1,952 Shares in Expand Energy Corporation $EXE Acquired by Mattson Financial Services LLC

Mattson Financial Services LLC bought a new stake in Expand Energy Corporation (NASDAQ:EXE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,952 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC acquired a new stake in Expand Energy in the first quarter valued at approximately $27,000. Harbour Investments Inc. acquired a new stake in Expand Energy in the first quarter valued at approximately $27,000. First Horizon Advisors Inc. acquired a new stake in Expand Energy in the first quarter valued at approximately $28,000. Quarry LP acquired a new stake in Expand Energy in the first quarter valued at approximately $28,000. Finally, Pinney & Scofield Inc. acquired a new stake in Expand Energy in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was bought at an average cost of $95.86 per share, with a total value of $239,650.00. Following the completion of the transaction, the chief executive officer directly owned 166,715 shares in the company, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Joshua J. Viets bought 2,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the acquisition, the chief operating officer directly owned 61,676 shares in the company, valued at $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by company insiders.

Expand Energy Trading Down 0.7%

EXE opened at $95.84 on Friday. Expand Energy Corporation has a 1-year low of $71.06 and a 1-year high of $123.35. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The company has a market cap of $22.82 billion, a P/E ratio of 245.75 and a beta of 0.46. The company has a fifty day moving average price of $99.70 and a two-hundred day moving average price of $106.05.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. Analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy’s payout ratio is 589.74%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bernstein Bank cut their target price on shares of Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 target price (up previously from $146.00) on shares of Expand Energy in a research report on Thursday. KeyCorp cut their price target on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. The Goldman Sachs Group cut their price target on shares of Expand Energy from $127.00 to $125.00 in a report on Thursday, July 17th. Finally, Jefferies Financial Group set a $135.00 price target on shares of Expand Energy and gave the stock a “buy” rating in a report on Saturday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Expand Energy currently has an average rating of “Buy” and an average target price of $127.69.

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.