MGO One Seven LLC Acquires 7,275 Shares of Expand Energy Corporation $EXE

MGO One Seven LLC raised its position in Expand Energy Corporation (NASDAQ:EXE) by 187.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,157 shares of the company’s stock after purchasing an additional 7,275 shares during the period. MGO One Seven LLC’s holdings in Expand Energy were worth $1,231,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EXE. 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 in the last quarter. ESL Trust Services LLC bought a new stake in Expand Energy in the third quarter valued at approximately $32,000. Abound Wealth Management increased its stake in Expand Energy by 890.0% in the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after purchasing an additional 267 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Expand Energy by 85.0% in the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after purchasing an additional 199 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Expand Energy by 54.5% in the fourth quarter. Assetmark Inc. now owns 414 shares of the company’s stock valued at $46,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen bought 2,000 shares of Expand Energy stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the acquisition, the chief financial officer owned 9,144 shares of the company’s stock, valued at $881,755.92. This trade represents a 28.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Wichterich bought 2,000 shares of Expand Energy stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $107.50 per share, with a total value of $215,000.00. Following the acquisition, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at $8,976,035. The trade was a 2.45% increase in their position. The SEC filing for this purchase provides additional information. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Benchmark upped their target price on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. UBS Group upped their target price on shares of Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Barclays increased their price objective on shares of Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.09.

Expand Energy Stock Up 0.8%

Shares of EXE stock opened at $96.70 on Tuesday. The firm has a fifty day moving average of $103.09 and a 200-day moving average of $107.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The company has a market capitalization of $23.13 billion, a price-to-earnings ratio of 7.21 and a beta of 0.36.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data 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 company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. As a group, equities research analysts predict that Expand Energy Corporation will post 8.87 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

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

About Expand Energy

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.