Xponance Inc. Takes $3.34 Million Position in Expand Energy Corporation (NASDAQ:EXE)

Xponance Inc. purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,013 shares of the company's stock, valued at approximately $3,341,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. bought a new position in Expand Energy during the first quarter worth $28,000. Princeton Global Asset Management LLC acquired a new stake in shares of Expand Energy in the 1st quarter valued at $31,000. Peoples Bank KS acquired a new position in Expand Energy during the 1st quarter worth about $33,000. Future Financial Wealth Managment LLC acquired a new position in Expand Energy during the 1st quarter worth about $56,000. Finally, Westside Investment Management Inc. acquired a new position in Expand Energy during the 1st quarter worth about $56,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Trading Up 0.2%

Shares of Expand Energy stock traded up $0.21 during midday trading on Wednesday, reaching $107.72. The company had a trading volume of 1,726,039 shares, compared to its average volume of 3,363,847. The stock has a fifty day moving average price of $114.27 and a 200 day moving average price of $107.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $25.64 billion, a PE ratio of -20.14 and a beta of 0.48. Expand Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 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 company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. On average, equities analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.14%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXE. Benchmark lifted their price target on shares of Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Piper Sandler raised their price target on shares of Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Scotiabank raised their price target on shares of Expand Energy from $120.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. Stephens cut their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, UBS Group raised their price target on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $129.80.

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.