Chicago Partners Investment Group LLC Purchases New Position in Expand Energy Corporation $EXE

Chicago Partners Investment Group LLC purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 1st quarter, Holdings Channel.com reports. The firm purchased 6,277 shares of the company’s stock, valued at approximately $689,000.

Other institutional investors have also modified their holdings of the company. J. Safra Sarasin Holding AG purchased a new stake in shares of Expand Energy during the first quarter worth approximately $2,391,000. 180 Wealth Advisors LLC acquired a new position in Expand Energy in the 1st quarter valued at $201,000. Citizens Financial Group Inc. RI acquired a new position in Expand Energy in the first quarter valued at $460,000. Fifth Third Bancorp increased its position in Expand Energy by 453.6% during the 1st quarter. Fifth Third Bancorp now owns 56,754 shares of the company’s stock worth $6,230,000 after purchasing an additional 46,503 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new position in shares of Expand Energy in the 1st quarter valued at $823,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXE. Weiss Ratings cut Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Morgan Stanley decreased their price target on Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Citigroup lowered their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Truist Financial reduced their price objective on Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expand Energy presently has an average rating of “Moderate Buy” and an average price target of $130.19.

Expand Energy Price Performance

Expand Energy stock opened at $88.13 on Friday. The business’s fifty day moving average is $91.30 and its two-hundred day moving average is $99.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $21.08 billion, a P/E ratio of 6.57 and a beta of 0.34. Expand Energy Corporation has a 52 week low of $84.99 and a 52 week high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its 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 during the quarter, compared to analyst estimates of $3.53 billion. Equities research analysts forecast that Expand Energy Corporation will post 8.4 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is currently 17.15%.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the purchase, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the acquisition, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 4,000 shares of company stock valued at $375,120 over the last three months. 0.22% of the stock is owned by company 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.