Expand Energy Corporation $EXE Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in Expand Energy Corporation (NASDAQ:EXE) by 201.1% in the second quarter, Holdings Channel.com reports. The firm owned 716,674 shares of the company’s stock after acquiring an additional 478,650 shares during the quarter. Van ECK Associates Corp’s holdings in Expand Energy were worth $65,354,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp increased its position in Expand Energy by 74.6% during 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 during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after buying an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Expand Energy in the 4th quarter valued at approximately $30,000. Ascentis Independent Advisors acquired a new stake in shares of Expand Energy in the 1st quarter valued at approximately $32,000. Finally, Eastern Bank purchased a new stake in shares of Expand Energy in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EXE shares. Wolfe Research reaffirmed an “outperform” rating and set a $114.00 price objective on shares of Expand Energy in a report on Wednesday, July 29th. Benchmark reduced their target price on Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Johnson Rice lowered shares of Expand Energy from a “buy” rating to an “accumulate” rating and decreased their target price for the stock from $135.00 to $125.00 in a research report on Monday, August 17th. Truist Financial upped their price target on shares of Expand Energy from $117.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Roth Capital reiterated a “neutral” rating and issued a $93.00 price target on shares of Expand Energy in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Expand Energy has a consensus rating of “Moderate Buy” and a consensus target price of $126.89.

Insider Buying and Selling at Expand Energy

In other news, CEO Michael Wichterich purchased 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was 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 $7,600,772.20. This represents a 1.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.

Expand Energy Price Performance

Shares of NASDAQ:EXE opened at $98.16 on Friday. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 8.48 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50 day simple moving average is $91.85 and its 200-day simple moving average is $97.15. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. As a group, equities analysts forecast that Expand Energy Corporation will post 8.84 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.575 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.3%. Expand Energy’s dividend payout ratio is 19.86%.

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.