Toth Financial Advisory Corp Invests $401,000 in Chesapeake Energy Corporation (NASDAQ:EXE)

Toth Financial Advisory Corp purchased a new stake in Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,600 shares of the company's stock, valued at approximately $401,000.

A number of other large investors have also recently made changes to their positions in EXE. Princeton Global Asset Management LLC purchased a new stake in shares of Chesapeake Energy in the first quarter valued at about $31,000. Peoples Bank KS purchased a new stake in Chesapeake Energy during the 1st quarter valued at approximately $33,000. Future Financial Wealth Managment LLC acquired a new stake in Chesapeake Energy during the 1st quarter worth approximately $56,000. Piscataqua Savings Bank purchased a new position in shares of Chesapeake Energy in the 1st quarter valued at approximately $58,000. Finally, Sentry Investment Management LLC purchased a new position in shares of Chesapeake Energy in the 1st quarter valued at approximately $78,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Chesapeake Energy Price Performance

EXE stock traded down $2.37 during midday trading on Tuesday, hitting $112.57. 3,332,088 shares of the stock were exchanged, compared to its average volume of 3,384,356. The stock has a market cap of $26.79 billion, a price-to-earnings ratio of 69.49 and a beta of 0.49. 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 Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $120.04. The stock's 50-day moving average price is $109.26 and its 200-day moving average price is $104.75.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results 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. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Research 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 declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.04%. Chesapeake Energy's dividend payout ratio is presently -42.91%.

Analyst Ratings Changes

Several brokerages recently weighed in on EXE. Wells Fargo & Company increased 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. Morgan Stanley upped their price objective on shares of Chesapeake Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Barclays raised shares of Chesapeake Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $115.00 to $122.00 in a report on Tuesday, April 15th. Truist Financial dropped their price target on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, UBS Group cut their price target on shares of Chesapeake Energy from $131.00 to $129.00 and set a "buy" rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Chesapeake Energy presently has a consensus rating of "Buy" and a consensus target price of $126.79.

Chesapeake Energy 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.