Murphy Pohlad Asset Management LLC bought a new stake in Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,885 shares of the company's stock, valued at approximately $2,214,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new stake in Chesapeake Energy during the 1st quarter valued at approximately $1,983,000. M.E. Allison & CO. Inc. purchased a new stake in shares of Chesapeake Energy during the first quarter worth approximately $207,000. Solstein Capital LLC purchased a new position in Chesapeake Energy in the 1st quarter valued at $135,000. Trust Point Inc. purchased a new position in Chesapeake Energy during the 1st quarter worth $219,000. Finally, Exchange Traded Concepts LLC purchased a new position in Chesapeake Energy during the 1st quarter worth $408,000. Hedge funds and other institutional investors own 97.93% of the company's stock.
Chesapeake Energy Trading Up 1.3%
Shares of EXE stock opened at $116.46 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $27.72 billion, a P/E ratio of 71.89 and a beta of 0.49. Chesapeake Energy Corporation has a 1-year low of $81.66 and a 1-year high of $120.04. The firm's 50-day simple moving average is $110.17 and its 200-day simple moving average is $105.18.
Chesapeake Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.17. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $2.20 billion for 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 year.
Chesapeake Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, May 15th. Chesapeake Energy's dividend payout ratio (DPR) is presently -42.91%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on EXE. Barclays upgraded shares of Chesapeake Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $115.00 to $122.00 in a research note on Tuesday, April 15th. Truist Financial lowered their target price on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. dropped their target price 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. Wells Fargo & Company upped their price target on Chesapeake Energy from $107.00 to $112.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. Finally, Mizuho raised their price objective on Chesapeake Energy from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Chesapeake Energy presently has a consensus rating of "Buy" and an average target price of $127.05.
Get Our Latest Analysis on EXE
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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