Forum Financial Management LP bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,026 shares of the company's stock, valued at approximately $448,000.
Several other institutional investors and hedge funds have also recently modified their holdings of EXE. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $1,179,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $1,383,000. Bessemer Group Inc. bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $75,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $1,077,000. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $1,538,000. Hedge funds and other institutional investors own 97.93% of the company's stock.
Expand Energy Trading Up 0.5%
Shares of NASDAQ EXE traded up $0.49 during midday trading on Friday, hitting $108.64. The company's stock had a trading volume of 2,257,017 shares, compared to its average volume of 3,365,852. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The business's 50 day moving average is $114.14 and its two-hundred day moving average is $107.86. Expand Energy Corporation has a 12-month low of $81.66 and a 12-month high of $123.35. The firm has a market cap of $25.85 billion, a P/E ratio of -20.27 and a beta of 0.48.
Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. As a group, equities research analysts expect 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 Wednesday, June 4th. Investors of record on Thursday, May 15th were issued 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 2.12%. Expand Energy's payout ratio is -42.91%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on EXE. KeyCorp set a $135.00 price objective on Expand Energy and gave the company an "overweight" rating in a research note on Friday, June 13th. Mizuho lifted their target price on Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Piper Sandler lifted their target price on Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Morgan Stanley lifted their target price on Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Finally, Stephens reduced their target price on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $129.80.
View Our Latest Research Report on EXE
Expand Energy Company Profile
(
Free Report)
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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