Kopernik Global Investors LLC Acquires 132,053 Shares of Expand Energy Corporation $EXE

Kopernik Global Investors LLC boosted its holdings in Expand Energy Corporation (NASDAQ:EXE) by 19.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 813,632 shares of the company’s stock after purchasing an additional 132,053 shares during the period. Expand Energy accounts for approximately 6.2% of Kopernik Global Investors LLC’s portfolio, making the stock its 5th largest position. Kopernik Global Investors LLC’s holdings in Expand Energy were worth $89,321,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. First Trust Advisors LP boosted its position in shares of Expand Energy by 110.0% in the first quarter. First Trust Advisors LP now owns 776,111 shares of the company’s stock valued at $85,201,000 after acquiring an additional 406,535 shares during the period. Westpac Banking Corp acquired a new stake in shares of Expand Energy in the first quarter worth $472,000. Himension Capital Singapore PTE. LTD. bought a new position in Expand Energy during the first quarter worth $15,776,000. PNC Financial Services Group Inc. increased its position in Expand Energy by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 16,029 shares of the company’s stock worth $1,760,000 after acquiring an additional 614 shares during the period. Finally, Oslo Pensjonsforsikring AS acquired a new position in Expand Energy during the 1st quarter valued at $449,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Expand Energy news, CFO Marcel Teunissen bought 2,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were acquired 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 in the company, valued at $881,755.92. The trade was a 28.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael Wichterich bought 1,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 4,000 shares of company stock worth $375,120. 0.22% of the stock is owned by company insiders.

Expand Energy Stock Up 5.2%

Shares of EXE stock opened at $93.17 on Thursday. The stock has a market cap of $22.29 billion, a P/E ratio of 6.95 and a beta of 0.34. Expand Energy Corporation has a one year low of $84.99 and a one year high of $126.62. The stock has a fifty day moving average price of $90.90 and a 200 day moving average price of $99.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. Analysts predict that Expand Energy Corporation will post 8.4 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, May 14th. Expand Energy’s payout ratio is 17.15%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EXE. Morgan Stanley reduced their price target on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. UBS Group reduced their target price on shares of Expand Energy from $135.00 to $127.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Truist Financial decreased their target price on Expand Energy from $134.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Finally, KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.19.

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.