Woodstock Corp Purchases New Position in Chesapeake Energy Corporation (NASDAQ:EXE)

Woodstock Corp purchased a new stake 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 and Exchange Commission (SEC). The fund purchased 50,721 shares of the company's stock, valued at approximately $5,646,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXE. Czech National Bank bought a new position in Chesapeake Energy in the 1st quarter worth approximately $5,377,000. Rhumbline Advisers bought a new stake in shares of Chesapeake Energy during the 1st quarter worth $43,592,000. Doliver Advisors LP bought a new stake in shares of Chesapeake Energy during the 1st quarter worth $446,000. Hardin Capital Partners LLC bought a new stake in shares of Chesapeake Energy during the 1st quarter worth $501,000. Finally, Parallel Advisors LLC bought a new stake in shares of Chesapeake Energy during the 1st quarter worth $286,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Chesapeake Energy Trading Down 0.1%

NASDAQ EXE traded down $0.06 on Thursday, reaching $116.14. The company had a trading volume of 859,209 shares, compared to its average volume of 3,918,711. 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 has a 50 day moving average of $109.06 and a two-hundred day moving average of $104.29. Chesapeake Energy Corporation has a fifty-two week low of $69.12 and a fifty-two week high of $120.04. The firm has a market cap of $27.64 billion, a price-to-earnings ratio of 71.69 and a beta of 0.49.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating the consensus estimate 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 forecast that Chesapeake Energy Corporation will post 1.33 EPS for the current year.

Chesapeake Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 1.98%. Chesapeake Energy's dividend payout ratio is presently -42.91%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXE shares. Morgan Stanley increased their target price on Chesapeake Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Barclays upgraded Chesapeake Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $115.00 to $122.00 in a report on Tuesday, April 15th. KeyCorp upgraded Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 target price for the company in a report on Monday, April 21st. Wells Fargo & Company increased their price objective on Chesapeake Energy from $107.00 to $112.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 2nd. Finally, Truist Financial cut 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. One 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $126.79.

About Chesapeake Energy

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.