Czech National Bank Invests $5.38 Million in Chesapeake Energy Corporation (NASDAQ:EXE)

Czech National Bank bought a new stake in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 48,302 shares of the company's stock, valued at approximately $5,377,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth about $43,592,000. Doliver Advisors LP acquired a new position in Chesapeake Energy during the 1st quarter valued at about $446,000. Hardin Capital Partners LLC bought a new position in Chesapeake Energy in the 1st quarter worth about $501,000. Parallel Advisors LLC bought a new position in Chesapeake Energy in the 1st quarter worth about $286,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Chesapeake Energy in the first quarter valued at approximately $36,507,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Energy Price Performance

NASDAQ:EXE traded up $1.95 during mid-day trading on Friday, reaching $117.52. 816,937 shares of the stock were exchanged, compared to its average volume of 3,385,923. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $109.14 and a 200 day moving average price of $104.42. Chesapeake Energy Corporation has a 1-year low of $81.66 and a 1-year high of $120.04. The firm has a market capitalization of $27.97 billion, a PE ratio of 72.52 and a beta of 0.49.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.10 billion. Research analysts expect that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXE. Wells Fargo & Company boosted their price objective on Chesapeake Energy from $107.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. UBS Group cut their target price on Chesapeake Energy from $131.00 to $129.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Mizuho boosted their price target on Chesapeake Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. TD Cowen raised Chesapeake Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. Finally, Benchmark lifted their price objective 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. 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 stock. According to data from MarketBeat, Chesapeake Energy currently has a consensus rating of "Buy" and an average price target of $126.79.

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.