Dimensional Fund Advisors LP Increases Position in Expand Energy Corporation $EXE

Dimensional Fund Advisors LP increased its position in Expand Energy Corporation (NASDAQ:EXE) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,466,772 shares of the company’s stock after acquiring an additional 166,407 shares during the period. Dimensional Fund Advisors LP’s holdings in Expand Energy were worth $270,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXE. Atlantic Union Bankshares Corp grew its stake in Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings 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 worth $28,000 after purchasing an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Expand Energy in the fourth quarter valued at approximately $30,000. Finally, Ascentis Independent Advisors purchased a new stake in Expand Energy in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Insider Activity

In other news, CFO Marcel Teunissen bought 2,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. The trade was a 28.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the transaction, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 4,000 shares of company stock worth $375,120. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of recent research reports. Truist Financial reduced their price target on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, July 10th. UBS Group cut their price objective on shares of Expand Energy from $135.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.19.

Expand Energy Price Performance

NASDAQ:EXE opened at $93.17 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day moving average price of $90.90 and a 200-day moving average price of $99.41. Expand Energy Corporation has a 1-year low of $84.99 and a 1-year high of $126.62. The firm has a market cap of $22.29 billion, a price-to-earnings ratio of 6.95 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. Equities research analysts forecast that Expand Energy Corporation will post 8.4 EPS for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a $0.575 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. Expand Energy’s dividend payout ratio is 17.15%.

About Expand Energy

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.