Expand Energy Corporation $EXE Shares Acquired by Oak Family Advisors LLC

Oak Family Advisors LLC lifted its stake in Expand Energy Corporation (NASDAQ:EXE) by 24.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,685 shares of the company’s stock after purchasing an additional 7,120 shares during the period. Oak Family Advisors LLC’s holdings in Expand Energy were worth $3,917,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Siemens Fonds Invest GmbH increased its holdings in Expand Energy by 6.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after purchasing an additional 88 shares during the period. New Mexico Educational Retirement Board boosted its stake in shares of Expand Energy by 1.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after buying an additional 100 shares during the period. Atlantic Union Bankshares Corp boosted its stake in shares of Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. McGowan Group Asset Management Inc. grew its position in shares of Expand Energy by 0.4% during the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after buying an additional 105 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in shares of Expand Energy by 5.2% during the third quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock worth $232,000 after buying an additional 108 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Trading Down 0.1%

EXE opened at $88.60 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. Expand Energy Corporation has a one year low of $86.37 and a one year high of $126.62. The company has a market cap of $21.20 billion, a P/E ratio of 6.61 and a beta of 0.33. The business’s 50-day simple moving average is $94.10 and its 200-day simple moving average is $102.65.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.22. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. As a group, equities research analysts expect that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

Insider Activity at Expand Energy

In related news, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average cost of $88.90 per share, with a total value of $88,900.00. Following the transaction, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Marcel Teunissen purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. This represents a 28.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 4,000 shares of company stock valued at $375,120 in the last 90 days. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXE. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Piper Sandler boosted their price target on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Morgan Stanley dropped their price objective on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Finally, UBS Group lifted their price objective on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.45.

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.