Bandera Partners LLC Makes New $10.58 Million Investment in Expand Energy Corporation $EXE

Key Points

• Bandera Partners LLC has acquired a new position in Expand Energy Corporation (NASDAQ:EXE), purchasing 95,000 shares valued at approximately $10.575 million, making it the firm's 9th largest holding.
• Expand Energy reported an earnings per share (EPS) of $1.10 for the last quarter, falling short of estimates, while achieving a revenue of $3.69 billion, exceeding the estimated $2.09 billion.
• The company declared a quarterly dividend of $0.575 to be paid on September 4th, with an annualized yield of 2.4% and a notably high dividend payout ratio of 589.74%.

Bandera Partners LLC acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 95,000 shares of the company's stock, valued at approximately $10,575,000. Expand Energy comprises 3.8% of Bandera Partners LLC's investment portfolio, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXE. GAMMA Investing LLC acquired a new stake in Expand Energy during the first quarter worth about $36,507,000. Parallel Advisors LLC acquired a new stake in shares of Expand Energy during the first quarter valued at about $286,000. Doliver Advisors LP acquired a new stake in shares of Expand Energy during the first quarter valued at about $446,000. Peoples Bank KS acquired a new stake in shares of Expand Energy during the first quarter valued at about $33,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Expand Energy during the first quarter valued at about $466,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Stock Up 1.0%

Shares of EXE stock traded up $0.95 during trading on Wednesday, reaching $94.00. The company's stock had a trading volume of 2,386,773 shares, compared to its average volume of 3,770,810. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 241.03 and a beta of 0.46. The stock's 50-day moving average price is $106.95 and its 200 day moving average price is $107.11. Expand Energy Corporation has a 1-year low of $69.12 and a 1-year high of $123.35.

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

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 dividend on an annualized basis and a yield of 2.4%. Expand Energy's payout ratio is currently 589.74%.

Analyst Ratings Changes

EXE has been the subject of a number of recent analyst reports. Bernstein Bank dropped their price target on shares of Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. Wells Fargo & Company dropped their price target on shares of Expand Energy from $121.00 to $120.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 15th. Wolfe Research dropped their price target on shares of Expand Energy from $150.00 to $148.00 in a research report on Wednesday, July 2nd. Mizuho lifted their price target on shares of Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Finally, UBS Group dropped their price target on shares of Expand Energy from $145.00 to $132.00 and set a "buy" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given 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 Buying and Selling

In other news, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was bought at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the purchase, the chief executive officer directly owned 166,715 shares of the company's stock, valued at $15,981,299.90. The trade was a 1.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joshua J. Viets purchased 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price 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 $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

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.