Jump Financial LLC Invests $23.89 Million in Expand Energy Corporation $EXE

Key Points

• Jump Financial LLC has acquired a new stake in Expand Energy Corporation, purchasing 214,604 shares valued at approximately $23.89 million, representing 0.09% ownership in the company.
• Expand Energy recently reported quarterly earnings with **$1.10** earnings per share, missing analysts' expectations of $1.14, although revenue of $3.69 billion surpassed estimates of $2.09 billion.
• The company announced a quarterly dividend of **$0.575** per share, with a high dividend payout ratio of **589.74%**, indicating a commitment to returning value to shareholders despite recent earnings misses.

Jump Financial LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 214,604 shares of the company's stock, valued at approximately $23,890,000. Jump Financial LLC owned 0.09% of Expand Energy as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Expand Energy during the 1st quarter valued at $3,757,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Expand Energy in the first quarter worth $1,179,000. Wedbush Securities Inc. acquired a new position in shares of Expand Energy in the first quarter worth $210,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Expand Energy in the first quarter worth $1,383,000. Finally, Bessemer Group Inc. acquired a new position in shares of Expand Energy in the first quarter worth $75,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Down 0.0%

EXE traded down $0.04 during trading on Monday, hitting $94.62. The company had a trading volume of 2,245,596 shares, compared to its average volume of 3,606,352. The company has a market capitalization of $22.53 billion, a PE ratio of 242.62 and a beta of 0.46. Expand Energy Corporation has a one year low of $69.12 and a one year high of $123.35. The firm's 50-day moving average price is $105.28 and its 200 day moving average price is $106.88. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29.

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

Expand Energy Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EXE shares. Roth Capital downgraded shares of Expand Energy from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $125.00 to $98.00 in a research note on Monday, August 18th. UBS Group decreased their price target on shares of Expand Energy from $145.00 to $132.00 and set a "buy" rating for the company in a report on Wednesday, August 20th. Wells Fargo & Company reduced 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 note on Tuesday, July 15th. Barclays increased their target price on shares of Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Finally, KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. Two 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, the stock has an average rating of "Buy" and a consensus price target of $127.42.

Insider Activity

In related news, COO Joshua J. Viets bought 2,000 shares of Expand Energy stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the acquisition, the chief operating officer 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of Expand Energy stock in a transaction that occurred on Friday, August 15th. The shares were bought at an average cost of $95.86 per share, with a total value of $239,650.00. Following the acquisition, the chief executive officer directly owned 166,715 shares in the company, valued at $15,981,299.90. This trade represents a 1.52% increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Expand Energy 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.