Chesapeake Energy (NASDAQ:CHKEZ) Trading Up 2.2% – Still a Buy?

Shares of Chesapeake Energy Co. (NASDAQ:CHKEZ) were up 2.2% during trading on Friday . The stock traded as high as $99.56 and last traded at $99.27. Approximately 2,249 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 2,238 shares. The stock had previously closed at $97.16.

Chesapeake Energy Stock Up 2.2 %

The company has a 50 day simple moving average of $94.36 and a 200-day simple moving average of $78.71.

Hedge Funds Weigh In On Chesapeake Energy

An institutional investor recently raised its position in Chesapeake Energy stock. Wolverine Asset Management LLC raised its holdings in Chesapeake Energy Co. (NASDAQ:CHKEZ) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,963 shares of the company’s stock after buying an additional 1,674 shares during the quarter. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $638,000 as of its most recent SEC filing.

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.