Montgomery Investment Management Inc. Makes New $305,000 Investment in Expand Energy Corporation (NASDAQ:EXE)

Montgomery Investment Management Inc. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,740 shares of the company's stock, valued at approximately $305,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in shares of Expand Energy in the 1st quarter valued at about $28,000. Princeton Global Asset Management LLC acquired a new stake in shares of Expand Energy in the first quarter valued at about $31,000. BankPlus Trust Department acquired a new stake in shares of Expand Energy in the first quarter valued at about $32,000. Peoples Bank KS acquired a new stake in shares of Expand Energy in the first quarter valued at about $33,000. Finally, Key Financial Inc acquired a new stake in shares of Expand Energy in the first quarter valued at about $41,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Analyst Upgrades and Downgrades

EXE has been the topic of a number of recent research reports. KeyCorp set a $135.00 target price on Expand Energy and gave the company an "overweight" rating in a research report on Friday, June 13th. Mizuho lifted their target price on Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Wells Fargo & Company lowered their target price on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Stephens lowered their target price on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Barclays boosted their price target on Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Expand Energy has a consensus rating of "Buy" and an average price target of $129.80.

Expand Energy Price Performance

Shares of NASDAQ:EXE traded down $0.04 during trading on Monday, hitting $98.13. 3,301,566 shares of the company were exchanged, compared to its average volume of 3,779,083. The company has a market capitalization of $23.35 billion, a P/E ratio of -18.31 and a beta of 0.48. Expand Energy Corporation has a 1-year low of $69.12 and a 1-year high of $123.35. The business's 50 day moving average is $112.74 and its 200-day moving average is $107.81. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. Equities analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.34%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is presently -42.91%.

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.