RR Advisors LLC Invests $6.33 Million in Expand Energy Corporation $EXE

Key Points

• RR Advisors LLC has acquired 57,000 shares of Expand Energy Corporation, valued at approximately $6.33 million, making it the 16th largest holding in their portfolio.
• Expand Energy recently missed earnings estimates with an EPS of $1.10 compared to the expected $1.14, while revenue significantly surpassed expectations at $3.69 billion.
• The company declared a quarterly dividend of $0.575 per share, representing a dividend yield of 2.4%, with a notably high payout ratio of 589.74%.

RR Advisors LLC acquired a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 57,000 shares of the company's stock, valued at approximately $6,331,000. Expand Energy comprises 1.5% of RR Advisors LLC's investment portfolio, making the stock its 16th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Expand Energy during the first quarter valued at approximately $3,757,000. Wealth Enhancement Advisory Services LLC purchased a new position in Expand Energy during the first quarter valued at approximately $1,179,000. Wedbush Securities Inc. purchased a new position in Expand Energy during the first quarter valued at approximately $210,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Expand Energy in the first quarter valued at approximately $1,383,000. Finally, Bessemer Group Inc. acquired a new stake in Expand Energy in the first quarter valued at approximately $75,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price objective on the stock in a report on Thursday, May 22nd. Capital One Financial dropped their price objective on Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. KeyCorp set a $135.00 price objective on Expand Energy and gave the company an "overweight" rating in a report on Friday, June 13th. Piper Sandler lowered their price target on Expand Energy from $140.00 to $136.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company dropped their price target on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 15th. 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. According to MarketBeat.com, Expand Energy currently has an average rating of "Buy" and an average price target of $128.96.

Expand Energy Trading Up 0.1%

NASDAQ:EXE traded up $0.14 during trading hours on Friday, hitting $95.13. The company had a trading volume of 6,683,870 shares, compared to its average volume of 3,891,177. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $107.78 and a 200 day moving average of $107.27. The company has a market cap of $22.66 billion, a P/E ratio of 243.93 and a beta of 0.46. Expand Energy Corporation has a 1 year low of $69.12 and a 1 year high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). The company had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. Sell-side analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.575 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy's dividend payout ratio is currently 589.74%.

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.