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Virtu Financial LLC Takes $751,000 Position in Expand Energy Corporation (NASDAQ:EXE)

Expand Energy logo with Energy background

Key Points

  • Virtu Financial LLC acquired 6,748 shares of Expand Energy Corporation (NASDAQ:EXE) in Q1, valued at approximately $751,000.
  • Expand Energy's stock has received a mix of upgrades and downgrades from analysts, with an average price target of $128.92 and a consensus rating of "Buy."
  • The company recently announced a quarterly dividend of $0.575 per share, representing an annual yield of 2.4%, amid a notably high payout ratio of 589.74%.
  • Looking to export and analyze Expand Energy data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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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Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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