One Plus One Wealth Management LLC Makes New Investment in Chesapeake Energy Corporation (NASDAQ:EXE)

One Plus One Wealth Management LLC acquired a new position in shares of Chesapeake Energy Corporation (NASDAQ:EXE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,038 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mercuria Capital Strategies LLC purchased a new position in Chesapeake Energy during the 1st quarter worth $35,283,000. Miracle Mile Advisors LLC acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth $1,538,000. UMB Bank n.a. acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth $139,000. Wedmont Private Capital acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth $643,000. Finally, Piscataqua Savings Bank acquired a new stake in shares of Chesapeake Energy in the 1st quarter worth $58,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Stock Performance

Shares of EXE opened at $117.35 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. 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 50-day moving average of $109.23 and a two-hundred day moving average of $104.62. Chesapeake Energy Corporation has a 12-month low of $81.66 and a 12-month high of $120.04.

Chesapeake Energy (NASDAQ:EXE) last announced its 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 analysts’ expectations of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. As a group, research analysts predict that Chesapeake Energy Corporation will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 15th. Chesapeake Energy’s payout ratio is currently -42.91%.

Analysts Set New Price Targets

Several research firms have recently commented on EXE. Truist Financial reduced their target price on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Piper Sandler raised their target price on shares of Chesapeake Energy from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 28th. Wells Fargo & Company raised their target price on shares of Chesapeake Energy from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 2nd. TD Cowen upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. Finally, Sanford C. Bernstein upgraded 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. One 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 company. According to data from MarketBeat.com, Chesapeake Energy currently has an average rating of “Buy” and an average target price of $126.79.

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.