Fifth Third Wealth Advisors LLC Invests $466,000 in Chesapeake Energy Corporation (NASDAQ:EXE)

Fifth Third Wealth Advisors LLC acquired a new position in Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,188 shares of the company's stock, valued at approximately $466,000.

Other large investors have also recently bought and sold shares of the company. Peoples Bank KS bought a new stake in Chesapeake Energy in the first quarter worth $33,000. Parallel Advisors LLC bought a new stake in Chesapeake Energy in the first quarter worth $286,000. Doliver Advisors LP bought a new stake in Chesapeake Energy in the first quarter worth $446,000. Finally, GAMMA Investing LLC bought a new stake in Chesapeake Energy in the first quarter worth $36,507,000. 97.93% of the stock is currently owned by institutional investors.

Chesapeake Energy Price Performance

NASDAQ:EXE traded down $0.63 during mid-day trading on Thursday, hitting $115.57. The company's stock had a trading volume of 1,691,541 shares, compared to its average volume of 3,400,882. Chesapeake Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week 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. The company has a market capitalization of $27.50 billion, a price-to-earnings ratio of 71.34 and a beta of 0.49. The stock has a fifty day moving average of $109.06 and a 200-day moving average of $104.29.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted 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. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, equities analysts forecast that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.99%. The ex-dividend date was Thursday, May 15th. Chesapeake Energy's dividend payout ratio (DPR) is presently -42.91%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXE. Piper Sandler upped their price target on shares of Chesapeake Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. TD Cowen upgraded shares of Chesapeake Energy from a "hold" rating to a "buy" rating and upped their price target for the company from $108.00 to $116.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of Chesapeake Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Stephens decreased their price target on shares of Chesapeake Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, KeyCorp upgraded shares of Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 price target for the company in a report on Monday, April 21st. One 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. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $126.79.

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.