Piscataqua Savings Bank Makes New $58,000 Investment in Chesapeake Energy Corporation (NASDAQ:EXE)

Piscataqua Savings Bank purchased a new position in Chesapeake Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 520 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC purchased a new stake in shares of Chesapeake Energy during the first quarter valued at $31,000. Peoples Bank KS purchased a new stake in shares of Chesapeake Energy in the first quarter valued at approximately $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Chesapeake Energy in the 1st quarter worth $56,000. Sentry Investment Management LLC purchased a new stake in shares of Chesapeake Energy in the 1st quarter worth approximately $78,000. Finally, Chickasaw Capital Management LLC purchased a new stake in shares of Chesapeake Energy in the 1st quarter worth approximately $282,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Stock Up 1.5%

Shares of EXE opened at $117.35 on Friday. Chesapeake Energy Corporation has a one year low of $81.66 and a one year high of $120.04. The stock has a market capitalization of $27.93 billion, a price-to-earnings ratio of 72.44 and a beta of 0.49. The stock has a 50 day moving average price of $109.23 and a 200 day moving average price of $104.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.17. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Equities research 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 declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.96%. Chesapeake Energy’s dividend payout ratio (DPR) is presently -42.91%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXE. Piper Sandler upped their price objective on Chesapeake Energy from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 28th. UBS Group decreased their price target on shares of Chesapeake Energy from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company increased their price target on shares of Chesapeake Energy from $107.00 to $112.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. Stephens decreased 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. Finally, JPMorgan Chase & Co. decreased their price objective on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chesapeake Energy currently has an average rating of “Buy” and an average target price of $126.79.

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.