Two Insiders at Chesapeake Energy Corporation (CHK) Lower Holdings In The Company

Chesapeake Energy Corporation (NYSE:CHK), saw two insiders lower their stakes the company. SVP of Operations John K. Reinhart disposed of 5,926 shares of common stock in two transactions, the first was for 3,720 shares at an average of $29.24 per share, while the other was for 2,206 shares at an average of $29.25 per share; while the SVP of Exploration, John M. Kapchinske, sold 4,832 shares of common stock at an average of $29.24 per share. Following these transactions, Reinhart holds 124,584 shares indirectly, and 2,530 shares directly; while Kapchinske directly has 323,008 shares in Chesapeake Energy Corporation (NYSE:CHK), the $19.65 billion market cap natural gas and oil exploration and production company.
Along with these insiders, two major hedge funds hold large amounts of stock with the company. After no major activity reported last quarter, Mason Hawkins‘ Southeastern Capital Management holds 68,358,840 shares worth about $1.75 billion; while Carl Icahn‘s Icahn Capital Lp reported 0% change as well last quarter, and now holds 66,450,000 shares worth approximately $1.7 billion.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.