Chesapeake Energy (NASDAQ:CHKEL) Trading Up 10.4% – Here’s What Happened

Chesapeake Energy Co. (NASDAQ:CHKEL) traded up 10.4% during mid-day trading on Wednesday . The company traded as high as $96.42 and last traded at $96.27. 14,178 shares traded hands during mid-day trading, an increase of 1,245% from the average session volume of 1,054 shares. The stock had previously closed at $87.22.

Chesapeake Energy Stock Up 10.4 %

The business’s fifty day simple moving average is $90.71 and its 200-day simple moving average is $78.66.

Institutional Trading of Chesapeake Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GTS Securities LLC bought a new stake in Chesapeake Energy in the 4th quarter valued at $313,000. CSS LLC IL grew its stake in shares of Chesapeake Energy by 116.6% in the 4th quarter. CSS LLC IL now owns 11,325 shares of the company’s stock worth $708,000 after buying an additional 6,097 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Chesapeake Energy in the 4th quarter worth $3,194,000. BNP Paribas Financial Markets purchased a new position in shares of Chesapeake Energy in the 4th quarter worth $27,000. Finally, Voya Investment Management LLC grew its stake in shares of Chesapeake Energy by 8.9% in the 4th quarter. Voya Investment Management LLC now owns 196,342 shares of the company’s stock worth $12,271,000 after buying an additional 15,995 shares in 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.