Franklin Resources Inc. Buys Shares of 2,187 Chesapeake Energy Co. (NASDAQ:CHKEL)

Franklin Resources Inc. bought a new position in shares of Chesapeake Energy Co. (NASDAQ:CHKEL) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,187 shares of the company’s stock, valued at approximately $137,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oaktree Capital Management LP acquired a new position in shares of Chesapeake Energy in the 4th quarter valued at approximately $5,956,000. Deltec Asset Management LLC bought a new position in Chesapeake Energy in the fourth quarter valued at approximately $156,000. Wolverine Asset Management LLC boosted its holdings in shares of Chesapeake Energy by 983.8% in the fourth quarter. Wolverine Asset Management LLC now owns 16,419 shares of the company’s stock valued at $1,026,000 after buying an additional 14,904 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in shares of Chesapeake Energy during the fourth quarter worth $52,000.

Chesapeake Energy Price Performance

CHKEL opened at $92.23 on Friday. Chesapeake Energy Co. has a 12 month low of $50.86 and a 12 month high of $78.30. The firm’s fifty day simple moving average is $92.05 and its 200 day simple moving average is $84.89.

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.