Inscription Capital LLC Takes $256,000 Position in Expand Energy Corporation (NASDAQ:EXE)

Inscription Capital LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,298 shares of the company’s stock, valued at approximately $256,000.

Other hedge funds have also recently made changes to their positions in the company. Princeton Global Asset Management LLC purchased a new stake in Expand Energy during the first quarter valued at $31,000. Peoples Bank KS bought a new stake in shares of Expand Energy during the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC bought a new stake in shares of Expand Energy during the 1st quarter valued at about $56,000. Piscataqua Savings Bank purchased a new stake in shares of Expand Energy during the 1st quarter valued at about $58,000. Finally, Sentry Investment Management LLC bought a new position in shares of Expand Energy in the 1st quarter worth approximately $78,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Expand Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Wells Fargo & Company boosted their price objective on shares of Expand Energy from $112.00 to $114.00 and gave the company an “equal weight” rating in a research report on Monday. Mizuho raised their target price on Expand Energy from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. Morgan Stanley boosted their price target on Expand Energy from $137.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Finally, Stephens reduced their price target on Expand Energy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $127.55.

Expand Energy Price Performance

EXE stock opened at $120.77 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The company’s fifty day moving average price is $111.20 and its 200-day moving average price is $105.52. Expand Energy Corporation has a one year low of $81.66 and a one year high of $121.10. The company has a market capitalization of $28.74 billion, a PE ratio of -22.53 and a beta of 0.49.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.85 by $0.17. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.10 billion. On average, equities analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.90%. Expand Energy’s dividend payout ratio is currently -42.91%.

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.