Rep. Robert Bresnahan, Jr. Purchases Shares of Chesapeake Energy Corporation (NASDAQ:EXE)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Chesapeake Energy Corporation NASDAQ: EXE. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Chesapeake Energy stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Chesapeake Energy Stock Performance

Shares of Chesapeake Energy stock traded up $1.17 during trading hours on Thursday, reaching $113.91. The company had a trading volume of 180,120 shares, compared to its average volume of 3,471,522. The business has a fifty day simple moving average of $105.83 and a 200 day simple moving average of $101.59. The firm has a market cap of $27.11 billion, a PE ratio of 70.28 and a beta of 0.46. 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 one year low of $81.66 and a one year high of $114.04.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. On average, analysts anticipate that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 15th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, May 15th. Chesapeake Energy's dividend payout ratio (DPR) is currently -42.91%.

Insider Buying and Selling

In other Chesapeake Energy news, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $99.50 per share, with a total value of $248,750.00. Following the purchase, the chief executive officer now owns 107,845 shares of the company's stock, valued at $10,730,577.50. This represents a 2.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chesapeake Energy

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new position in Chesapeake Energy during the 1st quarter valued at $2,973,033,000. Price T Rowe Associates Inc. MD bought a new stake in Chesapeake Energy in the 1st quarter valued at $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Chesapeake Energy during the 1st quarter worth about $701,831,000. Wellington Management Group LLP bought a new stake in Chesapeake Energy in the first quarter valued at about $624,083,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Chesapeake Energy in the first quarter worth about $518,328,000. Institutional investors own 97.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EXE. UBS Group decreased their price objective 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. Stephens lowered their price target on shares of Chesapeake Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. KeyCorp raised Chesapeake Energy from a "sector weight" rating to an "overweight" rating and set a $130.00 target price on the stock in a research note on Monday, April 21st. Citigroup upped their price objective on Chesapeake Energy from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Chesapeake Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chesapeake Energy has an average rating of "Buy" and a consensus price target of $125.33.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.