Chesapeake Energy (NASDAQ:CHKEL) Shares Down 0.1% – Should You Sell?

Chesapeake Energy Co. (NASDAQ:CHKEL)’s share price traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $93.58 and last traded at $94.23. 1,144 shares traded hands during trading, an increase of 9% from the average session volume of 1,054 shares. The stock had previously closed at $94.36.

Chesapeake Energy Trading Down 0.1 %

The company has a fifty day moving average price of $84.77 and a two-hundred day moving average price of $70.17.

Hedge Funds Weigh In On Chesapeake Energy

An institutional investor recently raised its position in Chesapeake Energy stock. Wolverine Asset Management LLC increased its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHKEL) by 498.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,515 shares of the company’s stock after purchasing an additional 1,262 shares during the period. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $95,000 at the end of the most recent 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.