Quantbot Technologies LP acquired a new position 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 Securities and Exchange Commission. The fund acquired 102,418 shares of the company's stock, valued at approximately $11,401,000.
A number of other large investors also recently made changes to their positions in EXE. Harbour Investments Inc. acquired a new position in Expand Energy in the first quarter worth approximately $27,000. First Horizon Advisors Inc. acquired a new position in Expand Energy in the first quarter worth approximately $28,000. Pinney & Scofield Inc. acquired a new position in Expand Energy in the first quarter worth approximately $29,000. Cheviot Value Management LLC acquired a new position in Expand Energy in the first quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC acquired a new position in Expand Energy in the first quarter worth approximately $31,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Insider Buying and Selling at Expand Energy
In related news, COO Joshua J. Viets acquired 2,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was bought at an average cost of $92.16 per share, with a total value of $184,320.00. Following the completion of the acquisition, the chief operating officer owned 61,676 shares in the company, valued at $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of the business's stock in a transaction on Friday, August 15th. The shares were bought at an average cost of $95.86 per share, with a total value of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares of the company's stock, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their position. The disclosure for this purchase can be found here. 0.19% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the company a "buy" rating in a report on Saturday, June 14th. UBS Group lowered their price target on Expand Energy from $145.00 to $132.00 and set a "buy" rating on the stock in a report on Wednesday. Tudor Pickering & Holt lowered their price target on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. The Goldman Sachs Group lowered their price target on Expand Energy from $127.00 to $125.00 in a report on Thursday, July 17th. Finally, Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $127.42.
Check Out Our Latest Analysis on Expand Energy
Expand Energy Stock Performance
NASDAQ:EXE traded down $0.79 during trading hours on Friday, hitting $94.66. 3,435,769 shares of the company traded hands, compared to its average volume of 3,760,573. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 242.72 and a beta of 0.46. Expand Energy Corporation has a twelve month low of $69.12 and a twelve month high of $123.35. The firm has a 50-day moving average of $106.19 and a 200 day moving average of $106.97. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29.
Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.
Expand Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's dividend payout ratio (DPR) is 589.74%.
Expand Energy Company 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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