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. bought 2,500 shares of the business’s 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 completion of the acquisition, the chief executive officer now owns 107,845 shares in the company, valued at approximately $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Chesapeake Energy Trading Up 0.7 %

EXE stock traded up $0.71 during mid-day trading on Wednesday, reaching $101.41. The company’s stock had a trading volume of 2,089,968 shares, compared to its average volume of 2,664,702. The stock has a market cap of $23.60 billion, a PE ratio of 62.64 and a beta of 0.52. The company’s 50 day moving average price is $102.99. Chesapeake Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $109.47. 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 released its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping 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 company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, analysts forecast that Chesapeake Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, March 11th. Chesapeake Energy’s dividend payout ratio is currently -55.83%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EXE shares. Benchmark restated a “buy” rating and set a $93.00 price target on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Citigroup upped their price target on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Mizuho raised their price objective on Chesapeake Energy from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, UBS Group boosted their price objective on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.65.

About Chesapeake Energy

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.