Chesapeake Energy (NASDAQ:CHKEL) Trading Up 2.6%

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

Chesapeake Energy Price Performance

The firm has a 50-day moving average price of $68.89 and a 200-day moving average price of $64.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Warberg Asset Management LLC boosted its stake in Chesapeake Energy by 11.1% during the 3rd quarter. Warberg Asset Management LLC now owns 24,688 shares of the company’s stock valued at $1,719,000 after purchasing an additional 2,463 shares during the last quarter. Bluefin Capital Management LLC boosted its stake in Chesapeake Energy by 1.0% during the 3rd quarter. Bluefin Capital Management LLC now owns 1,206,283 shares of the company’s stock valued at $82,908,000 after purchasing an additional 12,364 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted 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.

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.