CVA Family Office LLC Takes Position in Chesapeake Energy Corporation (NASDAQ:EXE)

CVA Family Office LLC acquired a new stake in shares of Chesapeake Energy Corporation (NASDAQ:EXE) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,201 shares of the company’s stock, valued at approximately $1,136,000.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on EXE. Sanford C. Bernstein upgraded shares of Chesapeake Energy to a “strong-buy” rating and set a $150.00 price target on the stock in a research report on Thursday, May 22nd. Truist Financial reduced their price target on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. UBS Group reduced their price target on shares of Chesapeake Energy from $131.00 to $129.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Barclays upgraded shares of Chesapeake Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $115.00 to $122.00 in a research report on Tuesday, April 15th. Finally, Mizuho boosted their price target on shares of Chesapeake Energy from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $127.05.

Chesapeake Energy Price Performance

EXE stock opened at $116.46 on Friday. Chesapeake Energy Corporation has a 52-week low of $81.66 and a 52-week high of $120.04. 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 has a market capitalization of $27.72 billion, a PE ratio of 71.89 and a beta of 0.49. The stock’s 50 day moving average is $109.84 and its two-hundred day moving average is $104.97.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. The company 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%. Analysts predict that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Thursday, May 15th. Chesapeake Energy’s dividend payout ratio is -42.91%.

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.