Virtu Financial LLC acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,748 shares of the company's stock, valued at approximately $751,000.
A number of other institutional investors and hedge funds have also bought and sold shares of EXE. Harbour Investments Inc. purchased a new position in shares of Expand Energy during the first quarter valued at $27,000. First Horizon Advisors Inc. purchased a new position in shares of Expand Energy in the 1st quarter valued at $28,000. Pinney & Scofield Inc. purchased a new position in shares of Expand Energy in the 1st quarter valued at $29,000. Cheviot Value Management LLC purchased a new position in shares of Expand Energy in the 1st quarter valued at $29,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Expand Energy in the 1st quarter valued at $31,000. 97.93% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on EXE. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the company a "buy" rating in a report on Saturday, June 14th. Bernstein Bank cut their price target on Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. UBS Group boosted their target price on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Piper Sandler dropped their target price on Expand Energy from $140.00 to $136.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Siebert Williams Shank dropped their target price on Expand Energy from $142.00 to $128.00 in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $128.96.
Read Our Latest Report on Expand Energy
Expand Energy Stock Performance
EXE traded up $0.14 on Friday, reaching $95.13. 6,683,870 shares of the stock were exchanged, compared to its average volume of 3,779,284. The firm has a market capitalization of $22.66 billion, a PE ratio of 243.93 and a beta of 0.46. The company's 50-day moving average price is $108.22 and its 200 day moving average price is $107.26. 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 fifty-two week low of $69.12 and a fifty-two week high of $123.35.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data 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 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%. As a group, sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's payout ratio is 589.74%.
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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