Callan Family Office LLC Invests $594,000 in Expand Energy Corporation $EXE

Callan Family Office LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,082 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXE. Vanguard Group Inc. purchased a new position in shares of Expand Energy in the first quarter worth about $2,973,033,000. Price T Rowe Associates Inc. MD purchased a new position in Expand Energy during the first quarter worth about $1,310,932,000. T. Rowe Price Investment Management Inc. purchased a new position in Expand Energy during the first quarter worth about $701,831,000. Wellington Management Group LLP purchased a new position in Expand Energy during the first quarter worth about $624,083,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Expand Energy during the first quarter worth about $518,328,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Price Performance

Expand Energy stock opened at $102.68 on Tuesday. The company’s 50 day simple moving average is $99.41 and its 200-day simple moving average is $106.03. The company has a market capitalization of $24.45 billion, a price-to-earnings ratio of 263.29 and a beta of 0.47. Expand Energy Corporation has a 1 year low of $82.69 and a 1 year high of $123.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. As a group, equities research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were issued a $0.575 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. Expand Energy’s payout ratio is 589.74%.

Insider Buying and Selling

In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joshua J. Viets acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the acquisition, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This represents a 3.35% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on EXE shares. Roth Capital downgraded shares of Expand Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $125.00 to $98.00 in a research note on Monday, August 18th. Bernstein Bank reduced their target price on shares of Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 target price (up from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Capital One Financial reduced their target price on shares of Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.77.

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.