Chesapeake Energy (NASDAQ:CHKEL) Trading Down 0.1% – Here’s Why

Chesapeake Energy Co. (NASDAQ:CHKEL) fell 0.1% during mid-day trading on Wednesday . The company traded as low as $93.58 and last traded at $94.23. 1,144 shares were traded during mid-day trading, an increase of 9% from the average session volume of 1,054 shares. The stock had previously closed at $94.36.

Chesapeake Energy Trading Up 0.3 %

The firm’s fifty day moving average is $85.30 and its 200 day moving average is $70.53.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Chesapeake Energy stock. Wolverine Asset Management LLC lifted its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHKEL) by 498.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,515 shares of the company’s stock after purchasing an additional 1,262 shares during the quarter. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $95,000 as of its most recent SEC filing.

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.