Do Chesapeake’s Heaviest Stockholders Still Back the CEO?
Shares of Cheasapeake Energy Corporation’s (NYSE:CHK) stock are trading 35.1% lower in 2012. Its stock has tanked in the last few weeks thanks to attacks on its CEO and board’s compensation along with the company’s supposed lack of transparency and tricky financial structure. Changes have been made including the acceleration of its liquids production growth and asset monetization. Looking ahead to better times, on Wednesday, Oppenheimer&Co. gave it a “Buy” rating, reported Barron’s.
A Closer Look: Chesapeake Earnings Cheat Sheet>>
757 institutional firms indicated owning shares of Chesapeake Energy Corporation (NYSE:CHK) in Q1 2012. These firms reported owning a total of 1.976 billion shares on 03/31/2012 . The shares closed at $23.07 on 03/31/2012.
Here are the ten largest positions in Chesapeake Energy Corporation at the end of March 31st, 2012.
Fmr llc held 159,774,000 shares on 03/31/2012 worth $147,020,000.
Waterstone Capital Management L.P. held 118,471,000 shares on 03/31/2012 worth $108,445,000.
Allianz Asset Management of America L.P. held 95,620,000 shares on 03/31/2012 worth $90,161,000.
Tcw Group Inc held 90,202,000 shares on 03/31/2012 worth $75,194,000.
Southeastern Asset Management Inc/tn/ held 86,582,787 shares on 03/31/2012 worth $2,006,123,181.
Pioneer Investment Management Inc held 69,410,000 shares on 03/31/2012 worth $61,526,000.
Goldman Sachs Group Inc held 68,809,000 shares on 03/31/2012 worth $63,305,840.
Advent Capital Management /De/ held 67,506,000 shares on 03/31/2012 worth $58,861,000.
Babson Capital Management LLC held 64,517,174 shares on 03/31/2012 worth $58,469,000.
Zazove Associates LLC held 64,411,000 shares on 03/31/2012 worth $59,017,000.
Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.