Chesapeake Energy Corporation (NASDAQ:EXE) CEO Domenic J. Dell’osso, Jr. Buys 2,500 Shares

Chesapeake Energy Corporation (NASDAQ:EXE) CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $99.50 per share, with a total value of $248,750.00. Following the acquisition, the chief executive officer now owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chesapeake Energy Price Performance

Shares of EXE opened at $101.64 on Thursday. Chesapeake Energy Corporation has a 1 year low of $81.66 and a 1 year high of $109.47. The company has a fifty day moving average price of $103.07. 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 $23.65 billion, a price-to-earnings ratio of 62.74 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.82 billion. Sell-side analysts anticipate that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a dividend of $0.575 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 annualized dividend and a yield of 2.26%. Chesapeake Energy’s dividend payout ratio (DPR) is presently -55.83%.

Wall Street Analyst Weigh In

EXE has been the subject of several research analyst reports. Piper Sandler initiated coverage on shares of Chesapeake Energy in a report on Tuesday, January 28th. They issued a “neutral” rating and a $96.00 price objective for the company. Morgan Stanley assumed coverage on shares of Chesapeake Energy in a research report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price target for the company. Raymond James assumed coverage on Chesapeake Energy in a report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price objective on the stock. Truist Financial increased their price target on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Benchmark restated a “buy” rating and issued a $93.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $116.65.

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.