Sage Rhino Capital LLC Buys Shares of 2,743 Expand Energy Corporation (NASDAQ:EXE)

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.

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

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.