2,299 Shares in Expand Energy Corporation (NASDAQ:EXE) Bought by Ritholtz Wealth Management

Ritholtz Wealth Management acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,299 shares of the company's stock, valued at approximately $256,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Expand Energy in the 1st quarter valued at approximately $36,507,000. Parallel Advisors LLC acquired a new position in Expand Energy in the 1st quarter valued at approximately $286,000. Doliver Advisors LP acquired a new position in Expand Energy in the 1st quarter valued at approximately $446,000. Peoples Bank KS acquired a new position in Expand Energy in the 1st quarter valued at approximately $33,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Expand Energy in the 1st quarter valued at approximately $466,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Trading Up 1.1%

NASDAQ:EXE traded up $1.28 during trading hours on Friday, hitting $122.05. 5,593,784 shares of the stock were exchanged, compared to its average volume of 3,376,499. The company's 50 day moving average is $111.99 and its two-hundred day moving average is $105.90. Expand Energy Corporation has a twelve month low of $81.66 and a twelve month high of $123.35. 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 company has a market capitalization of $29.05 billion, a P/E ratio of -22.77 and a beta of 0.49.

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

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is currently -42.91%.

Analyst Upgrades and Downgrades

EXE has been the subject of several recent research reports. UBS Group cut their price target on Expand Energy from $131.00 to $129.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company upped their price objective on Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. Jefferies Financial Group set a $135.00 price objective on Expand Energy and gave the company a "buy" rating in a research note on Saturday, June 14th. Barclays upgraded Expand Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $115.00 to $122.00 in a research note on Tuesday, April 15th. Finally, Morgan Stanley upped their price objective on Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Expand Energy currently has a consensus rating of "Buy" and a consensus price target of $127.55.

Expand Energy 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.