Wealthcare Advisory Partners LLC Makes New Investment in Chesapeake Energy Corporation (NASDAQ:EXE)

Wealthcare Advisory Partners LLC purchased a new stake in Chesapeake Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 3,121 shares of the company’s stock, valued at approximately $347,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Chesapeake Energy during the first quarter worth approximately $36,507,000. Parallel Advisors LLC purchased a new position in shares of Chesapeake Energy in the 1st quarter worth $286,000. Doliver Advisors LP acquired a new position in Chesapeake Energy in the first quarter valued at $446,000. Peoples Bank KS purchased a new stake in Chesapeake Energy during the first quarter valued at about $33,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in Chesapeake Energy during the first quarter worth about $466,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

EXE has been the subject of a number of research analyst reports. Stephens dropped their target price on shares of Chesapeake Energy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. UBS Group cut their target price on shares of Chesapeake Energy from $131.00 to $129.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Morgan Stanley upped their price target on shares of Chesapeake Energy from $137.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Mizuho raised their price objective on Chesapeake Energy from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Finally, Barclays raised Chesapeake Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $115.00 to $122.00 in a research report on Tuesday, April 15th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $127.05.

Chesapeake Energy Stock Up 1.3%

NASDAQ:EXE opened at $116.46 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market capitalization of $27.72 billion, a price-to-earnings ratio of 71.89 and a beta of 0.49. Chesapeake Energy Corporation has a one year low of $81.66 and a one year high of $120.04. The stock has a 50-day simple moving average of $110.17 and a 200 day simple moving average of $105.13.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts predict that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 1.97%. 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.