Campbell & CO Investment Adviser LLC Acquires New Position in Expand Energy Corporation $EXE

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new position in Expand Energy Corporation, purchasing 11,189 shares valued at approximately $1,246,000 in the first quarter.
• Expand Energy reported a missed earnings estimate for its latest quarter, with earnings per share of $1.10, compared to the anticipated $1.14, while revenue significantly exceeded expectations at $3.69 billion.
• The company recently declared a quarterly dividend of $0.575 per share, representing a 2.4% dividend yield, with a notably high dividend payout ratio of 589.74%.

Campbell & CO Investment Adviser LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,189 shares of the company's stock, valued at approximately $1,246,000.

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

Expand Energy Stock Performance

Shares of EXE stock opened at $96.28 on Wednesday. Expand Energy Corporation has a 12-month low of $69.12 and a 12-month high of $123.35. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 246.88 and a beta of 0.46. The business has a 50 day simple moving average of $104.81 and a 200 day simple moving average of $106.81. 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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. On average, equities research analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.575 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. Expand Energy's dividend payout ratio is presently 589.74%.

Wall Street Analyst Weigh In

EXE has been the subject of a number of recent research reports. Tudor Pickering & Holt lowered their price objective on shares of Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Bernstein Bank lowered their target price on Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. Wells Fargo & Company lowered their target price on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating for the company in a report on Tuesday, July 15th. Morgan Stanley upped their price objective on Expand Energy from $134.00 to $139.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $127.42.

Insider Buying and Selling at Expand Energy

In related news, COO Joshua J. Viets bought 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, for a total transaction of $184,320.00. Following the transaction, the chief operating officer directly owned 61,676 shares of the company's stock, valued at approximately $5,684,060.16. This represents a 3.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. bought 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, with a total value of $239,650.00. Following the transaction, the chief executive officer directly owned 166,715 shares in the company, valued at $15,981,299.90. This represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company's stock.

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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