Banco BTG Pactual S.A. Purchases New Holdings in Expand Energy Corporation $EXE

Key Points

• Banco BTG Pactual S.A. has acquired 3,150 shares of Expand Energy Corporation, valued at approximately $351,000, during the first quarter according to their SEC filing.
• Expand Energy recently reported $1.10 EPS for the quarter, missing analysts' expectations, but achieved $3.69 billion in revenue, significantly exceeding the consensus estimate.
• The company will pay a quarterly dividend of $0.575 on September 4th, with an annual yield of 2.4% and a high payout ratio of 589.74%.

Banco BTG Pactual S.A. acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,150 shares of the company's stock, valued at approximately $351,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. acquired a new stake in shares of Expand Energy during the first quarter worth approximately $27,000. First Horizon Advisors Inc. bought a new position in Expand Energy during the 1st quarter valued at $28,000. Pinney & Scofield Inc. acquired a new position in Expand Energy during the 1st quarter worth $29,000. Cheviot Value Management LLC bought a new stake in shares of Expand Energy in the 1st quarter worth about $29,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Expand Energy in the 1st quarter worth about $31,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Trading Up 1.0%

Shares of NASDAQ EXE opened at $94.00 on Thursday. Expand Energy Corporation has a 12-month low of $69.12 and a 12-month high of $123.35. The company has a market cap of $22.39 billion, a price-to-earnings ratio of 241.03 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock's 50 day simple moving average is $106.58 and its 200 day simple moving average is $107.02.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. Equities research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.575 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy's dividend payout ratio (DPR) is currently 589.74%.

Analysts Set New Price Targets

Several equities analysts have recently commented on EXE shares. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. Morgan Stanley increased their target price on Expand Energy from $134.00 to $139.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Barclays boosted their price target on Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a report on Monday, July 7th. UBS Group reduced their price objective on Expand Energy from $145.00 to $132.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Piper Sandler decreased their price objective on shares of Expand Energy from $140.00 to $136.00 and set an "overweight" rating for the company in a report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Expand Energy presently has a consensus rating of "Buy" and an average price target of $127.42.

Insider Transactions at Expand Energy

In other news, COO Joshua J. Viets bought 2,000 shares of Expand Energy stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of $92.16 per share, with a total value of $184,320.00. Following the purchase, the chief operating officer directly owned 61,676 shares of the company's stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the firm's stock in a transaction on Friday, August 15th. The stock was purchased at an average price of $95.86 per share, with a total value of $239,650.00. Following the transaction, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. The trade was a 1.52% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.19% of the company's stock.

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.

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