Korea Investment CORP acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 171,989 shares of the company's stock, valued at approximately $15,684,000. Korea Investment CORP owned approximately 0.07% of Expand Energy as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in Expand Energy in the 2nd quarter valued at about $465,000. Ieq Capital LLC acquired a new position in Expand Energy during the 2nd quarter valued at about $13,456,000. Callan Family Office LLC bought a new stake in shares of Expand Energy during the 2nd quarter worth about $431,000. Allworth Financial LP bought a new stake in shares of Expand Energy during the 2nd quarter worth about $456,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Expand Energy in the 2nd quarter worth approximately $844,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Expand Energy Stock Performance
Shares of NASDAQ:EXE opened at $96.09 on Monday. The stock has a market capitalization of $22.24 billion, a price-to-earnings ratio of 8.30 and a beta of 0.34. Expand Energy Corporation has a 1-year low of $84.99 and a 1-year high of $126.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day moving average price of $90.93 and a 200 day moving average price of $97.51.
Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. On average, research analysts anticipate that Expand Energy Corporation will post 8.84 EPS for the current fiscal year.
Expand Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Expand Energy's payout ratio is presently 19.86%.
Analyst Upgrades and Downgrades
EXE has been the subject of several recent analyst reports. Roth Capital reiterated a "neutral" rating and issued a $93.00 price objective on shares of Expand Energy in a report on Wednesday, July 29th. Benchmark cut their target price on Expand Energy from $124.00 to $109.00 and set a "buy" rating for the company in a research report on Wednesday, August 12th. UBS Group decreased their price target on Expand Energy from $127.00 to $124.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Truist Financial lifted their price target on Expand Energy from $117.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings downgraded Expand Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.67.
Read Our Latest Analysis on Expand Energy
Insider Activity
In related news, CEO Michael Wichterich bought 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the acquisition, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by company insiders.
Expand Energy 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.
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