Apollon Wealth Management LLC Purchases New Shares in Expand Energy Corporation (NASDAQ:EXE)

Apollon Wealth Management LLC bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,377 shares of the company's stock, valued at approximately $599,000.

A number of other hedge funds have also recently bought and sold shares of EXE. GAMMA Investing LLC purchased a new position in Expand Energy in the 1st quarter worth about $36,507,000. Parallel Advisors LLC purchased a new position in Expand Energy in the 1st quarter worth about $286,000. Doliver Advisors LP purchased a new position in Expand Energy in the 1st quarter worth about $446,000. Peoples Bank KS purchased a new position in Expand Energy in the 1st quarter worth about $33,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Expand Energy in the 1st quarter worth about $466,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Up 0.5%

Shares of NASDAQ EXE traded up $0.49 during mid-day trading on Friday, reaching $108.64. 2,257,017 shares of the company's stock were exchanged, compared to its average volume of 3,365,852. The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of -20.27 and a beta of 0.48. 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 has a fifty day simple moving average of $114.14 and a 200 day simple moving average of $107.86. Expand Energy Corporation has a twelve month low of $81.66 and a twelve month high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its 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 analyst estimates of $2.10 billion. As a group, equities analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.12%. Expand Energy's dividend payout ratio is -42.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EXE shares. Piper Sandler boosted their price target on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. UBS Group boosted their price target on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Stephens lowered their price target on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the company a "buy" rating in a research note on Saturday, June 14th. Finally, Morgan Stanley boosted their price target on Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. One 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $129.80.

Expand Energy Company Profile

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.