Sage Rhino Capital LLC bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 2,743 shares of the company's stock, valued at approximately $305,000.
Several other institutional investors and hedge funds also recently made changes to their positions in EXE. Bank of New York Mellon Corp acquired a new stake in shares of Expand Energy in the first quarter valued at approximately $326,670,000. Vaughan Nelson Investment Management L.P. bought a new position in Expand Energy in the first quarter valued at $127,038,000. Canoe Financial LP acquired a new stake in Expand Energy in the 1st quarter valued at $79,015,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Expand Energy during the 1st quarter worth about $60,722,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Expand Energy during the 1st quarter worth about $46,811,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on EXE shares. Piper Sandler upped their target price on Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Barclays increased their price objective on Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Stephens lowered their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Mizuho upped their price target on shares of Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $129.50.
Read Our Latest Stock Report on Expand Energy
Expand Energy Stock Performance
NASDAQ EXE traded up $4.01 during trading on Monday, reaching $109.58. The company's stock had a trading volume of 4,288,606 shares, compared to its average volume of 3,783,181. Expand Energy Corporation has a 12 month low of $69.12 and a 12 month high of $123.35. The firm has a 50 day moving average price of $114.27 and a 200 day moving average price of $107.59. The firm has a market capitalization of $26.08 billion, a price-to-earnings ratio of -20.44 and a beta of 0.48. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. As a group, equities analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is presently -42.91%.
About Expand Energy
(
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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