Oppenheimer & Co. Inc. Buys Shares of 13,086 Expand Energy Corporation $EXE

Key Points

• Oppenheimer & Co. bought a new stake of 13,086 shares of Expand Energy (EXE) in Q4, valued at about $1.44 million.
• Expand Energy beat estimates in its latest quarter with $3.83 EPS (vs. $3.61 est.) and $4.40 billion in revenue, and analysts hold a consensus "Moderate Buy" with a $132.09 target.
• The company announced a quarterly dividend of $0.575 (annualized $2.30, 2.3% yield; ex-dividend May 14, payable June 4), and CEO Michael Wichterich purchased 2,000 shares at $107.50, signaling insider confidence.

Oppenheimer & Co. Inc. bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,086 shares of the company's stock, valued at approximately $1,444,000.

Several other large investors also recently modified their holdings of the company. Siemens Fonds Invest GmbH grew its position in Expand Energy by 6.8% during the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company's stock valued at $147,000 after buying an additional 88 shares during the period. Hara Capital LLC boosted its stake in shares of Expand Energy by 3.3% during the 3rd quarter. Hara Capital LLC now owns 3,145 shares of the company's stock worth $334,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board grew its position in shares of Expand Energy by 1.0% during the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company's stock valued at $1,041,000 after acquiring an additional 100 shares during the period. McGowan Group Asset Management Inc. increased its stake in shares of Expand Energy by 0.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company's stock worth $2,657,000 after purchasing an additional 105 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in Expand Energy by 5.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company's stock worth $232,000 after purchasing an additional 108 shares during the period. Institutional investors own 97.93% of the company's stock.

Expand Energy Trading Down 1.0%

Expand Energy stock opened at $99.76 on Wednesday. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The firm's 50 day moving average price is $103.72 and its 200-day moving average price is $107.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $23.87 billion, a P/E ratio of 7.44 and a beta of 0.36.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $3.61 by $0.22. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. On average, equities analysts predict that Expand Energy Corporation will post 9.08 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. Expand Energy's dividend payout ratio (DPR) is presently 17.15%.

Insider Activity

In other news, CEO Michael Wichterich bought 2,000 shares of Expand Energy stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $107.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the chief executive officer owned 83,498 shares of the company's stock, valued at $8,976,035. This trade represents a 2.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on EXE. Piper Sandler upped their price target on Expand Energy from $136.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. Stephens increased their target price on shares of Expand Energy from $145.00 to $146.00 and gave the stock an "overweight" rating in a report on Wednesday, February 18th. Truist Financial restated a "buy" rating and set a $134.00 target price (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th. TD Cowen upgraded shares of Expand Energy to a "strong-buy" rating in a research report on Monday, February 9th. Finally, William Blair downgraded shares of Expand Energy from an "outperform" rating to a "market perform" rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Expand Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.09.

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.

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