Chesapeake Energy (NASDAQ:CHKEZ) Trading Up 0.7% – Still a Buy?

Chesapeake Energy Co. (NASDAQ:CHKEZ) was up 0.7% during trading on Friday . The company traded as high as $73.00 and last traded at $73.00. Approximately 180 shares traded hands during trading, a decline of 92% from the average daily volume of 2,238 shares. The stock had previously closed at $72.50.

Chesapeake Energy Trading Up 0.7 %

The business’s 50-day simple moving average is $63.84 and its 200 day simple moving average is $70.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Chesapeake Energy stock. Bluefin Capital Management LLC lifted its position in Chesapeake Energy Co. (NASDAQ:CHKEZ) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,253,627 shares of the company’s stock after buying an additional 8,331 shares during the period. Chesapeake Energy makes up about 21.3% of Bluefin Capital Management LLC’s portfolio, making the stock its largest position. Bluefin Capital Management LLC’s holdings in Chesapeake Energy were worth $86,162,000 at the end of the most recent reporting 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.