Intellectus Partners LLC Takes Position in Chesapeake Energy Corporation (NASDAQ:EXE)

Intellectus Partners LLC acquired a new stake in Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,074 shares of the company's stock, valued at approximately $565,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peoples Bank KS acquired a new position in shares of Chesapeake Energy in the first quarter worth $33,000. Future Financial Wealth Managment LLC purchased a new position in Chesapeake Energy in the first quarter valued at $56,000. Sentry Investment Management LLC acquired a new position in Chesapeake Energy during the 1st quarter worth $78,000. Chickasaw Capital Management LLC purchased a new stake in Chesapeake Energy during the 1st quarter worth about $282,000. Finally, Parallel Advisors LLC purchased a new stake in Chesapeake Energy during the 1st quarter worth about $286,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Chesapeake Energy Stock Up 1.5%

Chesapeake Energy stock opened at $117.35 on Friday. The company has a market capitalization of $27.93 billion, a P/E ratio of 72.44 and a beta of 0.49. 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 Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $120.04. The stock has a 50-day simple moving average of $109.23 and a 200-day simple moving average of $104.57.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Equities research analysts expect that Chesapeake Energy Corporation will post 1.33 earnings per share for the current 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. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a yield of 1.96%. Chesapeake Energy's dividend payout ratio (DPR) is -42.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXE. Barclays upgraded Chesapeake Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $115.00 to $122.00 in a research note on Tuesday, April 15th. Truist Financial decreased their price target on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Morgan Stanley increased their price objective on shares of Chesapeake Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. KeyCorp upgraded shares of Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 price objective on the stock in a report on Monday, April 21st. Finally, Mizuho boosted their target price on shares of Chesapeake Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus 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.

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