4,338 Shares in Expand Energy Corporation $EXE Acquired by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC acquired 4,338 shares of Expand Energy Corporation during Q2, valued at approximately $507,000.
• CEO Domenic J. Dell'osso, Jr. and COO Joshua J. Viets both increased their holdings in Expand Energy by purchasing additional shares in recent transactions.
• Analysts have mixed outlooks on Expand Energy, with ratings ranging from "Strong Buy" to "Hold," and a recent average target price of $127.62 for the stock.

Verdence Capital Advisors LLC purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,338 shares of the company's stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Transamerica Financial Advisors LLC purchased a new stake in Expand Energy during the 1st quarter worth approximately $27,000. Harbour Investments Inc. purchased a new stake in Expand Energy during the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. purchased a new stake in Expand Energy during the 1st quarter worth approximately $28,000. Quarry LP purchased a new stake in Expand Energy during the 1st quarter worth approximately $28,000. Finally, Pinney & Scofield Inc. purchased a new stake in Expand Energy during the 1st quarter worth approximately $29,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expand Energy

In other news, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of Expand Energy 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 acquisition, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. The trade was a 1.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joshua J. Viets purchased 2,000 shares of Expand Energy stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $92.16 per share, with a total value of $184,320.00. Following the acquisition, the chief operating officer owned 61,676 shares of the company's stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXE. Weiss Ratings restated a "hold (c-)" rating on shares of Expand Energy in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Bernstein Bank dropped their price objective on Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. Tudor Pickering & Holt dropped their price objective on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $150.00 price target (up from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Expand Energy presently has a consensus rating of "Moderate Buy" and an average target price of $127.62.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $103.17 on Thursday. Expand Energy Corporation has a twelve month low of $82.69 and a twelve month high of $123.35. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 264.55 and a beta of 0.47. The business has a 50 day simple moving average of $99.45 and a 200-day simple moving average of $105.98.

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

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.2%. Expand Energy's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.