X Square Capital LLC Purchases New Stake in Expand Energy Corporation $EXE

X Square Capital LLC purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 8,267 shares of the company’s stock, valued at approximately $754,000.

Several other institutional investors have also added to or reduced their stakes in the company. Sierra Summit Advisors LLC increased its stake in shares of Expand Energy by 25.9% during the fourth quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock valued at $8,523,000 after buying an additional 15,904 shares during the period. King Luther Capital Management Corp lifted its stake in Expand Energy by 16.6% in the fourth quarter. King Luther Capital Management Corp now owns 239,607 shares of the company’s stock worth $26,443,000 after acquiring an additional 34,132 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Expand Energy by 36,574.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Expand Energy in the fourth quarter valued at $57,153,000. Finally, Sei Investments Co. boosted its holdings in Expand Energy by 86.9% in the first quarter. Sei Investments Co. now owns 251,984 shares of the company’s stock valued at $27,663,000 after acquiring an additional 117,163 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

EXE has been the topic of a number of research analyst reports. Barclays reduced their price objective on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Johnson Rice lowered shares of Expand Energy from a “buy” rating to an “accumulate” rating and cut their target price for the company from $135.00 to $125.00 in a research note on Monday, August 17th. Truist Financial boosted their price target on shares of Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Benchmark decreased their price target on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Expand Energy currently has a consensus rating of “Moderate Buy” and an average price target of $127.67.

Expand Energy Trading Up 0.0%

NASDAQ EXE opened at $96.09 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62. The firm has a market capitalization of $22.24 billion, a PE ratio of 8.30 and a beta of 0.34. The stock’s 50 day moving average is $90.93 and its 200 day moving average is $97.58.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. Research analysts forecast that Expand Energy Corporation will post 8.84 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy’s dividend payout ratio is currently 19.86%.

Insider Activity

In other Expand Energy news, CEO Michael Wichterich purchased 1,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.

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.