5 Best Mid-Cap Value Stocks to Buy Now

3. Chesapeake Energy Corporation (NASDAQ:CHK)

Number of Hedge Fund Investors in Q2 2023: 44

Chesapeake Energy Corporation (NASDAQ:CHK) is an American oil and gas exploration and production company with a presence in Pennsylvania and Louisiana. The firm’s shares might be in for some action over the coming months as natural gas futures soared to $3 in October due to dropping U.S. inventories.

By the end of this year’s second quarter, 44 out of the 910 hedge funds polled by Insider Monkey had held a stake in Chesapeake Energy Corporation (NASDAQ:CHK). Out of these, the largest shareholder is Howard Marks’ Oaktree Capital Management since it owns $615 million worth of shares.

Follow Chesapeake Energy Corp (NYSE:CHK)