XTX Topco Ltd Acquires New Shares in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• XTX Topco Ltd has acquired 40,682 shares in Expand Energy Corporation (NASDAQ:EXE) worth approximately $4,529,000 during the first quarter of the year, as disclosed in a recent Form 13F filing.
• Expand Energy reported earnings per share (EPS) of $2.02 for the quarter, surpassing analysts' expectations of $1.85, with revenues of $2.20 billion against an estimate of $2.10 billion.
• Analyst consensus rates Expand Energy as a "Buy", with targets ranging from $118.00 to $145.00, reflecting varying sentiments among different investment firms.

XTX Topco Ltd acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,682 shares of the company's stock, valued at approximately $4,529,000.

A number of other hedge funds have also made changes to their positions in the stock. First Horizon Advisors Inc. acquired a new position in shares of Expand Energy during the 1st quarter valued at about $28,000. Princeton Global Asset Management LLC acquired a new position in shares of Expand Energy during the 1st quarter valued at about $31,000. BankPlus Trust Department acquired a new stake in Expand Energy in the 1st quarter valued at approximately $32,000. Peoples Bank KS acquired a new stake in Expand Energy in the 1st quarter valued at approximately $33,000. Finally, TCTC Holdings LLC acquired a new stake in Expand Energy in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price objective on the stock in a report on Thursday, May 22nd. Barclays lifted their price objective on Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Siebert Williams Shank cut their price objective on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Wells Fargo & Company cut their price objective on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating for the company in a report on Tuesday, July 15th. Finally, Wolfe Research cut their price objective on Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $129.50.

Expand Energy Stock Performance

NASDAQ EXE traded down $2.81 on Friday, reaching $101.97. The stock had a trading volume of 2,661,643 shares, compared to its average volume of 3,802,780. The company has a market cap of $24.27 billion, a P/E ratio of 261.47 and a beta of 0.48. Expand Energy Corporation has a 1-year low of $69.12 and a 1-year high of $123.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.59. The firm has a fifty day moving average of $111.72 and a two-hundred day moving average of $107.72.

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

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's dividend payout ratio is 589.74%.

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.