Landscape Capital Management L.L.C. Purchases Shares of 11,451 Expand Energy Corporation $EXE

Landscape Capital Management L.L.C. purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,451 shares of the company’s stock, valued at approximately $1,044,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Korea Investment CORP purchased a new stake in shares of Expand Energy in the second quarter worth approximately $15,684,000. EP Wealth Advisors LLC purchased a new position in shares of Expand Energy during the second quarter valued at approximately $465,000. Ieq Capital LLC purchased a new position in shares of Expand Energy during the second quarter valued at approximately $13,456,000. Callan Family Office LLC bought a new stake in Expand Energy during the second quarter worth $431,000. Finally, Allworth Financial LP bought a new stake in Expand Energy during the second quarter worth $456,000. 97.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXE has been the topic of several recent analyst reports. Morgan Stanley dropped their price objective on Expand Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group reduced their target price on shares of Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Wolfe Research reiterated an “outperform” rating and issued a $114.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Benchmark lowered their target price on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and an average target price of $127.67.

Expand Energy Stock Performance

Shares of EXE opened at $96.09 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $22.24 billion, a price-to-earnings ratio of 8.30 and a beta of 0.34. The stock has a 50 day moving average of $90.93 and a 200 day moving average of $97.51. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data 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 business 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%. As a group, sell-side analysts forecast that Expand Energy Corporation will post 8.84 earnings per share for the current 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 paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Expand Energy’s payout ratio is presently 19.86%.

Insider Activity at Expand Energy

In related news, CEO Michael Wichterich purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of $88.90 per share, with a total value of $88,900.00. Following the acquisition, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.22% of the stock is owned by 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.