Goehring & Rozencwajg Associates LLC Grows Position in Expand Energy Corporation $EXE

Goehring & Rozencwajg Associates LLC increased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 36.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 225,860 shares of the company’s stock after acquiring an additional 60,492 shares during the quarter. Expand Energy comprises about 1.3% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 25th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Expand Energy were worth $24,795,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Atlantic Union Bankshares Corp lifted its stake in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy in the fourth quarter worth about $30,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Expand Energy in the first quarter worth about $32,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Truist Financial dropped their price target on Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, July 10th. William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Citigroup lowered their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.88.

Insider Buying and Selling at Expand Energy

In other news, CFO Marcel Teunissen acquired 2,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the transaction, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. The trade was a 28.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were purchased at an average price of $88.90 per share, for a total transaction 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. The trade was a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 4,000 shares of company stock worth $375,120 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Expand Energy Stock Down 0.2%

Shares of NASDAQ:EXE opened at $87.63 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62. The company has a 50-day moving average price of $91.65 and a 200 day moving average price of $100.18. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 6.53 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates 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 predict that Expand Energy Corporation will post 8.4 earnings per share for the current year.

Expand Energy Dividend Announcement

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

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.