Goehring & Rozencwajg Associates LLC Invests $12.20 Million in Expand Energy Corporation (NASDAQ:EXE)

Goehring & Rozencwajg Associates LLC purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 111,704 shares of the company’s stock, valued at approximately $12,204,000. Expand Energy accounts for about 2.2% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 15th largest position.

Several other large investors have also recently bought and sold shares of EXE. GAMMA Investing LLC acquired a new position in Expand Energy during the first quarter valued at $36,507,000. Parallel Advisors LLC purchased a new position in Expand Energy in the first quarter valued at about $286,000. Doliver Advisors LP purchased a new position in Expand Energy in the first quarter valued at about $446,000. Peoples Bank KS purchased a new position in Expand Energy in the first quarter valued at about $33,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Expand Energy in the first quarter valued at about $466,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Down 2.2%

EXE opened at $107.95 on Friday. Expand Energy Corporation has a 1-year low of $81.66 and a 1-year high of $123.35. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of -20.14 and a beta of 0.48. The business has a 50 day moving average of $114.14 and a 200-day moving average of $107.00.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. As a group, sell-side analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were issued a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a yield of 2.13%. Expand Energy’s dividend payout ratio (DPR) is -42.91%.

Wall Street Analysts Forecast Growth

EXE has been the topic of a number of recent research reports. Sanford C. Bernstein upgraded Expand Energy to a “strong-buy” rating and set a $150.00 target price on the stock in a research note on Thursday, May 22nd. Piper Sandler boosted their target price on Expand Energy from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, May 28th. TD Cowen upgraded Expand Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. Morgan Stanley boosted their target price on Expand Energy from $137.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Finally, Benchmark boosted their target price on Expand Energy from $93.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $128.40.

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.