Argentarii LLC Buys New Shares in Expand Energy Corporation (NASDAQ:EXE)

Argentarii LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,245 shares of the company's stock, valued at approximately $361,000.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Expand Energy in the 1st quarter worth $1,179,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Expand Energy in the 1st quarter worth $1,383,000. Miracle Mile Advisors LLC acquired a new stake in shares of Expand Energy in the 1st quarter worth $1,538,000. Bessemer Group Inc. acquired a new stake in shares of Expand Energy in the 1st quarter worth $75,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Expand Energy in the 1st quarter worth $485,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EXE. TD Cowen upgraded shares of Expand Energy from a "hold" rating to a "buy" rating and raised their price objective for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. Benchmark raised their price objective on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Expand Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Stephens reduced their price objective on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Barclays upgraded shares of Expand Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $115.00 to $122.00 in a research note on Tuesday, April 15th. One analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $128.40.

Expand Energy Trading Down 2.2%

Shares of NASDAQ EXE traded down $2.39 during midday trading on Friday, reaching $107.95. 1,807,029 shares of the stock were exchanged, compared to its average volume of 3,372,384. The company has a market capitalization of $25.69 billion, a P/E ratio of -20.14 and a beta of 0.48. Expand Energy Corporation has a 52-week low of $81.66 and a 52-week high of $123.35. 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 stock has a 50 day moving average price of $114.20 and a 200-day moving average price of $107.16.

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

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued 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 2.13%. Expand Energy's payout ratio is -42.91%.

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.