Expand Energy Corporation $EXE Shares Acquired by Oak Family Advisors LLC

Oak Family Advisors LLC increased its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 24.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,685 shares of the company’s stock after buying an additional 7,120 shares during the quarter. Oak Family Advisors LLC’s holdings in Expand Energy were worth $3,917,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXE. Atlantic Union Bankshares Corp grew its position in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Rakuten Securities Inc. raised its position 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 during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Expand Energy in the fourth quarter valued at $30,000. Abound Wealth Management lifted its stake in shares of Expand Energy by 890.0% in the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after purchasing an additional 267 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Expand Energy by 564.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 319 shares of the company’s stock valued at $35,000 after purchasing an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Trading Down 0.1%

EXE opened at $88.60 on Thursday. Expand Energy Corporation has a 52 week low of $86.37 and a 52 week high of $126.62. The business has a fifty day simple moving average of $94.10 and a 200-day simple moving average of $102.65. The firm has a market cap of $21.20 billion, a P/E ratio of 6.61 and a beta of 0.33. 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 (NASDAQ:EXE) last issued 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 return on equity of 10.26% and a net margin of 22.53%.The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. On average, equities analysts expect that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.575 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. Expand Energy’s dividend payout ratio is 17.15%.

Insider Transactions at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen purchased 2,000 shares of Expand Energy stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Wichterich purchased 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the transaction, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 4,000 shares of company stock worth $375,120 over the last quarter. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EXE. William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Morgan Stanley dropped their price target 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, Benchmark boosted their price target 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. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.

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.