Bokf Na Acquires 19,801 Shares of Expand Energy Corporation $EXE

Key Points

• Bokf Na raised its stake in Expand Energy (NASDAQ:EXE) by 17.5%, buying 19,801 shares in Q4 to hold 132,758 shares valued at about $14.65 million (roughly 0.06% of the company).
• Wall Street sentiment is broadly positive — MarketBeat shows a "Moderate Buy" consensus with an average target price of $132.09, and multiple firms have issued Buy/Overweight ratings or raised targets recently.
• Key fundamentals: EXE beat quarterly EPS estimates ($3.83 vs. $3.61) with $4.40B revenue, announced a quarterly dividend of $0.575 (annualized $2.30, yield 2.3%), trades at a PE of 7.44, and has institutional ownership of 97.93%.

Bokf Na raised its holdings in Expand Energy Corporation (NASDAQ:EXE - Free Report) by 17.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,758 shares of the company's stock after purchasing an additional 19,801 shares during the period. Bokf Na owned approximately 0.06% of Expand Energy worth $14,651,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Expand Energy in the 1st quarter valued at about $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in Expand Energy in the 1st quarter valued at about $208,000. Focus Partners Wealth bought a new stake in Expand Energy in the 1st quarter valued at about $205,000. Geneos Wealth Management Inc. bought a new stake in Expand Energy in the 1st quarter valued at about $79,000. Finally, Gamco Investors INC. ET AL bought a new stake in Expand Energy in the 2nd quarter valued at about $757,000. Institutional investors own 97.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EXE shares. Jefferies Financial Group reissued a "buy" rating and issued a $141.00 price objective on shares of Expand Energy in a report on Thursday, February 19th. Truist Financial reissued a "buy" rating and issued a $134.00 price objective (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. Barclays upped their price target on shares of Expand Energy from $125.00 to $127.00 and gave the stock an "overweight" rating in a report on Monday, March 16th. Benchmark upped their price target on shares of Expand Energy from $112.00 to $124.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Finally, Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $132.09.

Insider Transactions at Expand Energy

In related news, CEO Michael Wichterich acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the transaction, the chief executive officer directly owned 83,498 shares in the company, valued at $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $99.76 on Wednesday. The company has a 50 day moving average of $103.72 and a 200-day moving average of $107.50. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The company has a market cap of $23.87 billion, a PE ratio of 7.44 and a beta of 0.36.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. As a group, equities research analysts forecast that Expand Energy Corporation will post 9.08 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, May 14th. Expand Energy's dividend payout ratio is currently 17.15%.

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.

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