Chesapeake Energy (NASDAQ:CHKEL) Trading 2.6% Higher

Chesapeake Energy Co. (NASDAQ:CHKEL)’s stock price traded up 2.6% during mid-day trading on Wednesday . The company traded as high as $74.50 and last traded at $74.50. 861 shares were traded during trading, a decline of 32% from the average session volume of 1,273 shares. The stock had previously closed at $72.61.

Chesapeake Energy Trading Up 2.6 %

The business has a fifty day simple moving average of $68.28 and a two-hundred day simple moving average of $64.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bluefin Capital Management LLC grew its holdings in shares of Chesapeake Energy by 1.0% during the 3rd quarter. Bluefin Capital Management LLC now owns 1,206,283 shares of the company’s stock worth $82,908,000 after acquiring an additional 12,364 shares during the period. Warberg Asset Management LLC grew its stake in shares of Chesapeake Energy by 11.1% in the 3rd quarter. Warberg Asset Management LLC now owns 24,688 shares of the company’s stock worth $1,719,000 after buying an additional 2,463 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of Chesapeake Energy by 53.0% in the 4th quarter. Wolverine Asset Management LLC now owns 11,841 shares of the company’s stock worth $701,000 after buying an additional 4,101 shares during the last quarter.

Chesapeake Energy Company Profile

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.