Miracle Mile Advisors LLC bought a new position in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,813 shares of the company's stock, valued at approximately $1,538,000.
Several other large investors also recently bought and sold shares of EXE. Rhumbline Advisers purchased a new stake in Chesapeake Energy during the first quarter worth approximately $43,592,000. GAMMA Investing LLC purchased a new position in Chesapeake Energy during the 1st quarter worth $36,507,000. Vest Financial LLC acquired a new stake in Chesapeake Energy in the first quarter valued at about $11,682,000. Woodstock Corp purchased a new stake in shares of Chesapeake Energy in the first quarter valued at approximately $5,646,000. Finally, Czech National Bank purchased a new stake in shares of Chesapeake Energy during the 1st quarter worth $5,377,000. Hedge funds and other institutional investors own 97.93% of the company's stock.
Analyst Ratings Changes
EXE has been the subject of several research reports. Benchmark boosted their price objective on shares of Chesapeake Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Piper Sandler upped their price objective on shares of Chesapeake Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. cut their target price on Chesapeake Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Mizuho lifted their price target on shares of Chesapeake Energy from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Finally, KeyCorp raised Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 target price for the company in a research report on Monday, April 21st. One 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's stock. Based on data from MarketBeat.com, Chesapeake Energy currently has a consensus rating of "Buy" and an average price target of $126.79.
Check Out Our Latest Analysis on Chesapeake Energy
Chesapeake Energy Stock Performance
EXE traded down $0.34 during trading hours on Wednesday, hitting $112.23. 2,771,656 shares of the stock were exchanged, compared to its average volume of 3,380,819. The stock has a market cap of $26.71 billion, a price-to-earnings ratio of 69.28 and a beta of 0.49. The stock has a 50-day simple moving average of $109.54 and a 200-day simple moving average of $104.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy Corporation has a 12 month low of $81.66 and a 12 month high of $120.04.
Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates 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. Analysts anticipate that Chesapeake Energy Corporation will post 1.33 earnings per share for the current year.
Chesapeake Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, May 15th. Chesapeake Energy's dividend payout ratio is presently -42.91%.
About Chesapeake Energy
(
Free Report)
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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