Chesapeake Energy (NASDAQ:CHKEZ) Shares Up 4.2% – Here’s What Happened

Chesapeake Energy Co. (NASDAQ:CHKEZ) traded up 4.2% during trading on Wednesday . The company traded as high as $94.00 and last traded at $94.00. 11,768 shares were traded during mid-day trading, an increase of 426% from the average session volume of 2,238 shares. The stock had previously closed at $90.21.

Chesapeake Energy Stock Performance

The firm has a 50 day simple moving average of $84.50 and a two-hundred day simple moving average of $72.65.

Institutional Investors Weigh In On Chesapeake Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHKEZ. Wolverine Asset Management LLC raised its stake in shares of Chesapeake Energy by 701.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 8,289 shares of the company’s stock worth $531,000 after purchasing an additional 7,255 shares during the period. Bluefin Capital Management LLC increased its holdings in Chesapeake Energy by 0.7% during the second quarter. Bluefin Capital Management LLC now owns 1,253,627 shares of the company’s stock worth $86,162,000 after buying an additional 8,331 shares during the last quarter. Finally, Warberg Asset Management LLC raised its position in Chesapeake Energy by 228.1% in the second quarter. Warberg Asset Management LLC now owns 52,233 shares of the company’s stock worth $3,623,000 after acquiring an additional 36,311 shares during the period.

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.