Avior Wealth Management LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,005 shares of the company's stock, valued at approximately $557,000.
A number of other hedge funds also recently made changes to their positions in EXE. Miracle Mile Advisors LLC acquired a new position in Expand Energy in the first quarter valued at approximately $1,538,000. Ritholtz Wealth Management bought a new stake in shares of Expand Energy in the 1st quarter valued at $256,000. Farther Finance Advisors LLC acquired a new position in shares of Expand Energy during the 1st quarter valued at $439,000. Park Avenue Securities LLC bought a new position in Expand Energy during the first quarter worth $280,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Expand Energy during the first quarter worth $347,000. 97.93% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on EXE shares. Stephens dropped their price objective on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a research note on Thursday, May 22nd. KeyCorp set a $135.00 price target on Expand Energy and gave the stock an "overweight" rating in a report on Friday, June 13th. Wells Fargo & Company boosted 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. Finally, Truist Financial lowered their target price on Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $127.55.
View Our Latest Analysis on EXE
Expand Energy Trading Up 1.1%
Shares of EXE stock opened at $122.05 on Friday. Expand Energy Corporation has a 12-month low of $81.66 and a 12-month high of $123.35. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $111.99 and a 200-day moving average of $105.90. The firm has a market cap of $29.05 billion, a P/E ratio of -22.77 and a beta of 0.49.
Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. Sell-side analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.
Expand Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is currently -42.91%.
Expand Energy 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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