Oaktree Capital Management LP Invests $5.96 Million in Chesapeake Energy Co. (NASDAQ:CHKEL)

Oaktree Capital Management LP purchased a new stake in Chesapeake Energy Co. (NASDAQ:CHKEL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 95,294 shares of the company’s stock, valued at approximately $5,956,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deltec Asset Management LLC acquired a new stake in shares of Chesapeake Energy in the 4th quarter worth $156,000. Wolverine Asset Management LLC lifted its position in Chesapeake Energy by 983.8% in the fourth quarter. Wolverine Asset Management LLC now owns 16,419 shares of the company’s stock valued at $1,026,000 after purchasing an additional 14,904 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in Chesapeake Energy in the 4th quarter valued at approximately $52,000.

Chesapeake Energy Price Performance

Shares of CHKEL stock opened at $99.80 on Friday. The stock has a 50 day simple moving average of $91.76 and a 200-day simple moving average of $80.86. Chesapeake Energy Co. has a 12-month low of $50.86 and a 12-month high of $78.30.

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.