Chickasaw Capital Management LLC Makes New $282,000 Investment in Chesapeake Energy Corporation (NASDAQ:EXE)

Chickasaw Capital Management LLC purchased a new stake in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,534 shares of the company's stock, valued at approximately $282,000.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers bought a new position in Chesapeake Energy during the first quarter valued at approximately $43,592,000. GAMMA Investing LLC bought a new position in Chesapeake Energy during the first quarter valued at approximately $36,507,000. Woodstock Corp bought a new position in Chesapeake Energy during the first quarter valued at approximately $5,646,000. Czech National Bank bought a new position in Chesapeake Energy during the first quarter valued at approximately $5,377,000. Finally, Gradient Investments LLC bought a new position in Chesapeake Energy during the first quarter valued at approximately $2,265,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EXE shares. KeyCorp upgraded shares of Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 price objective on the stock in a research report on Monday, April 21st. Stephens decreased their price target on shares of Chesapeake Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler increased their price target on shares of Chesapeake Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Mizuho increased their price target on shares of Chesapeake Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, UBS Group decreased their price target on shares of Chesapeake Energy from $131.00 to $129.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $126.79.

Chesapeake Energy Price Performance

EXE traded up $1.78 during trading on Friday, hitting $117.35. 1,536,269 shares of the company traded hands, compared to its average volume of 3,389,924. The company has a market cap of $27.93 billion, a PE ratio of 72.44 and a beta of 0.49. The stock's 50-day simple moving average is $109.23 and its two-hundred day simple moving average is $104.57. Chesapeake Energy Corporation has a 1 year low of $81.66 and a 1 year high of $120.04. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.17. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. As a group, sell-side analysts anticipate that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

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

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.