Banco Santander S.A. Takes $588,000 Position in Expand Energy Corporation (NASDAQ:EXE)

Banco Santander S.A. 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 5,279 shares of the company's stock, valued at approximately $588,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Harbour Investments Inc. acquired a new stake in Expand Energy during the first quarter worth approximately $27,000. First Horizon Advisors Inc. acquired a new stake in Expand Energy during the first quarter worth approximately $28,000. Princeton Global Asset Management LLC acquired a new stake in Expand Energy during the first quarter worth approximately $31,000. BankPlus Trust Department acquired a new stake in Expand Energy during the first quarter worth approximately $32,000. Finally, Peoples Bank KS bought a new position in Expand Energy in the first quarter worth approximately $33,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EXE. Stephens cut their price target on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Mizuho increased their price target on Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Tudor Pickering & Holt cut their price target on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Wells Fargo & Company cut their price target on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Finally, Morgan Stanley increased their price target on Expand Energy from $134.00 to $139.00 and gave the stock an "overweight" rating in a report on Monday. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $128.92.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $101.23 on Tuesday. The business's fifty day simple moving average is $111.44 and its 200 day simple moving average is $107.72. The firm has a market capitalization of $24.11 billion, a P/E ratio of 259.57 and a beta of 0.46. Expand Energy Corporation has a 12 month low of $69.12 and a 12 month high of $123.35. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The business 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%. As a group, analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.575 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. Expand Energy's payout ratio is presently 589.74%.

About Expand Energy

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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