Deltec Asset Management LLC Takes Position in Chesapeake Energy Co. (NASDAQ:CHKEL)

Deltec Asset Management LLC acquired a new position in shares of Chesapeake Energy Co. (NASDAQ:CHKEL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,500 shares of the company’s stock, valued at approximately $156,000.

Separately, Wolverine Asset Management LLC raised its holdings in shares of Chesapeake Energy by 498.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 1,515 shares of the company’s stock valued at $95,000 after purchasing an additional 1,262 shares during the period.

Chesapeake Energy Price Performance

CHKEL stock opened at $89.15 on Wednesday. Chesapeake Energy Co. has a 1-year low of $50.86 and a 1-year high of $78.30. The business’s 50 day simple moving average is $87.20 and its 200 day simple moving average is $71.84.

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.