Goehring & Rozencwajg Associates LLC Buys 54,567 Shares of Expand Energy Corporation $EXE

Goehring & Rozencwajg Associates LLC grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 49.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,368 shares of the company’s stock after buying an additional 54,567 shares during the quarter. Expand Energy accounts for approximately 1.8% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 19th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Expand Energy were worth $18,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Siemens Fonds Invest GmbH grew its stake in shares of Expand Energy by 6.8% during the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after buying an additional 88 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Expand Energy by 1.0% during the third 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 last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Expand Energy by 74.6% during the fourth 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 last quarter. McGowan Group Asset Management Inc. grew its stake 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 valued at $2,657,000 after buying an additional 105 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake 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 valued at $232,000 after buying an additional 108 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Up 2.0%

NASDAQ EXE opened at $88.78 on Friday. 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 stock has a market capitalization of $21.24 billion, a PE ratio of 6.62 and a beta of 0.33. Expand Energy Corporation has a 1 year low of $86.80 and a 1 year high of $126.62. The business’s 50-day moving average is $96.23 and its 200 day moving average is $104.55.

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

Expand Energy Announces Dividend

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 $0.575 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.30 annualized dividend and a yield of 2.6%. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Insider Activity

In related news, CEO Michael Wichterich acquired 1,000 shares of the stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $93.36 per share, for a total transaction of $93,360.00. Following the completion of the acquisition, the chief executive officer directly owned 84,498 shares of the company’s stock, valued at approximately $7,888,733.28. This represents a 1.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marcel Teunissen acquired 2,000 shares of the stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the acquisition, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXE. Piper Sandler raised their price objective on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. UBS Group raised their target price on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Stephens raised their target price on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. Two 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.com, Expand Energy has a consensus rating of “Moderate Buy” and a consensus target price of $131.45.

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.