Oakworth Capital Inc. Takes $271,000 Position in Expand Energy Corporation (NASDAQ:EXE)

Oakworth Capital Inc. acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,435 shares of the company's stock, valued at approximately $271,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $127,038,000. Canoe Financial LP bought a new stake in Expand Energy in the first quarter valued at approximately $79,015,000. Rhumbline Advisers bought a new stake in Expand Energy in the first quarter valued at approximately $43,592,000. GAMMA Investing LLC purchased a new stake in shares of Expand Energy during the first quarter valued at approximately $36,507,000. Finally, Mercuria Capital Strategies LLC bought a new position in shares of Expand Energy in the first quarter worth approximately $35,283,000. Institutional investors own 97.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group set a $135.00 price target on shares of Expand Energy and gave the stock a "buy" rating in a report on Saturday, June 14th. Stephens cut their target price on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Piper Sandler boosted their price target on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Morgan Stanley increased their price objective on Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. reduced their target price on Expand Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Expand Energy currently has an average rating of "Buy" and an average target price of $127.55.

Expand Energy Trading Down 0.3%

Shares of NASDAQ:EXE opened at $118.67 on Friday. The stock has a 50 day moving average of $113.02 and a 200 day moving average of $106.34. The company has a market cap of $28.24 billion, a PE ratio of -22.14 and a beta of 0.49. Expand Energy Corporation has a 12-month low of $81.66 and a 12-month high of $123.35. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates 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 negative net margin of 18.49% and a positive return on equity of 4.64%. As a group, equities research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 1.94%. Expand Energy's payout ratio is presently -42.91%.

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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