Expand Energy (NASDAQ:EXE) CFO Marcel Teunissen Acquires 2,000 Shares

Key Points

• CFO Marcel Teunissen bought 2,000 shares on May 7 at an average price of $96.43 (≈$192,860), boosting his holdings 28% to 9,144 shares; the purchase was disclosed in an SEC filing.
• Company fundamentals and outlook: Expand Energy beat Q1 estimates with EPS $3.83 vs $3.61 and revenue $4.40B vs $3.53B, announced a $0.575 quarterly dividend (2.4% yield, ex-dividend May 14), and has a consensus analyst target of $132.09 with an overall "Moderate Buy" rating.

Expand Energy Corporation (NASDAQ:EXE - Get Free Report) CFO Marcel Teunissen bought 2,000 shares of the stock in a transaction on Thursday, May 7th. The shares were bought at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the acquisition, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. The trade was a 28.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Expand Energy Trading Up 0.5%

Shares of Expand Energy stock traded up $0.49 during trading hours on Thursday, reaching $97.42. 3,045,177 shares of the company's stock were exchanged, compared to its average volume of 3,807,802. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. The firm has a market capitalization of $23.31 billion, a price-to-earnings ratio of 7.26 and a beta of 0.36. The company has a fifty day moving average of $103.60 and a 200-day moving average of $107.49. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Sell-side analysts forecast that Expand Energy Corporation will post 8.87 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy's dividend payout ratio (DPR) is 17.15%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EXE. Benchmark increased their target price on Expand Energy from $112.00 to $124.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Morgan Stanley reiterated an "overweight" rating on shares of Expand Energy in a report on Friday, March 27th. Weiss Ratings upgraded Expand Energy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, February 19th. KeyCorp reiterated a "sector weight" rating on shares of Expand Energy in a report on Thursday, April 2nd. Finally, UBS Group increased their price target on Expand Energy from $133.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Expand Energy currently has an average rating of "Moderate Buy" and a consensus target price of $132.09.

Hedge Funds Weigh In On Expand Energy

A number of large investors have recently bought and sold shares of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Expand Energy in the first quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expand Energy during the first quarter valued at approximately $208,000. Focus Partners Wealth bought a new stake in shares of Expand Energy during the first quarter valued at approximately $205,000. Geneos Wealth Management Inc. bought a new stake in shares of Expand Energy during the first quarter valued at approximately $79,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Expand Energy during the second quarter valued at approximately $757,000. Institutional investors own 97.93% of the company's stock.

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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