NBC Securities Inc. Buys Shares of 11,712 Chesapeake Energy Corporation (NASDAQ:EXE)

NBC Securities Inc. acquired a new stake in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,712 shares of the company's stock, valued at approximately $1,303,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peoples Bank KS bought a new position in shares of Chesapeake Energy during the 1st quarter valued at approximately $33,000. Future Financial Wealth Managment LLC bought a new stake in Chesapeake Energy in the first quarter worth $56,000. Parallel Advisors LLC purchased a new position in Chesapeake Energy during the first quarter worth $286,000. Doliver Advisors LP purchased a new position in Chesapeake Energy during the first quarter worth $446,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Chesapeake Energy during the first quarter valued at $466,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXE. TD Cowen upgraded shares of Chesapeake Energy from a "hold" rating to a "buy" rating and raised their target price for the stock from $108.00 to $116.00 in a report on Tuesday, April 8th. Raymond James started coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They issued a "strong-buy" rating and a $135.00 price objective on the stock. Mizuho raised their price objective 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. KeyCorp upgraded 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. Finally, Morgan Stanley increased their price target on Chesapeake Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $126.79.

Chesapeake Energy Stock Down 1.7%

NASDAQ EXE traded down $2.02 on Wednesday, reaching $116.20. 2,146,630 shares of the stock traded hands, compared to its average volume of 3,411,063. Chesapeake Energy Corporation has a 12 month low of $81.66 and a 12 month high of $120.04. The company has a market cap of $27.65 billion, a price-to-earnings ratio of 71.73 and a beta of 0.49. The company has a fifty day moving average price of $108.95 and a 200-day moving average price of $104.21. 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 (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 firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. As a group, research analysts forecast that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be issued a $0.575 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 1.98%. Chesapeake Energy's dividend payout ratio is currently -42.91%.

Chesapeake Energy Company 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.