Huber Capital Management LLC Makes New Investment in Expand Energy Corporation $EXE

Key Points

• Huber Capital Management LLC has purchased 10,690 shares of Expand Energy Corporation, valued at approximately $1.19 million, enhancing its stake in the company during the first quarter.
• The stock currently holds an average rating of "Buy", with analysts providing varied price targets, ranging from $98.00 to $139.00.
• Expand Energy Corporation reported earnings of $1.10 per share, which was below analysts' expectations, and announced a quarterly dividend of $0.575, resulting in a dividend yield of 2.4%.

Huber Capital Management LLC purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,690 shares of the company's stock, valued at approximately $1,190,000.

A number of other hedge funds have also made changes to their positions in the business. Landscape Capital Management L.L.C. acquired a new stake in Expand Energy during the 1st quarter valued at $317,000. OMERS ADMINISTRATION Corp bought a new stake in Expand Energy in the 1st quarter valued at about $506,000. Orion Portfolio Solutions LLC bought a new stake in Expand Energy in the 1st quarter valued at about $2,368,000. B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Expand Energy during the 1st quarter worth about $1,095,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Expand Energy during the 1st quarter worth about $27,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EXE. Mizuho boosted their target price on shares of Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Morgan Stanley boosted their price objective on shares of Expand Energy from $134.00 to $139.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. KeyCorp set a $135.00 target price on shares of Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. Wells Fargo & Company decreased their target price 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. Finally, Roth Capital cut shares of Expand Energy from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $125.00 to $98.00 in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $127.42.

Insider Buying and Selling

In other news, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the transaction, the chief executive officer directly owned 166,715 shares of the company's stock, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, COO Joshua J. Viets bought 2,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were bought at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the acquisition, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company's stock.

Expand Energy Price Performance

Shares of EXE stock traded down $0.46 during mid-day trading on Monday, reaching $96.78. The company's stock had a trading volume of 1,493,936 shares, compared to its average volume of 3,143,811. Expand Energy Corporation has a 1-year low of $69.12 and a 1-year high of $123.35. The company has a market cap of $23.05 billion, a P/E ratio of 248.16 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The firm's 50-day moving average is $103.33 and its two-hundred day moving average is $106.64.

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

Expand Energy Dividend Announcement

The firm also recently announced 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. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's dividend payout ratio (DPR) is 589.74%.

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.