Aristeia Capital L.L.C. Sells 38,654 Shares of Expand Energy Corporation $EXE

Aristeia Capital L.L.C. decreased its position in Expand Energy Corporation (NASDAQ:EXE) by 38.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,915 shares of the company’s stock after selling 38,654 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Expand Energy were worth $6,723,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Expand Energy in the first quarter valued at about $2,599,000. Ashton Thomas Private Wealth LLC bought a new position in Expand Energy in the first quarter valued at about $208,000. Focus Partners Wealth bought a new position in Expand Energy in the first quarter valued at about $205,000. Geneos Wealth Management Inc. bought a new position in Expand Energy in the first quarter valued at about $79,000. Finally, Gamco Investors INC. ET AL bought a new position in Expand Energy in the second quarter valued at about $757,000. Institutional investors own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

EXE has been the topic of a number of recent research reports. Barclays downgraded Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Jefferies Financial Group reissued a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Wells Fargo & Company set a $123.00 target price on Expand Energy in a report on Monday, February 23rd. Finally, Stephens increased their target price on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.45.

Insider Activity

In related news, CFO Marcel Teunissen acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were purchased at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. This represents a 28.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was bought at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 4,000 shares of company stock worth $375,120 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Stock Down 1.0%

NASDAQ EXE opened at $87.46 on Thursday. The stock’s 50-day moving average price is $95.28 and its 200-day moving average price is $103.83. 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 Corporation has a 52 week low of $86.80 and a 52 week high of $126.62. The company has a market capitalization of $20.92 billion, a P/E ratio of 6.52 and a beta of 0.33.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping 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 the consensus estimate of $3.53 billion. On average, equities research analysts predict that Expand Energy Corporation will post 8.87 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.6%. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

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.