Expand Energy Corporation $EXE Holdings Trimmed by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC cut its position in shares of Expand Energy Corporation (NASDAQ:EXEFree Report) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,518 shares of the company’s stock after selling 643 shares during the quarter. Expand Energy makes up about 1.6% of Uhlmann Price Securities LLC’s holdings, making the stock its 8th biggest position. Uhlmann Price Securities LLC’s holdings in Expand Energy were worth $2,283,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Expand Energy in the first quarter worth about $3,757,000. Wealth Enhancement Advisory Services LLC bought a new stake in Expand Energy in the first quarter worth about $1,179,000. Wedbush Securities Inc. bought a new stake in Expand Energy in the first quarter worth about $210,000. Cambridge Investment Research Advisors Inc. bought a new stake in Expand Energy in the first quarter worth about $1,383,000. Finally, Bessemer Group Inc. bought a new stake in Expand Energy in the first quarter worth about $75,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

NASDAQ EXE opened at $100.78 on Monday. The company’s 50 day moving average is $99.45 and its 200-day moving average is $105.72. Expand Energy Corporation has a 12-month low of $82.69 and a 12-month high of $123.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The firm has a market cap of $24.00 billion, a P/E ratio of 258.42 and a beta of 0.47.

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

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy’s dividend payout ratio is 589.74%.

Wall Street Analyst Weigh In

Several analysts have commented on EXE shares. Tudor Pickering & Holt lowered their price objective on shares of Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Capital One Financial lowered their price objective on shares of Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Mizuho set a $136.00 price objective on shares of Expand Energy in a research report on Monday, September 15th. Wells Fargo & Company lowered their price target on shares of Expand Energy from $121.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 15th. Finally, Piper Sandler lowered their price target on shares of Expand Energy from $140.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Expand Energy presently has a consensus rating of “Moderate Buy” and an average target price of $127.62.

Read Our Latest Research Report on EXE

Insider Buying and Selling

In other news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average price of $95.86 per share, with a total value of $239,650.00. Following the acquisition, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joshua J. Viets bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost 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. This trade represents a 3.35% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Expand Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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