111 Capital Takes $273,000 Position in Expand Energy Corporation $EXE

Key Points

• 111 Capital has acquired a new stake in Expand Energy Corporation (NASDAQ:EXE), purchasing 2,336 shares valued at approximately $273,000 in the second quarter.
• Insider activity includes COO Joshua J. Viets and CEO Domenic J. Dell'osso, Jr. buying shares, increasing their ownership by 3.35% and 1.52%, respectively.
• Expand Energy recently announced a quarterly dividend of $0.575 per share, which amounts to a 2.1% dividend yield and reflects a high payout ratio of 589.74%.

111 Capital bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,336 shares of the company's stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital bought a new position in shares of Expand Energy in the 1st quarter valued at about $643,000. UMB Bank n.a. acquired a new stake in Expand Energy in the 1st quarter valued at about $139,000. Miracle Mile Advisors LLC bought a new position in Expand Energy during the first quarter worth about $1,538,000. Park Avenue Securities LLC acquired a new position in Expand Energy during the first quarter worth approximately $280,000. Finally, First Citizens Bank & Trust Co. bought a new stake in Expand Energy in the first quarter valued at approximately $340,000. 97.93% of the stock is owned by institutional investors.

Insider Activity at Expand Energy

In related news, COO Joshua J. Viets acquired 2,000 shares of the company's stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of $92.16 per share, with a total value of $184,320.00. Following the acquisition, the chief operating officer directly owned 61,676 shares of the company's stock, valued at approximately $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of Expand Energy stock in a transaction dated Friday, August 15th. The shares were bought at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. This represents a 1.52% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.17% of the company's stock.

Expand Energy Trading Up 0.3%

Shares of Expand Energy stock opened at $107.73 on Tuesday. 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 of $99.08 and a 200-day moving average of $106.18. Expand Energy Corporation has a 52-week low of $82.69 and a 52-week high of $123.35. The stock has a market cap of $25.66 billion, a PE ratio of 276.24 and a beta of 0.47.

Expand Energy (NASDAQ:EXE - Get Free Report) last released 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 business had revenue of $3.69 billion for 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%. As a group, sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 14th. Expand Energy's payout ratio is presently 589.74%.

Analyst Ratings Changes

EXE has been the subject of several research analyst reports. Morgan Stanley lifted their target price on Expand Energy from $134.00 to $139.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Expand Energy in a research report on Saturday, September 27th. Barclays increased their price objective on shares of Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Jefferies Financial Group cut their target price on shares of Expand Energy from $141.00 to $137.00 and set a "buy" rating for the company in a research note on Friday. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $150.00 price target (up previously from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.54.

About Expand 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.

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