CVA Family Office LLC Takes $1.14 Million Position in Chesapeake Energy Corporation (NASDAQ:EXE)

CVA Family Office LLC acquired a new stake in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,201 shares of the company's stock, valued at approximately $1,136,000.

A number of other hedge funds have also recently modified their holdings of EXE. Miracle Mile Advisors LLC purchased a new position in Chesapeake Energy during the first quarter valued at $1,538,000. Mercuria Capital Strategies LLC purchased a new position in shares of Chesapeake Energy in the 1st quarter worth $35,283,000. Toth Financial Advisory Corp purchased a new position in shares of Chesapeake Energy in the 1st quarter worth $401,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Chesapeake Energy in the 1st quarter worth $223,000. Finally, SG Americas Securities LLC purchased a new position in shares of Chesapeake Energy in the 1st quarter worth $18,777,000. Institutional investors own 97.93% of the company's stock.

Chesapeake Energy Trading Up 1.3%

Shares of Chesapeake Energy stock traded up $1.50 on Friday, reaching $116.46. The company had a trading volume of 2,313,726 shares, compared to its average volume of 3,370,341. The firm's 50 day moving average price is $110.17 and its two-hundred day moving average price is $105.13. The firm has a market cap of $27.72 billion, a PE ratio of 71.89 and a beta of 0.49. Chesapeake Energy Corporation has a 52-week low of $81.66 and a 52-week high of $120.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Sell-side analysts predict that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, May 15th. Chesapeake Energy's payout ratio is currently -42.91%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Cowen raised shares of Chesapeake Energy from a "hold" rating to a "buy" rating and boosted their price objective for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. Benchmark boosted their price objective on shares of Chesapeake Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Mizuho boosted their price objective on shares of Chesapeake Energy from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Morgan Stanley upped their price target on shares of Chesapeake Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, KeyCorp upped their price target on shares of Chesapeake Energy from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $127.05.

About Chesapeake Energy

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.