Expand Energy Corporation $EXE Shares Acquired by Holowesko Partners Ltd.

Holowesko Partners Ltd. increased its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 23.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,400 shares of the company’s stock after purchasing an additional 24,600 shares during the period. Expand Energy accounts for about 4.9% of Holowesko Partners Ltd.’s investment portfolio, making the stock its 9th largest holding. Holowesko Partners Ltd.’s holdings in Expand Energy were worth $14,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp increased its holdings in shares of 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 buying an additional 100 shares in the last quarter. Rakuten Securities Inc. grew its position in 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 in the last quarter. Abound Wealth Management grew its position in 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 in the last quarter. Assetmark Inc. grew its holdings in shares of Expand Energy by 54.5% during the 4th quarter. Assetmark Inc. now owns 414 shares of the company’s stock valued at $46,000 after acquiring an additional 146 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after acquiring an additional 199 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Truist Financial reaffirmed a “buy” rating and set a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Morgan Stanley cut their price objective on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Finally, Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.45.

Insider Transactions at Expand Energy

In other news, CFO Marcel Teunissen acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of $96.43 per share, with a total value of $192,860.00. Following the transaction, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Wichterich bought 1,000 shares of Expand Energy stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average cost of $93.36 per share, with a total value of $93,360.00. Following the acquisition, the chief executive officer directly owned 84,498 shares in the company, valued at $7,888,733.28. This trade represents a 1.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.22% of the company’s stock.

Expand Energy Stock Performance

EXE opened at $92.07 on Monday. The firm’s fifty day moving average is $98.39 and its two-hundred day moving average is $105.42. The firm has a market cap of $22.03 billion, a PE ratio of 6.87 and a beta of 0.33. Expand Energy Corporation has a twelve month low of $90.79 and a twelve month high of $126.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping 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 company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Equities research analysts anticipate that Expand Energy Corporation will post 8.7 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Expand Energy 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.