Oak Family Advisors LLC Acquires New Position in Expand Energy Corporation $EXE

Key Points

• Oak Family Advisors acquired a new stake of 28,565 shares in Expand Energy (NASDAQ:EXE) in Q4, valued at approximately $3.15 million.
• Expand Energy reported stronger-than-expected quarterly results—EPS $3.83 vs. $3.61 est. and revenue $4.40 billion vs. $3.53 billion—and the stock carries a MarketBeat consensus rating of "Moderate Buy" with a $132.09 target.
• The company pays a quarterly dividend of $0.575 (annualized $2.30, ~2.4% yield) and insiders recently increased holdings, with the CFO and CEO each purchasing 2,000 shares.

Oak Family Advisors LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,565 shares of the company's stock, valued at approximately $3,152,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in shares of Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company's stock valued at $27,000 after purchasing an additional 193 shares during the last quarter. ESL Trust Services LLC purchased a new position in shares of Expand Energy in the 3rd quarter valued at approximately $32,000. Abound Wealth Management raised its position in shares of Expand Energy by 890.0% in the 4th quarter. Abound Wealth Management now owns 297 shares of the company's stock valued at $33,000 after purchasing an additional 267 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Expand Energy by 85.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company's stock valued at $46,000 after purchasing an additional 199 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Expand Energy by 54.5% in the 4th quarter. Assetmark Inc. now owns 414 shares of the company's stock valued at $46,000 after purchasing an additional 146 shares during the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Price Performance

NASDAQ:EXE opened at $97.42 on Friday. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $23.31 billion, a price-to-earnings ratio of 7.26 and a beta of 0.36. The firm's fifty day moving average is $103.48 and its two-hundred day moving average is $107.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Research analysts expect that Expand Energy Corporation will post 8.87 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy's payout ratio is 17.15%.

Insider Activity at Expand Energy

In other news, CFO Marcel Teunissen bought 2,000 shares of the business's stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $96.43 per share, with a total value of $192,860.00. Following the acquisition, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Wichterich acquired 2,000 shares of the firm's stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $107.50 per share, with a total value of $215,000.00. Following the transaction, the chief executive officer owned 83,498 shares of the company's stock, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The SEC filing for this purchase provides additional information. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays increased their price objective on shares of Expand Energy from $125.00 to $127.00 and gave the company an "overweight" rating in a research report on Monday, March 16th. Piper Sandler lifted their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, March 12th. UBS Group upped their price objective on shares of Expand Energy from $133.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, April 30th. KeyCorp reiterated a "sector weight" rating on shares of Expand Energy in a research note on Thursday, April 2nd. Finally, Benchmark increased their price objective on shares of Expand Energy from $112.00 to $124.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.09.

About Expand Energy

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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