Aurora Investment Counsel Buys New Stake in Expand Energy Corporation (NASDAQ:EXE)

Aurora Investment Counsel bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,385 shares of the company's stock, valued at approximately $1,156,000.

A number of other large investors have also recently bought and sold shares of the stock. Securian Asset Management Inc. acquired a new stake in shares of Expand Energy during the first quarter worth $1,240,000. Key Financial Inc acquired a new stake in shares of Expand Energy during the first quarter worth $41,000. CWM LLC purchased a new position in shares of Expand Energy in the 1st quarter worth $292,000. Oxbow Advisors LLC purchased a new position in shares of Expand Energy in the 1st quarter worth $436,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Expand Energy in the 1st quarter worth $1,258,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Stephens cut their target price on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the stock a "buy" rating in a research report on Saturday, June 14th. KeyCorp set a $135.00 price objective on Expand Energy and gave the company an "overweight" rating in a research report on Friday, June 13th. Truist Financial cut their price objective on Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, TD Cowen raised Expand Energy from a "hold" rating to a "buy" rating and raised their price objective for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $129.80.

Expand Energy Stock Performance

Expand Energy stock traded down $2.08 on Tuesday, reaching $107.50. 968,745 shares of the stock were exchanged, compared to its average volume of 3,359,680. The stock has a market cap of $25.58 billion, a PE ratio of -20.04 and a beta of 0.48. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. Expand Energy Corporation has a twelve month low of $81.66 and a twelve month high of $123.35. The firm has a fifty day moving average price of $114.27 and a two-hundred day moving average price of $107.59.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. Sell-side analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.14%. Expand Energy's payout ratio is currently -42.91%.

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.