PKO Investment Management Joint Stock Co purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,900 shares of the company's stock, valued at approximately $768,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Expand Energy during the 1st quarter worth $127,038,000. Rhumbline Advisers acquired a new stake in shares of Expand Energy in the first quarter valued at about $43,592,000. GAMMA Investing LLC purchased a new stake in Expand Energy during the first quarter worth about $36,507,000. Mercuria Capital Strategies LLC purchased a new stake in Expand Energy during the first quarter worth about $35,283,000. Finally, SG Americas Securities LLC acquired a new position in Expand Energy during the first quarter worth about $18,777,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.
Expand Energy Trading Up 1.1%
Shares of Expand Energy stock traded up $1.28 during trading hours on Friday, reaching $122.05. 5,593,784 shares of the company's stock were exchanged, compared to its average volume of 3,374,749. Expand Energy Corporation has a 52-week low of $81.66 and a 52-week high of $123.34. The company has a fifty day moving average of $111.62 and a 200-day moving average of $105.68. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $29.05 billion, a price-to-earnings ratio of -22.77 and a beta of 0.49.
Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 1.88%. Expand Energy's payout ratio is currently -42.91%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on EXE shares. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the company an "overweight" rating in a research report on Friday, June 13th. JPMorgan Chase & Co. decreased their target price on Expand Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the company a "buy" rating in a report on Saturday, June 14th. Stephens cut their price target on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Sanford C. Bernstein upgraded shares of Expand Energy to a "strong-buy" rating and set a $150.00 price objective on the stock in a research report on Thursday, May 22nd. One 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. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $127.55.
Get Our Latest Analysis on EXE
Expand Energy Profile
(
Free Report)
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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