Expand Energy Corporation $EXE Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its holdings in Expand Energy Corporation (NASDAQ:EXE) by 43.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,660 shares of the company’s stock after selling 5,821 shares during the quarter. Sterling Capital Management LLC’s holdings in Expand Energy were worth $841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXE. Atlantic Union Bankshares Corp boosted its stake in shares of Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. Rakuten Securities Inc. increased its position in Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after acquiring an additional 193 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Expand Energy during the 4th quarter valued at approximately $30,000. Abound Wealth Management lifted its position 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 during the period. Finally, Transamerica Financial Advisors LLC lifted its position in Expand Energy by 564.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 319 shares of the company’s stock worth $35,000 after acquiring an additional 271 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXE has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday. UBS Group lifted their price objective on shares of Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Piper Sandler boosted their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Truist Financial restated a “buy” rating and set a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Finally, Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.71.

Expand Energy Stock Up 4.2%

EXE opened at $91.19 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $93.52 and a 200-day simple moving average of $101.80. The stock has a market capitalization of $21.82 billion, a P/E ratio of 6.80 and a beta of 0.33. Expand Energy Corporation has a 12 month low of $86.37 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping 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 firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. On average, equities analysts anticipate that Expand Energy Corporation will post 8.67 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, May 14th. Expand Energy’s payout ratio is presently 17.15%.

Insider Buying and Selling at Expand Energy

In related news, CEO Michael Wichterich purchased 1,000 shares of the stock in a transaction dated 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 purchase, the chief executive officer directly owned 85,498 shares in the company, valued at $7,600,772.20. This trade represents a 1.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Marcel Teunissen purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of $96.43 per share, with a total value of $192,860.00. Following the acquisition, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. This represents a 28.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 4,000 shares of company stock worth $375,120 over the last 90 days. Insiders own 0.22% of the company’s stock.

About Expand Energy

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.