Expand Energy Corporation $EXE Shares Bought by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC boosted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 25.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,230 shares of the company’s stock after acquiring an additional 15,904 shares during the period. Sierra Summit Advisors LLC’s holdings in Expand Energy were worth $8,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp grew its holdings in Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Rakuten Securities Inc. grew its holdings in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after acquiring an additional 193 shares in the last quarter. ESL Trust Services LLC acquired a new position in Expand Energy during the 3rd quarter worth approximately $32,000. Abound Wealth Management grew its holdings in Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after acquiring an additional 267 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

EXE has been the subject of several recent analyst reports. Piper Sandler boosted their price objective 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. William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Barclays boosted their price objective on shares of Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. UBS Group boosted their price objective on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a $141.00 price objective on shares of Expand Energy in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and an average target price of $132.09.

Expand Energy Stock Down 2.0%

Shares of NASDAQ:EXE opened at $98.85 on Thursday. The company has a market capitalization of $23.65 billion, a PE ratio of 7.37 and a beta of 0.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The firm has a 50 day simple moving average of $101.73 and a 200-day simple moving average of $107.07.

Expand Energy (NASDAQ:EXE) last released its quarterly 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. The firm had revenue of $4.40 billion during 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%. On average, equities analysts predict that Expand Energy Corporation will post 8.87 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. Expand Energy’s dividend payout ratio is currently 17.15%.

Insiders Place Their Bets

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the purchase, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marcel Teunissen purchased 2,000 shares of the firm’s 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 purchase, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.22% of the stock is owned by corporate insiders.

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.