Pacific Global Investment Management Co. Purchases Shares of 16,606 Expand Energy Corporation (NASDAQ:EXE)

Pacific Global Investment Management Co. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC bought a new position in Expand Energy in the 1st quarter worth approximately $31,000. Peoples Bank KS acquired a new stake in shares of Expand Energy in the first quarter worth $33,000. Future Financial Wealth Managment LLC bought a new position in Expand Energy during the first quarter worth $56,000. Piscataqua Savings Bank acquired a new position in Expand Energy during the 1st quarter valued at $58,000. Finally, Bessemer Group Inc. acquired a new position in Expand Energy during the 1st quarter valued at $75,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXE has been the topic of several research reports. KeyCorp set a $135.00 price objective on shares of Expand Energy and gave the stock an "overweight" rating in a report on Friday, June 13th. Stephens decreased 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. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price target for the company in a report on Thursday, May 22nd. Benchmark raised their price objective on Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Finally, Jefferies Financial Group set a $135.00 price objective on Expand Energy and gave the company a "buy" rating in a research report on Saturday, June 14th. One research 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. Based on data from MarketBeat.com, Expand Energy currently has an average rating of "Buy" and a consensus target price of $127.55.

Expand Energy Price Performance

NASDAQ:EXE opened at $118.67 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. The firm 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's 50-day moving average price is $113.02 and its two-hundred day moving average price is $106.34.

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

Expand Energy Dividend Announcement

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

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