Solstein Capital LLC Invests $135,000 in Chesapeake Energy Corporation (NASDAQ:EXE)

Solstein Capital LLC acquired a new position in shares of Chesapeake Energy Corporation (NASDAQ:EXE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,214 shares of the company’s stock, valued at approximately $135,000.

Other hedge funds have also modified their holdings of the company. Miracle Mile Advisors LLC purchased a new position in shares of Chesapeake Energy during the 1st quarter worth approximately $1,538,000. Mercuria Capital Strategies LLC purchased a new position in shares of Chesapeake Energy during the 1st quarter worth approximately $35,283,000. Toth Financial Advisory Corp purchased a new position in shares of Chesapeake Energy during the 1st quarter worth approximately $401,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Chesapeake Energy during the 1st quarter worth approximately $223,000. Finally, SG Americas Securities LLC purchased a new position in shares of Chesapeake Energy during the 1st quarter worth approximately $18,777,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Stock Up 1.3%

Shares of EXE opened at $116.46 on Monday. The firm has a market cap of $27.72 billion, a PE ratio of 71.89 and a beta of 0.49. The company’s fifty day moving average is $110.17 and its two-hundred day moving average is $105.18. Chesapeake Energy Corporation has a fifty-two week low of $81.66 and a fifty-two 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.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Analysts forecast that Chesapeake Energy Corporation will post 1.33 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.575 dividend. 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 presently -42.91%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EXE shares. Piper Sandler raised their price objective 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. Morgan Stanley raised their target price 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. Stephens decreased their target price on shares of Chesapeake Energy from $123.00 to $118.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on shares of Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Sanford C. Bernstein upgraded shares of Chesapeake Energy to a “strong-buy” rating and set a $150.00 target price on the stock in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Buy” and an average price target of $127.05.

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.