Farther Finance Advisors LLC Invests $439,000 in Chesapeake Energy Corporation (NASDAQ:EXE)

Farther Finance Advisors LLC bought a new position in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,896 shares of the company's stock, valued at approximately $439,000.

A number of other hedge funds have also modified their holdings of the business. Rhumbline Advisers purchased a new position in shares of Chesapeake Energy during the first quarter worth approximately $43,592,000. GAMMA Investing LLC purchased a new position in shares of Chesapeake Energy during the first quarter worth approximately $36,507,000. Mercuria Capital Strategies LLC purchased a new position in shares of Chesapeake Energy during the first quarter worth approximately $35,283,000. Vest Financial LLC purchased a new position in shares of Chesapeake Energy during the first quarter worth approximately $11,682,000. Finally, Woodstock Corp purchased a new position in shares of Chesapeake Energy during the first quarter worth approximately $5,646,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Chesapeake Energy to a "strong-buy" rating and set a $150.00 target price on the stock in a research report on Thursday, May 22nd. Stephens lowered their price objective 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. Wells Fargo & Company lifted their price objective on shares of Chesapeake Energy from $107.00 to $112.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 2nd. TD Cowen upgraded shares of Chesapeake Energy from a "hold" rating to a "buy" rating and lifted their price objective for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. Finally, UBS Group lowered their price objective 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 equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $127.05.

Chesapeake Energy Trading Up 1.3%

NASDAQ:EXE opened at $116.46 on Monday. The company has a market capitalization of $27.72 billion, a PE ratio of 71.89 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. The stock has a fifty day simple moving average of $110.17 and a 200-day simple moving average of $105.18.

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, topping the consensus estimate of $1.85 by $0.17. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. On average, equities research analysts expect that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

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

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.

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