Union Bancaire Privee UBP SA Makes New $813,000 Investment in Chesapeake Energy Corporation (NASDAQ:EXE)

Union Bancaire Privee UBP SA acquired a new stake in Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 7,299 shares of the company's stock, valued at approximately $813,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Miracle Mile Advisors LLC bought a new position in Chesapeake Energy during the 1st quarter worth about $1,538,000. Mercuria Capital Strategies LLC bought a new stake in shares of Chesapeake Energy in the first quarter valued at about $35,283,000. Toth Financial Advisory Corp acquired a new position in shares of Chesapeake Energy during the first quarter worth about $401,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Chesapeake Energy during the first quarter worth about $223,000. Finally, SG Americas Securities LLC acquired a new position in Chesapeake Energy during the 1st quarter worth approximately $18,777,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Energy Stock Performance

Shares of NASDAQ EXE traded up $1.50 during mid-day trading on Friday, reaching $116.46. 2,313,726 shares of the company were exchanged, compared to its average volume of 3,370,338. The stock has a market capitalization of $27.72 billion, a P/E ratio of 71.89 and a beta of 0.49. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The company's 50-day simple moving average is $109.84 and its 200-day simple moving average is $104.97. Chesapeake Energy Corporation has a twelve month low of $81.66 and a twelve month high of $120.04.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. 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 predict that Chesapeake Energy Corporation will post 1.33 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a yield of 1.97%. Chesapeake Energy's payout ratio is currently -42.91%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Morgan Stanley boosted 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. Truist Financial lowered their target price on Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Piper Sandler increased their price target on Chesapeake Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Mizuho boosted their price target on Chesapeake Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. cut their price objective on Chesapeake Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. One 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 stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $127.05.

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.