Expand Energy (NASDAQ:EXE) CEO Michael Wichterich Purchases 1,000 Shares

Expand Energy Corporation (NASDAQ:EXE) CEO Michael Wichterich purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Michael Wichterich also recently made the following trade(s):

• On Thursday, June 4th, Michael Wichterich acquired 1,000 shares of Expand Energy stock. The stock was acquired at an average cost of $93.36 per share, for a total transaction of $93,360.00.

Expand Energy Price Performance

EXE opened at $87.90 on Tuesday. The company has a fifty day moving average price of $95.91 and a two-hundred day moving average price of $104.26. 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 Corporation has a 52 week low of $86.80 and a 52 week high of $126.62. The firm has a market capitalization of $21.03 billion, a PE ratio of 6.55 and a beta of 0.33.

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, beating analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. As a group, analysts anticipate that Expand Energy Corporation will post 8.7 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. Investors of record on Thursday, May 14th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, May 14th. Expand Energy’s dividend payout ratio is currently 17.15%.

Institutional Investors Weigh In On Expand Energy

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC increased its stake in Expand Energy by 8.8% during the 1st quarter. Parallel Advisors LLC now owns 1,906 shares of the company’s stock worth $209,000 after purchasing an additional 154 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Expand Energy by 82.0% in the first quarter. NewEdge Advisors LLC now owns 8,181 shares of the company’s stock valued at $898,000 after buying an additional 3,685 shares in the last quarter. Carlson Capital L.P. acquired a new position in shares of Expand Energy in the first quarter valued at approximately $2,606,000. Glenmede Trust Co. NA boosted its holdings in shares of Expand Energy by 61.6% in the first quarter. Glenmede Trust Co. NA now owns 4,453 shares of the company’s stock valued at $489,000 after buying an additional 1,697 shares during the period. Finally, Axiom Investment Management LLC bought a new stake in shares of Expand Energy during the first quarter worth $57,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EXE shares. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Barclays downgraded shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Truist Financial reissued a “buy” rating and set a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Finally, Stephens upped their target price on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.45.

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.