Expand Energy (NASDAQ:EXE) CFO Marcel Teunissen Buys 2,000 Shares of Stock

Expand Energy Corporation (NASDAQ:EXE) CFO Marcel Teunissen purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Expand Energy Stock Performance

NASDAQ:EXE opened at $97.42 on Friday. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62. 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 firm’s fifty day moving average price is $103.48 and its 200 day moving average price is $107.46. The firm has a market cap of $23.31 billion, a price-to-earnings ratio of 7.26 and a beta of 0.36.

Expand Energy (NASDAQ:EXE) last posted its quarterly 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 net margin of 22.53% and a return on equity of 10.26%. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. On average, sell-side analysts expect that Expand Energy Corporation will post 8.87 EPS for the current year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy’s dividend payout ratio is 17.15%.

Institutional Trading of Expand Energy

Large investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH grew its position in shares of Expand Energy by 12.8% in the third quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock valued at $12,838,000 after purchasing an additional 13,670 shares during the period. Intech Investment Management LLC grew its position in Expand Energy by 513.9% during the third quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock valued at $3,908,000 after acquiring an additional 30,790 shares during the period. Candriam S.C.A. grew its position in Expand Energy by 59.0% during the third quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock valued at $3,272,000 after acquiring an additional 11,428 shares during the period. CSM Advisors LLC acquired a new stake in Expand Energy during the 3rd quarter worth approximately $20,103,000. Finally, Cibc World Market Inc. increased its position in shares of Expand Energy by 16.2% in the third quarter. Cibc World Market Inc. now owns 78,149 shares of the company’s stock worth $8,303,000 after acquiring an additional 10,919 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Stephens raised their price objective on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Benchmark boosted their target price on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, UBS Group upped their target price on Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.09.

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.