AAFMAA Wealth Management & Trust LLC Buys Shares of 10,497 Chesapeake Energy Corporation (NASDAQ:EXE)

AAFMAA Wealth Management & Trust LLC bought a new position in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,497 shares of the company's stock, valued at approximately $1,169,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers bought a new position in Chesapeake Energy in the first quarter valued at about $43,592,000. GAMMA Investing LLC bought a new stake in shares of Chesapeake Energy during the first quarter worth about $36,507,000. Vest Financial LLC acquired a new position in shares of Chesapeake Energy in the first quarter valued at approximately $11,682,000. Woodstock Corp acquired a new position in shares of Chesapeake Energy in the first quarter valued at approximately $5,646,000. Finally, Czech National Bank bought a new position in Chesapeake Energy in the 1st quarter valued at approximately $5,377,000. Institutional investors own 97.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Benchmark boosted their target price on shares of Chesapeake Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Sanford C. Bernstein upgraded shares of Chesapeake Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Chesapeake Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Truist Financial lowered their target price on Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, Morgan Stanley lifted their target price on Chesapeake Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $126.79.

Chesapeake Energy Stock Performance

Shares of EXE stock opened at $117.35 on Friday. The firm has a 50 day moving average of $109.23 and a 200-day moving average of $104.57. The company has a market cap of $27.93 billion, a price-to-earnings ratio of 72.44 and a beta of 0.49. 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 52 week low of $81.66 and a 52 week high of $120.04.

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

Chesapeake Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 15th. Chesapeake Energy's payout ratio is -42.91%.

Chesapeake Energy 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.

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