Expand Energy (NASDAQ:EXE) CEO Michael Wichterich Acquires 1,000 Shares

Expand Energy Corporation (NASDAQ:EXE) CEO Michael Wichterich purchased 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Michael Wichterich also recently made the following trade(s):

• On Thursday, June 4th, Michael Wichterich purchased 1,000 shares of Expand Energy stock. The shares were purchased at an average cost of $93.36 per share, for a total transaction of $93,360.00.

Expand Energy Stock Performance

Shares of EXE stock traded down $0.88 during midday trading on Monday, hitting $87.90. The company had a trading volume of 3,970,803 shares, compared to its average volume of 3,634,510. The company’s 50 day simple moving average is $96.23 and its 200 day simple moving average is $104.46. Expand Energy Corporation has a 52-week low of $86.80 and a 52-week high of $126.62. The stock has a market cap of $21.03 billion, a price-to-earnings ratio of 6.55 and a beta of 0.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating 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 the consensus estimate of $3.53 billion. Research analysts anticipate that Expand Energy Corporation will post 8.7 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid 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 2.6%. Expand Energy’s payout ratio is 17.15%.

Hedge Funds Weigh In On Expand Energy

Several institutional investors have recently added to or reduced their stakes in EXE. Atlantic Union Bankshares Corp increased its stake in Expand Energy by 74.6% in the fourth 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. increased its stake in Expand Energy by 350.9% in 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 during the last quarter. SJS Investment Consulting Inc. grew its position in 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 acquiring an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Expand Energy during the fourth quarter valued at about $30,000. Finally, Ascentis Independent Advisors purchased a new stake in Expand Energy during the first quarter valued at about $32,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXE has been the topic of a number of analyst reports. Benchmark lifted their price target on Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Wells Fargo & Company set a $123.00 price target on Expand Energy in a research note on Monday, February 23rd. UBS Group lifted their price target on Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Finally, Piper Sandler lifted their price target on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Two investment 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 issued a Sell rating to the company. According to data from MarketBeat, 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.