Hodges Capital Management Inc. Acquires 5,319 Shares of Expand Energy Corporation $EXE

Hodges Capital Management Inc. boosted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 121,394 shares of the company’s stock after acquiring an additional 5,319 shares during the quarter. Expand Energy makes up about 1.4% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 17th biggest position. Hodges Capital Management Inc.’s holdings in Expand Energy were worth $14,196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Transamerica Financial Advisors LLC purchased a new position in shares of Expand Energy during the first quarter valued at approximately $27,000. Harbour Investments Inc. purchased a new stake in Expand Energy in the first quarter worth $27,000. Quarry LP bought a new stake in Expand Energy in the first quarter valued at $28,000. Assetmark Inc. increased its position in Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after purchasing an additional 184 shares during the period. Finally, Pinney & Scofield Inc. bought a new stake in shares of Expand Energy during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EXE shares. Morgan Stanley increased their price target on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. UBS Group increased their target price on Expand Energy from $131.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. The Goldman Sachs Group lowered their target price on Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. William Blair began coverage on Expand Energy in a research note on Tuesday, October 14th. They issued an “outperform” rating on the stock. Finally, Siebert Williams Shank decreased their price objective on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.24.

Expand Energy Stock Performance

Expand Energy stock opened at $112.45 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $26.78 billion, a P/E ratio of 31.95 and a beta of 0.47. The stock’s 50 day moving average is $102.59 and its 200 day moving average is $106.06. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $123.35.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be paid a $0.575 dividend. The ex-dividend date is Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.0%. Expand Energy’s payout ratio is presently 65.34%.

Insider Transactions at Expand Energy

In other news, COO Joshua J. Viets bought 2,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $92.16 per share, with a total value of $184,320.00. Following the completion of the acquisition, the chief operating officer owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the company’s stock in a transaction dated 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 purchase, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. This represents a 1.52% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.19% of the company’s stock.

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.