Doliver Advisors LP Buys Shares of 4,008 Chesapeake Energy Corporation (NASDAQ:EXE)

Doliver Advisors LP purchased a new position in Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,008 shares of the company's stock, valued at approximately $446,000.

Separately, Parallel Advisors LLC acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth about $286,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Chesapeake Energy Trading Up 2.7%

Shares of Chesapeake Energy stock traded up $3.17 during trading on Monday, hitting $119.30. The stock had a trading volume of 2,592,946 shares, compared to its average volume of 3,423,186. The stock has a 50 day simple moving average of $108.78 and a 200 day simple moving average of $104.11. The company has a market capitalization of $28.39 billion, a PE ratio of 73.64 and a beta of 0.46. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy Corporation has a 1 year low of $81.66 and a 1 year high of $119.40.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. On average, research analysts expect that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, May 15th. Chesapeake Energy's dividend payout ratio (DPR) is currently -42.91%.

Insider Buying and Selling

In other news, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of Chesapeake Energy stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the transaction, the chief executive officer now owns 107,845 shares in the company, valued at approximately $10,730,577.50. This trade represents a 2.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial dropped their price objective on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, March 17th. TD Cowen raised shares of Chesapeake Energy from a "hold" rating to a "buy" rating and raised their target price for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. KeyCorp raised shares of Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 target price on the stock in a research note on Monday, April 21st. Benchmark raised their target price on shares of Chesapeake Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company raised their target price on shares of Chesapeake Energy from $107.00 to $112.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $126.79.

Chesapeake Energy Company Profile

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.