Warberg Asset Management LLC Decreases Stake in Chesapeake Energy Co. (NASDAQ:CHKEL)

Warberg Asset Management LLC lowered its stake in Chesapeake Energy Co. (NASDAQ:CHKEL) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,060 shares of the company’s stock after selling 1,628 shares during the period. Warberg Asset Management LLC’s holdings in Chesapeake Energy were worth $1,366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHKEL. CSS LLC IL purchased a new position in shares of Chesapeake Energy during the second quarter worth $283,000. Bluefin Capital Management LLC boosted its position in Chesapeake Energy by 1.0% during the third quarter. Bluefin Capital Management LLC now owns 1,206,283 shares of the company’s stock worth $82,908,000 after acquiring an additional 12,364 shares during the last quarter. Walleye Capital LLC raised its stake in Chesapeake Energy by 61.3% during the first quarter. Walleye Capital LLC now owns 1,337,776 shares of the company’s stock worth $74,354,000 after purchasing an additional 508,360 shares during the period. Citadel Advisors LLC raised its stake in Chesapeake Energy by 20.4% during the second quarter. Citadel Advisors LLC now owns 280,441 shares of the company’s stock worth $14,715,000 after purchasing an additional 47,460 shares during the period. Finally, Prelude Capital Management LLC raised its stake in Chesapeake Energy by 148.3% during the first quarter. Prelude Capital Management LLC now owns 23,441 shares of the company’s stock worth $1,303,000 after purchasing an additional 14,000 shares during the period.

Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock traded up $1.95 on Thursday, reaching $73.35. The company had a trading volume of 4,411 shares, compared to its average volume of 1,372. The firm’s 50 day moving average price is $62.44 and its two-hundred day moving average price is $64.01. Chesapeake Energy Co. has a 52-week low of $56.03 and a 52-week high of $73.69.

About Chesapeake Energy

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.