Arcus Capital Partners LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,045 shares of the company's stock, valued at approximately $339,000.
Several other institutional investors have also recently added to or reduced their stakes in EXE. First Horizon Advisors Inc. acquired a new position in Expand Energy in the 1st quarter valued at about $28,000. Princeton Global Asset Management LLC acquired a new position in Expand Energy in the 1st quarter valued at about $31,000. Peoples Bank KS acquired a new position in Expand Energy in the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC acquired a new position in Expand Energy in the 1st quarter valued at about $56,000. Finally, Westside Investment Management Inc. purchased a new stake in Expand Energy in the 1st quarter valued at approximately $56,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Expand Energy Stock Performance
Shares of NASDAQ:EXE remained flat at $105.20 during trading on Thursday. The stock had a trading volume of 2,646,256 shares, compared to its average volume of 3,370,414. The company has a 50-day simple moving average of $114.27 and a two-hundred day simple moving average of $107.39. The company has a market capitalization of $25.04 billion, a P/E ratio of 38.39 and a beta of 0.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. Expand Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $123.35.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Equities research analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.
Expand Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.19%. Expand Energy's dividend payout ratio is currently -42.91%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on EXE. UBS Group lifted their price objective on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Truist Financial lowered their price objective on Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Wells Fargo & Company lifted their price objective on Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. JPMorgan Chase & Co. lowered their price objective on Expand Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, KeyCorp set a $135.00 price objective on Expand Energy and gave the company an "overweight" rating in a report on Friday, June 13th. 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 data from MarketBeat.com, Expand Energy currently has a consensus rating of "Buy" and an average target price of $129.25.
View Our Latest Stock Report on EXE
About Expand Energy
(
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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