Murphy Pohlad Asset Management LLC Acquires Shares of 19,885 Chesapeake Energy Corporation (NASDAQ:EXE)

Murphy Pohlad Asset Management LLC bought a new stake in shares of Chesapeake Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 19,885 shares of the company’s stock, valued at approximately $2,214,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new stake in shares of Chesapeake Energy during the first quarter valued at about $31,000. Peoples Bank KS purchased a new stake in shares of Chesapeake Energy during the first quarter worth $33,000. Future Financial Wealth Managment LLC acquired a new stake in Chesapeake Energy in the 1st quarter worth approximately $56,000. Piscataqua Savings Bank bought a new position in shares of Chesapeake Energy during the 1st quarter worth about $58,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Chesapeake Energy during the 1st quarter valued at about $78,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXE. Truist Financial decreased 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 note on Monday, March 17th. Sanford C. Bernstein raised shares of Chesapeake Energy to a “strong-buy” rating and set a $150.00 target price for the company in a research note on Thursday, May 22nd. Stephens reduced their price objective on Chesapeake Energy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. KeyCorp increased their price objective on shares of Chesapeake Energy from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Morgan Stanley upped their price objective on Chesapeake Energy from $137.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. One equities research 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $127.05.

Chesapeake Energy Stock Up 1.3%

Shares of EXE opened at $116.46 on Monday. The firm has a 50 day simple moving average of $110.17 and a two-hundred day simple moving average of $105.18. The company has a market cap of $27.72 billion, a P/E ratio of 71.89 and a beta of 0.49. 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 $120.04.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings data 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. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Research analysts forecast that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Thursday, May 15th. Chesapeake Energy’s dividend payout ratio (DPR) 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.