 on the upside on Monday, eventually ending the session at $5.94, with a gain of 0.85% or 0.05 points. The heightened volatility saw the trading volume jump to 3,65,07,259 shares. Company has a market cap of $5,271 M.

On the company’s financial health, Chesapeake Energy Corporation reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.04. The company had revenue of $2276.00 million for the quarter, compared to analysts expectations of $1010.90 million. The company’s revenue was down -32.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on Chesapeake Energy Corporation. Chesapeake Energy Corporation was Upgraded by Jefferies to ” Hold” on Nov 10, 2016. Company shares were Upgraded by RBC Capital Mkts on Oct 25, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 8 from a previous price target of $7 .Chesapeake Energy Corporation was Upgraded by Nomura to ” Neutral” on Oct 21, 2016.

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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