Pacific Global Investment Management Co. Invests $1.85 Million in Expand Energy Corporation (NASDAQ:EXE)

Pacific Global Investment Management Co. purchased a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,606 shares of the company's stock, valued at approximately $1,849,000. Expand Energy accounts for about 2.6% of Pacific Global Investment Management Co.'s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors have also bought and sold shares of the company. Princeton Global Asset Management LLC bought a new stake in shares of Expand Energy in the first quarter valued at approximately $31,000. Peoples Bank KS purchased a new position in Expand Energy in the 1st quarter valued at approximately $33,000. Future Financial Wealth Managment LLC bought a new stake in Expand Energy during the 1st quarter valued at $56,000. Piscataqua Savings Bank purchased a new stake in shares of Expand Energy during the first quarter worth $58,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Expand Energy during the first quarter worth $75,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group dropped their price objective on Expand Energy from $131.00 to $129.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. TD Cowen raised shares of Expand Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from $108.00 to $116.00 in a report on Tuesday, April 8th. Benchmark raised their price objective on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Stephens decreased their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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 research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $127.55.

Expand Energy Price Performance

EXE traded down $1.92 during trading on Monday, reaching $117.04. The stock had a trading volume of 1,942,442 shares, compared to its average volume of 3,376,785. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The business has a 50-day moving average of $113.51 and a 200-day moving average of $106.74. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The stock has a market cap of $27.85 billion, a PE ratio of -21.84 and a beta of 0.49.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. The firm had revenue of $2.20 billion for 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%. As a group, equities research analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal 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 dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) 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.