Parallel Advisors LLC Buys Shares of 2,565 Chesapeake Energy Corporation (NASDAQ:EXE)

Parallel Advisors LLC bought a new position in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,565 shares of the company's stock, valued at approximately $286,000.

Separately, GAMMA Investing LLC bought a new position in shares of Chesapeake Energy during the 1st quarter worth approximately $36,507,000. 97.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXE has been the topic of a number of research analyst reports. Truist Financial cut their price objective 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. Mizuho upped their price target on Chesapeake Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Stephens reduced their price objective on Chesapeake Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Sanford C. Bernstein upgraded Chesapeake Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a report on Thursday, May 22nd. Finally, Benchmark increased their target price on Chesapeake Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $126.79.

Chesapeake Energy Stock Up 1.5%

NASDAQ:EXE traded up $1.78 on Friday, hitting $117.35. The stock had a trading volume of 1,536,240 shares, compared to its average volume of 3,389,923. Chesapeake Energy Corporation has a 1 year low of $81.66 and a 1 year high of $120.04. The firm's fifty day simple moving average is $109.14 and its two-hundred day simple moving average is $104.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $27.93 billion, a P/E ratio of 72.44 and a beta of 0.49.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS 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 the consensus estimate of $2.10 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Analysts predict that Chesapeake Energy Corporation will post 1.33 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 15th. Chesapeake Energy's payout ratio is -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.