Expand Energy Corporation (NASDAQ:EXE) CEO Acquires $239,650.00 in Stock

Key Points

• Domenic J. Dell'osso, Jr., the CEO of Expand Energy Corporation, purchased 2,500 shares of stock for a total of $239,650.00, increasing his ownership to approximately 166,715 shares valued at about $15.98 million.
• Expand Energy's stock declined by 2.0% to $93.26, with the company having a market capitalization of $22.21 billion and facing recent challenges as it reported EPS of $1.10, missing expectations by $0.04.
• The company declared a quarterly dividend of $0.575 per share, with an annual yield of 2.5% and a payout ratio of 589.74%, reflecting significant financial commitments despite recent earnings misses.

Expand Energy Corporation (NASDAQ:EXE - Get Free Report) CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was acquired at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the purchase, the chief executive officer owned 166,715 shares in the company, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Expand Energy Stock Down 2.0%

Shares of EXE traded down $1.87 during mid-day trading on Monday, reaching $93.26. The company had a trading volume of 1,355,476 shares, compared to its average volume of 3,761,572. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50-day moving average price of $107.78 and a 200 day moving average price of $107.27. Expand Energy Corporation has a 52 week low of $69.12 and a 52 week high of $123.35. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 239.05 and a beta of 0.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. On average, sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 annualized dividend and a yield of 2.5%. Expand Energy's payout ratio is currently 589.74%.

Institutional Investors Weigh In On Expand Energy

A number of institutional investors and hedge funds have recently bought and sold shares of EXE. Vanguard Group Inc. bought a new stake in shares of Expand Energy in the 1st quarter valued at approximately $2,973,033,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Expand Energy during the first quarter valued at about $1,310,932,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Expand Energy during the first quarter valued at about $701,831,000. Wellington Management Group LLP acquired a new stake in shares of Expand Energy in the 1st quarter worth $624,083,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Expand Energy in the 1st quarter worth approximately $518,328,000. 97.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EXE has been the topic of a number of analyst reports. UBS Group increased their price target on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Bernstein Bank dropped their target price on Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. Mizuho upped their price objective on Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Capital One Financial dropped their price target on Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. Finally, Siebert Williams Shank reduced their price target on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $127.92.

Expand 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.

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