DNB Asset Management AS Purchases 24,153 Shares of Expand Energy Corporation $EXE

DNB Asset Management AS grew its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 54.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 68,523 shares of the company’s stock after buying an additional 24,153 shares during the quarter. DNB Asset Management AS’s holdings in Expand Energy were worth $7,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp lifted its position in shares of Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Abound Wealth Management increased its stake in shares of Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after purchasing an additional 267 shares during the last quarter. ESL Trust Services LLC purchased a new stake in shares of Expand Energy during the 3rd quarter worth approximately $32,000. Finally, Assetmark Inc. increased its stake in shares of Expand Energy by 54.5% during the 4th quarter. Assetmark Inc. now owns 414 shares of the company’s stock worth $46,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

EXE has been the subject of several research analyst reports. Truist Financial restated a “buy” rating and set a $134.00 price target (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. William Blair lowered shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Finally, UBS Group raised their price target on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.09.

Expand Energy Stock Up 1.8%

Expand Energy stock opened at $98.45 on Tuesday. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62. The firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 7.34 and a beta of 0.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $102.03 and a 200 day simple moving average of $107.08.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. On average, analysts predict that Expand Energy Corporation will post 8.87 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, May 14th. Expand Energy’s payout ratio is currently 17.15%.

Insider Buying and Selling

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

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.