TCW Group Inc. Reduces Stock Position in Chesapeake Energy Co. (NASDAQ:CHKEZ)

TCW Group Inc. lowered its stake in shares of Chesapeake Energy Co. (NASDAQ:CHKEZ) by 32.4% during the 4th quarter, HoldingsChannel reports. The fund owned 10,286 shares of the company’s stock after selling 4,930 shares during the period. TCW Group Inc.’s holdings in Chesapeake Energy were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Wolverine Asset Management LLC raised its position in shares of Chesapeake Energy by 20.2% in the fourth quarter. Wolverine Asset Management LLC now owns 9,963 shares of the company’s stock worth $638,000 after buying an additional 1,674 shares in the last quarter.

Chesapeake Energy Stock Performance

Shares of CHKEZ stock opened at $99.27 on Tuesday. Chesapeake Energy Co. has a 52-week low of $56.84 and a 52-week high of $82.01. The business’s fifty day moving average is $94.54 and its 200 day moving average is $79.06.

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.