Terril Brothers Inc. Makes New Investment in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• Terril Brothers Inc. acquired 2,700 shares of Expand Energy Corporation (NASDAQ:EXE), valued at approximately $301,000, marking a significant investment in the company.
• Expand Energy reported a quarterly EPS of $1.10, missing analysts' estimates, but exceeded revenue expectations with $3.69 billion for the quarter.
• The company will pay a quarterly dividend of $0.575 on September 4th, representing an annualized yield of 2.3%, though it has a high payout ratio of 589.74%.

Terril Brothers Inc. purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,700 shares of the company's stock, valued at approximately $301,000.

Several other hedge funds also recently made changes to their positions in EXE. Harbour Investments Inc. bought a new stake in Expand Energy in the first quarter worth $27,000. First Horizon Advisors Inc. bought a new stake in Expand Energy in the first quarter worth $28,000. Pinney & Scofield Inc. bought a new stake in Expand Energy in the first quarter worth $29,000. Cheviot Value Management LLC bought a new stake in Expand Energy in the first quarter worth $29,000. Finally, Princeton Global Asset Management LLC bought a new stake in Expand Energy in the first quarter worth $31,000. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Trading Up 0.1%

Shares of NASDAQ:EXE traded up $0.14 during trading on Friday, hitting $95.13. The company had a trading volume of 6,683,870 shares, compared to its average volume of 3,669,823. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. The company has a fifty day simple moving average of $107.78 and a two-hundred day simple moving average of $107.21. Expand Energy Corporation has a one year low of $69.12 and a one year high of $123.35. The stock has a market cap of $22.66 billion, a price-to-earnings ratio of 243.93 and a beta of 0.46.

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

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.575 per share. 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%.

Analyst Ratings Changes

Several research firms have recently weighed in on EXE. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price target for the company in a research note on Thursday, May 22nd. Tudor Pickering & Holt reduced their price objective on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Barclays upped their price objective on Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Siebert Williams Shank reduced their price objective on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. Finally, Morgan Stanley upped their price objective on Expand Energy from $134.00 to $139.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $128.96.

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.