Callan Family Office LLC Takes Position in Expand Energy Corporation $EXE

Key Points

• Callan Family Office LLC acquired a new stake in Expand Energy Corporation, purchasing 5,082 shares valued at about $594,000 during the second quarter.
• Expand Energy recently reported earnings per share of $1.10, missing estimates, while revenue significantly exceeded expectations at $3.69 billion.
• The company announced a quarterly dividend of $0.575 per share, yielding an annualized dividend of 2.2% with a payout ratio of 589.74%.

Callan Family Office LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,082 shares of the company's stock, valued at approximately $594,000.

Other hedge funds have also modified their holdings of the company. Harbour Investments Inc. acquired a new position in shares of Expand Energy in the first quarter valued at about $27,000. Transamerica Financial Advisors LLC acquired a new position in shares of Expand Energy in the first quarter valued at about $27,000. First Horizon Advisors Inc. acquired a new position in shares of Expand Energy in the first quarter valued at about $28,000. Quarry LP acquired a new position in shares of Expand Energy in the first quarter valued at about $28,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Expand Energy in the first quarter valued at about $29,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Trading Up 0.9%

Shares of NASDAQ:EXE opened at $102.68 on Tuesday. The business's 50 day moving average price is $99.41 and its 200-day moving average price is $106.03. Expand Energy Corporation has a 1 year low of $82.69 and a 1 year high of $123.35. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 263.29 and a beta of 0.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted 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 company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. On average, equities research analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a $0.575 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.2%. Expand Energy's dividend payout ratio (DPR) is 589.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler cut their price objective on Expand Energy from $140.00 to $136.00 and set an "overweight" rating on the stock in a report on Thursday, August 14th. Scotiabank restated an "outperform" rating on shares of Expand Energy in a research note on Thursday. Wells Fargo & Company lowered their target price on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Capital One Financial lowered their target price on Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. Finally, UBS Group lowered their target price on Expand Energy from $132.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.77.

Insider Activity

In related news, COO Joshua J. Viets bought 2,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the transaction, the chief operating officer directly owned 61,676 shares in the company, valued at $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 166,715 shares of the company's stock, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by company insiders.

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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