11,451 Shares in Expand Energy Corporation $EXE Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management initiated a position in Expand Energy, buying 11,451 shares valued at approximately $1.04 million. Institutional investors collectively own 97.93% of the company.
• Expand Energy reported quarterly EPS of $1.33, exceeding analyst expectations of $1.13, while revenue of $2.96 billion fell short of the $3.05 billion consensus estimate.
• The company declared a quarterly dividend of $0.575, equivalent to $2.30 annually and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $127.67, versus the stock’s cited price of $96.09.

Landscape Capital Management L.L.C. bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,451 shares of the company's stock, valued at approximately $1,044,000.

A number of other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp grew its holdings in Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company's stock worth $26,000 after acquiring an additional 100 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company's stock valued at $27,000 after purchasing an additional 193 shares during the period. Eastern Bank acquired a new position in shares of Expand Energy in the 2nd quarter valued at about $27,000. SJS Investment Consulting Inc. lifted its stake in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company's stock valued at $28,000 after purchasing an additional 205 shares during the period. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy during the 4th quarter valued at about $30,000. Institutional investors own 97.93% of the company's stock.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $96.09 on Monday. Expand Energy Corporation has a one year low of $84.99 and a one year high of $126.62. The firm has a market capitalization of $22.24 billion, a price-to-earnings ratio of 8.30 and a beta of 0.34. The business has a 50-day simple moving average of $90.93 and a 200 day simple moving average of $97.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.20. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. On average, research analysts anticipate that Expand Energy Corporation will post 8.84 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy's dividend payout ratio (DPR) is presently 19.86%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lowered their target price on Expand Energy from $110.00 to $107.00 and set an "equal weight" rating for the company in a report on Monday, August 17th. Weiss Ratings cut Expand Energy from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Roth Capital reaffirmed a "neutral" rating and set a $93.00 price objective on shares of Expand Energy in a research report on Wednesday, July 29th. Benchmark lowered their price objective on shares of Expand Energy from $124.00 to $109.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Finally, Truist Financial boosted their target price on shares of Expand Energy from $117.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $127.67.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 1,000 shares of the firm's stock in a transaction on Friday, June 12th. The stock was acquired at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer owned 85,498 shares of the company's stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% 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.

Want to see what other hedge funds are holding EXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expand Energy Corporation (NASDAQ:EXE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source