Activist Investor Carl Icahn has filed an amended 13D with the SEC regarding his stake in Chesapeake Energy (CHK). Per the filing, Icahn now owns 10.98% of the company with over 73 million shares.
He's increased his position size by 6.6 million shares since the end of the first quarter. The filing indicates that Icahn was out buying on March 11th at a price of $14.15.
Per Google Finance, Chesapeake Energy is "a producer of natural gas and liquids. The Company’s exploration and production segment is responsible for finding and producing natural gas, oil and natural gas liquids (NGL). The marketing, gathering and compression segment is responsible for marketing, gathering and compression of natural gas, oil and NGL."
You can view some of Icahn's prior portfolio activity here.
Tuesday, March 24, 2015
Carl Icahn Increases Chesapeake Energy Stake
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