Guggenheim Capital Llc Decreased Chesapeake Energy Corp (NYSE:CHK) Stake By $33.57 Million

May 23, 2018 - By Marie Mckinney

Chesapeake Energy Corporation (NYSE:CHK) LogoInvestors sentiment decreased to 1.04 in 2017 Q4. Its down 0.21, from 1.25 in 2017Q3. It dived, as 44 investors sold CHK shares while 110 reduced holdings. 50 funds opened positions while 110 raised stakes. 548.86 million shares or 4.62% less from 575.42 million shares in 2017Q3 were reported. Conning reported 18,011 shares or 0% of all its holdings. Moreover, Metropolitan Life Ins Ny has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 143,436 shares. Corecommodity Mgmt Ltd Co stated it has 13,560 shares. Amer Group holds 311,214 shares or 0% of its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.05% in Chesapeake Energy Corporation (NYSE:CHK). Tph Asset Mgmt Limited Liability Company holds 92,150 shares or 0.04% of its portfolio. North Star Invest Mngmt Corp has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 30,200 shares. State Of Tennessee Treasury Department owns 235,073 shares for 0% of their portfolio. Ubs Asset Americas owns 1.49 million shares or 0% of their US portfolio. Kentucky Retirement Sys owns 56,036 shares for 0.02% of their portfolio. State Board Of Administration Of Florida Retirement Systems owns 1.10 million shares for 0.01% of their portfolio. Robertson Opportunity Cap Limited Liability holds 0.47% or 203,300 shares in its portfolio. Old West Invest Ltd Com has invested 3.71% in Chesapeake Energy Corporation (NYSE:CHK). Envestnet Asset Management invested in 1,353 shares or 0% of the stock. Duncker Streett & owns 763 shares or 0% of their US portfolio.

Guggenheim Capital Llc decreased its stake in Chesapeake Energy Corp (NYSE:CHK) by 97.2% based on its latest 2018Q1 regulatory filing with the SEC. Guggenheim Capital Llc sold 11.19M shares as the company’s stock declined 23.38% with the market. The institutional investor held 322,405 shares of the oil & gas production company at the end of 2018Q1, valued at $973,000, down from 11.51M at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in Chesapeake Energy Corp for a number of months, seems to be less bullish one the $4.17 billion market cap company. The stock increased 2.20% or $0.1 during the last trading session, reaching $4.64. About 69.23M shares traded or 81.59% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has declined 42.83% since May 23, 2017 and is downtrending. It has underperformed by 54.38% the S&P500.

Guggenheim Capital Llc, which manages about $25.60 billion and $40.99B US Long portfolio, upped its stake in Lendingtree Inc New (NASDAQ:TREE) by 32,024 shares to 43,913 shares, valued at $14.41 million in 2018Q1, according to the filing. It also increased its holding in Fiserv Inc (NASDAQ:FISV) by 509,545 shares in the quarter, for a total of 1.08M shares, and has risen its stake in Brown Forman Corp (NYSE:BF.B).

Guggenheim Capital Llc is a Illinois-based institutional investor with more than $25.60 billion AUM in January, 2015. Guggenheim Capital Llc is the 92th largest institutional investor in our database. Taken from Guggenheim Capital latest Adv, the fund reported to have 32 full and part-time employees. Among which 32 performing investment advisory and research functions. The institutional investor had more than 200 clients.

Chesapeake Energy Corporation (NYSE:CHK) Ratings Coverage

Among 10 analysts covering Chesapeake Energy (NYSE:CHK), 2 have Buy rating, 4 Sell and 4 Hold. Therefore 20% are positive. Chesapeake Energy had 13 analyst reports since December 11, 2017 according to SRatingsIntel. The firm has “Hold” rating by Stephens given on Tuesday, April 24. Bernstein downgraded the shares of CHK in report on Monday, March 26 to “Sell” rating. The firm has “Sell” rating by Citigroup given on Tuesday, April 17. Stephens maintained it with “Hold” rating and $5.0 target in Tuesday, March 13 report. On Tuesday, January 2 the stock rating was maintained by SunTrust with “Buy”. On Monday, March 5 the stock rating was maintained by Susquehanna with “Hold”. The company was maintained on Monday, March 12 by BMO Capital Markets. On Monday, December 11 the stock rating was initiated by Credit Suisse with “Sell”. Mizuho downgraded the shares of CHK in report on Tuesday, January 16 to “Underperform” rating. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, March 14 report.

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company has market cap of $4.17 billion. It operates in two divisions, Exploration and Production; and Marketing, Gathering, and Compression. It currently has negative earnings. The firm holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Seekingalpha.com which released: “Chesapeake Energy Corporation: The Last Holdout” on May 04, 2018, also Fool.com with their article: “Why World Wrestling Entertainment, Chesapeake Energy, and Williams Partners Jumped Today” published on May 17, 2018, Seekingalpha.com published: “Chesapeake Energy: What A Run” on May 18, 2018. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Investorplace.com and their article: “5 Top Stock Trades for Thursday Morning” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “Chesapeake Energy Common Is Making Its Move” with publication date: May 21, 2018.

Chesapeake Energy Corporation (NYSE:CHK) Institutional Positions Chart

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