MASTERINVEST Kapitalanlage GmbH Purchases Shares of 16,900 Expand Energy Corporation $EXE

MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,900 shares of the company’s stock, valued at approximately $1,976,000.

Other large investors also recently made changes to their positions in the company. Inspire Investing LLC bought a new position in Expand Energy during the first quarter worth $312,000. Horizon Investments LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth about $342,000. Plato Investment Management Ltd bought a new stake in shares of Expand Energy during the 1st quarter worth about $503,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Expand Energy during the 2nd quarter worth about $209,000. Finally, Confluence Investment Management LLC acquired a new position in Expand Energy in the 2nd quarter valued at about $820,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analysts Set New Price Targets

EXE has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Mizuho increased their target price on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Barclays decreased their price objective on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Roth Capital cut Expand Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $125.00 to $98.00 in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.44.

Expand Energy Trading Down 1.3%

Shares of EXE stock opened at $112.79 on Friday. The stock has a market cap of $26.86 billion, a P/E ratio of 32.04 and a beta of 0.45. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $111.55 and a 200 day simple moving average of $107.36.

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

Expand Energy Announces Dividend

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

Expand Energy Company 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.