Chesapeake Energy (NASDAQ:CHKEL) Trading Up 2.6%

Chesapeake Energy Co. (NASDAQ:CHKEL) traded up 2.6% during mid-day trading on Wednesday . The company traded as high as $74.50 and last traded at $74.50. 861 shares traded hands during trading, a decline of 32% from the average session volume of 1,273 shares. The stock had previously closed at $72.61.

Chesapeake Energy Stock Performance

The stock’s 50-day moving average is $68.89 and its two-hundred day moving average is $64.80.

Hedge Funds Weigh In On Chesapeake Energy

A number of hedge funds have recently made changes to their positions in CHKEL. Bluefin Capital Management LLC boosted its position in Chesapeake Energy by 1.0% in the 3rd quarter. Bluefin Capital Management LLC now owns 1,206,283 shares of the company’s stock valued at $82,908,000 after buying an additional 12,364 shares during the period. Warberg Asset Management LLC lifted its position in shares of Chesapeake Energy by 11.1% during the 3rd quarter. Warberg Asset Management LLC now owns 24,688 shares of the company’s stock worth $1,719,000 after purchasing an additional 2,463 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in Chesapeake Energy by 53.0% during the 4th quarter. Wolverine Asset Management LLC now owns 11,841 shares of the company’s stock worth $701,000 after acquiring an additional 4,101 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.