111,704 Shares in Expand Energy Corporation (NASDAQ:EXE) Bought by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 111,704 shares of the company's stock, valued at approximately $12,204,000. Expand Energy comprises 2.2% of Goehring & Rozencwajg Associates LLC's portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Horizon Advisors Inc. acquired a new position in Expand Energy during the first quarter worth approximately $28,000. Princeton Global Asset Management LLC acquired a new position in shares of Expand Energy during the 1st quarter worth approximately $31,000. Peoples Bank KS acquired a new position in shares of Expand Energy during the 1st quarter worth approximately $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of Expand Energy during the 1st quarter worth approximately $56,000. Finally, Westside Investment Management Inc. acquired a new position in shares of Expand Energy during the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Price Performance

Shares of EXE traded down $2.39 during trading hours on Friday, hitting $107.95. 1,807,029 shares of the company were exchanged, compared to its average volume of 3,372,384. The company has a market cap of $25.69 billion, a price-to-earnings ratio of -20.14 and a beta of 0.48. Expand Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $123.35. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. The firm's fifty day moving average is $114.20 and its 200 day moving average is $107.16.

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

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EXE shares. Stephens decreased their price objective on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company upped their price target on shares of Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. Benchmark upped their price target on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Piper Sandler upped their target price on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the company a "buy" rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $128.40.

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.