Hazlett Burt & Watson Inc. Has $543,000 Stock Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

Hazlett Burt & Watson Inc. cut its position in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 6.2% during the third quarter, Holdings Channel reports. The institutional investor owned 6,610 shares of the company’s stock after selling 440 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Chesapeake Energy were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CHK. Allspring Global Investments Holdings LLC acquired a new stake in Chesapeake Energy during the first quarter worth about $37,000. Private Advisor Group LLC grew its position in Chesapeake Energy by 6.7% during the first quarter. Private Advisor Group LLC now owns 7,530 shares of the company’s stock worth $669,000 after buying an additional 470 shares in the last quarter. Jennison Associates LLC grew its position in Chesapeake Energy by 1.3% during the first quarter. Jennison Associates LLC now owns 200,083 shares of the company’s stock worth $17,773,000 after buying an additional 2,531 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Chesapeake Energy by 57.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,909 shares of the company’s stock worth $614,000 after buying an additional 2,531 shares in the last quarter. Finally, Easterly Investment Partners LLC grew its position in Chesapeake Energy by 90.3% during the first quarter. Easterly Investment Partners LLC now owns 48,326 shares of the company’s stock worth $4,293,000 after buying an additional 22,925 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Chesapeake Energy Price Performance

Shares of NASDAQ:CHK remained flat at $81.46 during trading on Monday. 844 shares of the stock were exchanged, compared to its average volume of 1,988,923. Chesapeake Energy Co. has a 52 week low of $69.12 and a 52 week high of $93.58. The firm has a 50 day simple moving average of $77.48 and a 200-day simple moving average of $81.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16. The company has a market cap of $10.68 billion, a PE ratio of 10.98 and a beta of 0.47.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial decreased their target price on Chesapeake Energy from $108.00 to $96.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. StockNews.com raised Chesapeake Energy to a “sell” rating in a report on Wednesday, August 14th. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Wolfe Research initiated coverage on Chesapeake Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $110.00 price objective on the stock. Finally, Scotiabank decreased their price objective on Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.92.

Chesapeake Energy 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.