GF Fund Management CO. LTD. bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,739 shares of the company's stock, valued at approximately $6,761,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. purchased a new position in Expand Energy in the first quarter worth about $28,000. Princeton Global Asset Management LLC purchased a new position in Expand Energy in the first quarter worth about $31,000. Peoples Bank KS purchased a new position in Expand Energy in the first quarter worth about $33,000. Future Financial Wealth Managment LLC purchased a new position in Expand Energy in the first quarter worth about $56,000. Finally, Westside Investment Management Inc. purchased a new position in Expand Energy in the first quarter worth about $56,000. 97.93% of the stock is owned by hedge funds and other institutional investors.
Expand Energy Price Performance
NASDAQ EXE traded down $2.39 during trading hours on Friday, reaching $107.95. The company's stock had a trading volume of 1,807,029 shares, compared to its average volume of 3,372,384. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. Expand Energy Corporation has a 1 year low of $81.66 and a 1 year high of $123.35. The firm's 50-day moving average price is $114.20 and its 200-day moving average price is $107.16. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of -20.14 and a beta of 0.48.
Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is -42.91%.
Wall Street Analyst Weigh In
EXE has been the topic of a number of analyst reports. Jefferies Financial Group set a $135.00 price objective on Expand Energy and gave the company a "buy" rating in a research report on Saturday, June 14th. Benchmark lifted their price objective on Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Mizuho lifted their price objective on Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Barclays raised Expand Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $115.00 to $122.00 in a research report on Tuesday, April 15th. Finally, Stephens lowered their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Expand Energy currently has a consensus rating of "Buy" and an average target price of $128.40.
Get Our Latest Analysis on Expand Energy
Expand Energy Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Expand Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expand Energy wasn't on the list.
While Expand Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
