Yousif Capital Management LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 27,774 shares of the company's stock, valued at approximately $3,092,000.
Other institutional investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new position in Expand Energy during the 1st quarter valued at approximately $31,000. Peoples Bank KS purchased a new stake in shares of Expand Energy during the first quarter valued at $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of Expand Energy in the 1st quarter valued at $56,000. Piscataqua Savings Bank purchased a new position in Expand Energy in the 1st quarter worth $58,000. Finally, Sentry Investment Management LLC acquired a new stake in Expand Energy during the 1st quarter worth about $78,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently weighed in on EXE. Piper Sandler increased their price objective on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Truist Financial dropped their target price on Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Wells Fargo & Company raised their price target on shares of Expand Energy from $112.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Monday. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the company a "buy" rating in a research note on Saturday. Finally, Benchmark increased their price objective on shares of Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Expand Energy has a consensus rating of "Buy" and an average target price of $127.55.
Get Our Latest Analysis on EXE
Expand Energy Price Performance
Shares of Expand Energy stock traded up $0.98 during trading hours on Tuesday, reaching $119.59. The stock had a trading volume of 2,599,960 shares, compared to its average volume of 3,363,755. The stock's 50 day moving average is $110.86 and its 200 day moving average is $105.41. 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 Corporation has a twelve month low of $81.66 and a twelve month high of $120.04. The firm has a market capitalization of $28.46 billion, a PE ratio of -22.31 and a beta of 0.49.
Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.17. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. Equities analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.
Expand Energy Dividend Announcement
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.
Expand Energy Company Profile
(
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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