Insider Buying: Chesapeake Energy Corporation (NASDAQ:EXE) CEO Buys 2,500 Shares of Stock

Chesapeake Energy Corporation (NASDAQ:EXE) CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 107,845 shares in the company, valued at $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Chesapeake Energy Trading Up 0.7 %

Shares of EXE stock traded up $0.71 during mid-day trading on Wednesday, reaching $101.41. The stock had a trading volume of 2,089,968 shares, compared to its average volume of 2,664,702. Chesapeake Energy Corporation has a 1-year low of $81.66 and a 1-year high of $109.47. The company has a market cap of $23.60 billion, a price-to-earnings ratio of 62.64 and a beta of 0.52. 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 business has a fifty day moving average of $102.99.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. On average, analysts forecast that Chesapeake Energy Corporation will post 1.33 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.575 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.30 annualized dividend and a dividend yield of 2.27%. Chesapeake Energy’s dividend payout ratio (DPR) is presently -55.83%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EXE shares. Morgan Stanley began coverage on Chesapeake Energy in a report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Chesapeake Energy in a report on Friday, January 31st. They issued a “buy” rating and a $121.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Chesapeake Energy in a report on Thursday, January 16th. They issued an “overweight” rating and a $112.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Finally, Benchmark reaffirmed a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a report 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.