Compound Planning Inc. Invests $340,000 in Expand Energy Corporation $EXE

Key Points

• Compound Planning Inc. acquired 3,056 shares of Expand Energy Corporation (NASDAQ:EXE), worth approximately $340,000, during the first quarter of 2023.
• Expand Energy reported a net revenue of $3.69 billion in its last earnings announcement, exceeding analyst expectations of $2.09 billion.
• The company has announced a quarterly dividend of $0.575 per share, set to be paid on September 4th, reflecting an annual yield of 2.4%.

Compound Planning Inc. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,056 shares of the company's stock, valued at approximately $340,000.

Other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. bought a new position in Expand Energy during the 1st quarter worth $27,000. First Horizon Advisors Inc. bought a new position in Expand Energy during the 1st quarter worth $28,000. Pinney & Scofield Inc. bought a new position in Expand Energy during the 1st quarter worth $29,000. Cheviot Value Management LLC bought a new position in Expand Energy during the 1st quarter worth $29,000. Finally, Princeton Global Asset Management LLC bought a new position in Expand Energy during the 1st quarter worth $31,000. Institutional investors own 97.93% of the company's stock.

Insider Activity at Expand Energy

In other news, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of the stock in a transaction dated Friday, August 15th. The stock was bought at an average price of $95.86 per share, with a total value of $239,650.00. Following the completion of the purchase, the chief executive officer directly owned 166,715 shares of the company's stock, valued at $15,981,299.90. This represents a 1.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joshua J. Viets acquired 2,000 shares of the stock in a transaction dated 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 purchase, the chief operating officer directly owned 61,676 shares of the company's stock, valued at $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company's stock.

Expand Energy Price Performance

NASDAQ:EXE traded down $0.46 during trading hours on Friday, hitting $96.78. The company's stock had a trading volume of 1,493,936 shares, compared to its average volume of 3,202,197. The stock has a fifty day simple moving average of $103.33 and a 200-day simple moving average of $106.61. The company has a market capitalization of $23.05 billion, a P/E ratio of 248.16 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. Expand Energy Corporation has a twelve month low of $69.12 and a twelve month high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.575 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. Expand Energy's dividend payout ratio is currently 589.74%.

Analyst Ratings Changes

Several research firms have weighed in on EXE. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price objective on the stock in a research report on Thursday, May 22nd. The Goldman Sachs Group lowered their price objective on Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Roth Capital cut Expand Energy from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $125.00 to $98.00 in a research report on Monday, August 18th. Tudor Pickering & Holt reduced their target price on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Finally, UBS Group reduced their target price on Expand Energy from $145.00 to $132.00 and set a "buy" rating on the stock in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $127.42.

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.