Salem Investment Counselors Inc. purchased a new position in shares of Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,281 shares of the company's stock, valued at approximately $922,000.
Several other institutional investors also recently bought and sold shares of the business. Princeton Global Asset Management LLC bought a new stake in shares of Chesapeake Energy in the 1st quarter worth $31,000. Peoples Bank KS purchased a new stake in Chesapeake Energy in the 1st quarter worth approximately $33,000. Future Financial Wealth Managment LLC acquired a new position in Chesapeake Energy in the 1st quarter worth about $56,000. Piscataqua Savings Bank acquired a new position in Chesapeake Energy in the first quarter worth approximately $58,000. Finally, Sentry Investment Management LLC bought a new position in Chesapeake Energy during the first quarter valued at approximately $78,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.
Chesapeake Energy Trading Up 1.3%
Shares of EXE traded up $1.50 during mid-day trading on Friday, reaching $116.46. The stock had a trading volume of 2,313,726 shares, compared to its average volume of 3,370,341. The firm has a market cap of $27.72 billion, a price-to-earnings ratio of 71.89 and a beta of 0.49. Chesapeake Energy Corporation has a 52-week low of $81.66 and a 52-week high of $120.04. 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 business's fifty day moving average is $109.84 and its 200 day moving average is $104.97.
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, topping analysts' consensus estimates of $1.85 by $0.17. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. On average, sell-side analysts predict that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.
Chesapeake Energy Dividend Announcement
The company also recently announced 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. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 1.97%. Chesapeake Energy's dividend payout ratio (DPR) is currently -42.91%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on EXE shares. Mizuho raised their price target on Chesapeake Energy from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Sanford C. Bernstein upgraded Chesapeake Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reduced their target price on shares of Chesapeake Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley raised their target price on Chesapeake Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Finally, Barclays raised shares of Chesapeake Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $115.00 to $122.00 in a research report on Tuesday, April 15th. One research 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $127.05.
View Our Latest Stock 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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