Expand Energy (NASDAQ:EXE) CEO Michael Wichterich Acquires 2,000 Shares

Expand Energy Corporation (NASDAQ:EXE) CEO Michael Wichterich acquired 2,000 shares of Expand Energy stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $107.50 per share, with a total value of $215,000.00. Following the purchase, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Expand Energy Price Performance

Shares of NASDAQ:EXE opened at $107.87 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The stock’s 50 day moving average is $106.19 and its 200-day moving average is $106.80. The firm has a market capitalization of $25.93 billion, a price-to-earnings ratio of 14.31 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. Sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, March 5th. Expand Energy’s dividend payout ratio (DPR) is currently 30.50%.

Analyst Upgrades and Downgrades

EXE has been the topic of a number of analyst reports. Piper Sandler lowered their target price on shares of Expand Energy from $137.00 to $136.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Jefferies Financial Group reissued a “buy” rating and issued a $141.00 price objective on shares of Expand Energy in a research note on Thursday, February 19th. Wells Fargo & Company set a $123.00 target price on Expand Energy in a report on Monday, February 23rd. Finally, Citigroup lifted their target price on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $130.38.

Institutional Investors Weigh In On Expand Energy

A number of institutional investors have recently added to or reduced their stakes in EXE. Rehmann Capital Advisory Group purchased a new stake in Expand Energy in the 4th quarter valued at about $209,000. EJMK Ventures LLC bought a new position in shares of Expand Energy during the 4th quarter worth approximately $385,000. Fearnley Asset Management AS purchased a new position in shares of Expand Energy in the 4th quarter worth approximately $12,136,000. Arwa LLC bought a new position in shares of Expand Energy in the fourth quarter valued at approximately $207,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of Expand Energy by 760.4% in the fourth quarter. Sunbelt Securities Inc. now owns 869 shares of the company’s stock valued at $96,000 after acquiring an additional 768 shares in the last quarter. 97.93% of the stock is owned by institutional investors.

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.