Vista Investment Partners LLC Makes New $516,000 Investment in Chesapeake Energy Corporation (NASDAQ:EXE)

Vista Investment Partners 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 4,633 shares of the company's stock, valued at approximately $516,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXE. Princeton Global Asset Management LLC acquired a new stake in Chesapeake Energy in the 1st quarter worth about $31,000. Peoples Bank KS bought a new position in shares of Chesapeake Energy during the first quarter worth approximately $33,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Chesapeake Energy in the first quarter valued at approximately $56,000. Piscataqua Savings Bank acquired a new stake in shares of Chesapeake Energy in the first quarter valued at approximately $58,000. Finally, Sentry Investment Management LLC bought a new stake in shares of Chesapeake Energy in the first quarter valued at approximately $78,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on EXE shares. Truist Financial dropped their price objective on Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating for the company in a report on Monday, March 17th. Morgan Stanley boosted their price target on Chesapeake Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Barclays raised shares of Chesapeake Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $115.00 to $122.00 in a research report on Tuesday, April 15th. TD Cowen raised shares of Chesapeake Energy from a "hold" rating to a "buy" rating and raised their target price for the company from $108.00 to $116.00 in a report on Tuesday, April 8th. 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 investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $127.16.

Chesapeake Energy Stock Performance

Chesapeake Energy stock opened at $118.61 on Tuesday. The business has a 50 day moving average of $110.54 and a 200-day moving average of $105.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy Corporation has a 1 year low of $81.66 and a 1 year high of $120.04. The company has a market capitalization of $28.23 billion, a P/E ratio of 73.22 and a beta of 0.49.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results 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. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. On average, equities research analysts predict that Chesapeake Energy Corporation will post 1.33 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, May 15th. Chesapeake Energy's dividend payout ratio is currently -42.91%.

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.

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