Expand Energy (NASDAQ:EXE) CFO Purchases $192,860.00 in Stock

Expand Energy Corporation (NASDAQ:EXE) CFO Marcel Teunissen purchased 2,000 shares of Expand Energy stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the acquisition, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. The trade was a 28.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Expand Energy Stock Performance

Shares of NASDAQ:EXE opened at $96.06 on Friday. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The stock has a market capitalization of $22.98 billion, a P/E ratio of 7.16 and a beta of 0.36. The firm has a fifty day simple moving average of $103.48 and a two-hundred day simple moving average of $107.46. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. On average, analysts expect that Expand Energy Corporation will post 8.87 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

Hedge Funds Weigh In On Expand Energy

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Expand Energy by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,029 shares of the company’s stock worth $1,760,000 after purchasing an additional 614 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in shares of Expand Energy during the 1st quarter worth about $449,000. Florida Financial Advisors LLC boosted its stake in shares of Expand Energy by 24.5% during the 1st quarter. Florida Financial Advisors LLC now owns 2,689 shares of the company’s stock worth $296,000 after purchasing an additional 530 shares during the period. Earned Wealth Advisors LLC purchased a new position in shares of Expand Energy during the 1st quarter worth about $295,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Expand Energy by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,466,772 shares of the company’s stock worth $270,838,000 after purchasing an additional 166,407 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $141.00 price objective on shares of Expand Energy in a research note on Thursday, February 19th. Piper Sandler lifted their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Morgan Stanley reissued an “overweight” rating on shares of Expand Energy in a research note on Friday, March 27th. Weiss Ratings raised shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Finally, UBS Group lifted their price objective on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $132.09.

Expand Energy Company 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.