Intellectus Partners LLC Purchases New Holdings in Chesapeake Energy Corporation (NASDAQ:EXE)

Intellectus Partners LLC acquired a new stake in shares of Chesapeake Energy Corporation (NASDAQ:EXE) in the 1st quarter, HoldingsChannel reports. The firm acquired 5,074 shares of the company’s stock, valued at approximately $565,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in shares of Chesapeake Energy in the first quarter valued at approximately $43,592,000. GAMMA Investing LLC acquired a new position in Chesapeake Energy in the 1st quarter valued at $36,507,000. Vest Financial LLC purchased a new position in Chesapeake Energy during the 1st quarter worth $11,682,000. Woodstock Corp acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth $5,646,000. Finally, Czech National Bank acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth $5,377,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXE. TD Cowen upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. Stephens cut their target price on Chesapeake Energy from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company raised their price target on Chesapeake Energy from $107.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their price target on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, KeyCorp upgraded Chesapeake Energy from a “sector weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a research report on Monday, April 21st. One investment 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 data from MarketBeat.com, Chesapeake Energy presently has an average rating of “Buy” and an average price target of $126.79.

Chesapeake Energy Trading Up 1.5%

Shares of EXE stock opened at $117.35 on Friday. The stock has a market cap of $27.93 billion, a P/E ratio of 72.44 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. Chesapeake Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $120.04. The business has a fifty day simple moving average of $109.23 and a 200-day simple moving average of $104.57.

Chesapeake Energy (NASDAQ:EXE) 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. 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. On average, analysts forecast that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal 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 given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 1.96%. Chesapeake Energy’s dividend payout ratio is currently -42.91%.

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.