GAMMA Investing LLC Takes $36.51 Million Position in Chesapeake Energy Corporation (NASDAQ:EXE)

GAMMA Investing LLC bought a new stake in Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 327,949 shares of the company's stock, valued at approximately $36,507,000. GAMMA Investing LLC owned 0.14% of Chesapeake Energy at the end of the most recent reporting period.

Chesapeake Energy Trading Up 1.5%

NASDAQ EXE traded up $1.78 on Friday, reaching $117.35. The stock had a trading volume of 1,536,269 shares, compared to its average volume of 3,389,924. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 72.44 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 12-month low of $81.66 and a 12-month high of $120.04. The stock has a fifty day moving average price of $109.23 and a two-hundred day moving average price of $104.62.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 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 net margin of 6.07% and a return on equity of 2.74%. As a group, sell-side analysts forecast that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The company 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. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXE. Truist Financial decreased their price target on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Benchmark raised their price target 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. KeyCorp raised shares of Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 price target on the stock in a research note on Monday, April 21st. Piper Sandler increased their price objective 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. Finally, Stephens cut their price objective 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. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock 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.