Expand Energy Corporation $EXE Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Expand Energy Corporation by 157.8% during the 2nd quarter, acquiring an additional 3,156 shares.
• The stock price of Expand Energy Corporation opened at $98.50 and has seen a 1-year high of $123.35 and a low of $75.90.
• Expand Energy announced a quarterly dividend of $0.575 per share, leading to an annualized yield of 2.3%.

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) by 157.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,156 shares of the company's stock after purchasing an additional 3,156 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Expand Energy were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of EXE. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Expand Energy in the 1st quarter worth $3,757,000. Wealth Enhancement Advisory Services LLC acquired a new position in Expand Energy in the 1st quarter worth $1,179,000. Wedbush Securities Inc. acquired a new position in Expand Energy in the 1st quarter worth $210,000. Cambridge Investment Research Advisors Inc. acquired a new position in Expand Energy in the 1st quarter worth $1,383,000. Finally, Bessemer Group Inc. acquired a new position in shares of Expand Energy during the 1st quarter worth about $75,000. Institutional investors own 97.93% of the company's stock.

Insiders Place Their Bets

In other news, COO Joshua J. Viets bought 2,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the acquisition, the chief operating officer 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the business's stock in a transaction on Friday, August 15th. The stock was bought at an average cost of $95.86 per share, with a total value of $239,650.00. Following the transaction, the chief executive officer 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 company insiders.

Expand Energy Stock Up 1.7%

Expand Energy stock traded up $1.70 during mid-day trading on Tuesday, hitting $99.96. The company had a trading volume of 938,850 shares, compared to its average volume of 3,689,779. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $98.42 and a 200 day moving average of $106.06. Expand Energy Corporation has a 1 year low of $77.41 and a 1 year high of $123.35. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 256.34 and a beta of 0.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, sell-side analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy's dividend payout ratio (DPR) is presently 589.74%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EXE. Scotiabank reissued an "outperform" rating on shares of Expand Energy in a research note on Wednesday, August 13th. Capital One Financial decreased their target price on shares of Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Barclays increased their price target on shares of Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. 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 research note on Wednesday, August 20th. Finally, Siebert Williams Shank reduced their price target on shares of Expand Energy from $142.00 to $128.00 in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $127.46.

Expand Energy Company 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.