Key Points
- CEO Michael Wichterich bought 1,000 Expand Energy shares on June 12 at an average price of $88.90, spending $88,900 and lifting his holdings to 85,498 shares. The filing shows this was a 1.18% increase in his ownership.
- The purchase came amid recent weakness in EXE shares, which were down 1.0% and trading near $87.90, close to their 52-week low of $86.80. The stock also remained below its 50-day and 200-day moving averages.
- Expand Energy has shown solid fundamentals and analyst support, beating quarterly EPS and revenue estimates in its latest report and paying a quarterly dividend of $0.575. Analysts currently rate the stock a Moderate Buy on average with a $131.45 price target.
Expand Energy Corporation (NASDAQ:EXE - Get Free Report) CEO Michael Wichterich purchased 1,000 shares of the business's stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the acquisition, the chief executive officer owned 85,498 shares of the company's stock, valued at approximately $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Michael Wichterich also recently made the following trade(s):
- On Thursday, June 4th, Michael Wichterich acquired 1,000 shares of Expand Energy stock. The shares were purchased at an average cost of $93.36 per share, with a total value of $93,360.00.
Expand Energy Stock Down 1.0%
NASDAQ:EXE opened at $87.90 on Tuesday. The stock has a 50-day simple moving average of $95.91 and a 200 day simple moving average of $104.26. Expand Energy Corporation has a 52-week low of $86.80 and a 52-week high of $126.62. The company has a market cap of $21.03 billion, a PE ratio of 6.55 and a beta of 0.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11.
Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The firm had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $3.53 billion. On average, sell-side analysts expect that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.575 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. Expand Energy's dividend payout ratio (DPR) is 17.15%.
Analyst Ratings Changes
Several research analysts recently commented on EXE shares. Truist Financial restated a "buy" rating and set a $134.00 target price (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. Piper Sandler boosted their price target on shares of Expand Energy from $136.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. Morgan Stanley reduced their price objective on shares of Expand Energy from $141.00 to $139.00 and set an "overweight" rating for the company in a research note on Friday, May 22nd. Benchmark increased their price target on Expand Energy from $112.00 to $124.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Expand Energy in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Expand Energy has an average rating of "Moderate Buy" and an average price target of $131.45.
Check Out Our Latest Research Report on Expand Energy
Hedge Funds Weigh In On Expand Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXE. Parallel Advisors LLC raised its position in shares of Expand Energy by 8.8% in the first quarter. Parallel Advisors LLC now owns 1,906 shares of the company's stock valued at $209,000 after purchasing an additional 154 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Expand Energy by 82.0% during the 1st quarter. NewEdge Advisors LLC now owns 8,181 shares of the company's stock worth $898,000 after buying an additional 3,685 shares during the last quarter. Carlson Capital L.P. bought a new stake in shares of Expand Energy during the 1st quarter worth about $2,606,000. Glenmede Trust Co. NA boosted its holdings in shares of Expand Energy by 61.6% during the 1st quarter. Glenmede Trust Co. NA now owns 4,453 shares of the company's stock worth $489,000 after buying an additional 1,697 shares during the period. Finally, Axiom Investment Management LLC acquired a new position in Expand Energy in the 1st quarter valued at about $57,000. 97.93% of the stock is owned by institutional investors.
About Expand Energy
(
Get 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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