Arcus Capital Partners LLC Invests $339,000 in Expand Energy Corporation (NASDAQ:EXE)

Arcus Capital Partners LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,045 shares of the company's stock, valued at approximately $339,000.

Several other institutional investors also recently bought and sold shares of EXE. Bank of New York Mellon Corp bought a new position in shares of Expand Energy in the first quarter worth about $326,670,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Expand Energy in the first quarter worth about $127,038,000. Canoe Financial LP bought a new position in shares of Expand Energy in the first quarter worth about $79,015,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Expand Energy in the first quarter worth about $60,722,000. Finally, Principal Financial Group Inc. bought a new position in shares of Expand Energy in the first quarter worth about $46,811,000. 97.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Jefferies Financial Group set a $135.00 price objective on Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Piper Sandler lifted their price objective on Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. UBS Group lifted their price objective on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. KeyCorp set a $135.00 price target on Expand Energy and gave the company an "overweight" rating in a research note on Friday, June 13th. Finally, Mizuho boosted their price target on Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $129.50.

Expand Energy Price Performance

NASDAQ EXE traded up $0.37 during trading on Friday, reaching $105.57. 2,659,736 shares of the company traded hands, compared to its average volume of 3,366,736. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The stock's 50 day moving average price is $114.27 and its two-hundred day moving average price is $107.45. The company has a market cap of $25.12 billion, a price-to-earnings ratio of -19.70 and a beta of 0.48. Expand Energy Corporation has a 1-year low of $81.66 and a 1-year high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. As a group, analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's payout ratio is -42.91%.

Expand Energy 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.