Jackson Hole Capital Partners LLC bought a new stake 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. The institutional investor bought 31,311 shares of the company's stock, valued at approximately $3,486,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA acquired a new stake in Expand Energy during the first quarter worth $518,328,000. Bank of New York Mellon Corp purchased a new stake in Expand Energy during the 1st quarter worth about $326,670,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Expand Energy during the 1st quarter worth about $127,038,000. Stephens Investment Management Group LLC acquired a new position in shares of Expand Energy in the 1st quarter valued at $108,048,000. Finally, Ninepoint Partners LP purchased a new stake in shares of Expand Energy during the first quarter worth approximately $89,056,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Expand Energy Stock Performance
EXE stock traded down $1.12 during trading on Monday, reaching $97.05. 1,264,485 shares of the stock were exchanged, compared to its average volume of 3,763,919. Expand Energy Corporation has a twelve month low of $69.12 and a twelve month high of $123.35. The company has a market capitalization of $23.10 billion, a P/E ratio of -18.11 and a beta of 0.48. The stock has a 50 day simple moving average of $112.74 and a 200-day simple moving average of $107.81. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30.
Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. As a group, sell-side analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.
Expand Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.37%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Stephens decreased their price objective on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Barclays lifted their price objective on Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price target for the company in a report on Thursday, May 22nd. Benchmark increased their price target on Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Finally, TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and lifted their price target for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $129.80.
View Our Latest Stock Report on Expand Energy
About Expand Energy
(
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.
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