CenterBook Partners LP Purchases 8,782 Shares of Expand Energy Corporation $EXE

CenterBook Partners LP lifted its position in Expand Energy Corporation (NASDAQ:EXE) by 55.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,610 shares of the company’s stock after purchasing an additional 8,782 shares during the quarter. CenterBook Partners LP’s holdings in Expand Energy were worth $2,716,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC increased its stake in Expand Energy by 513.9% during the third quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock worth $3,908,000 after acquiring an additional 30,790 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the last quarter. Candriam S.C.A. increased its stake in Expand Energy by 59.0% during the third quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock worth $3,272,000 after acquiring an additional 11,428 shares during the last quarter. Sierra Summit Advisors LLC increased its stake in Expand Energy by 25.9% during the fourth quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock worth $8,523,000 after acquiring an additional 15,904 shares during the last quarter. Finally, Swiss National Bank increased its stake in Expand Energy by 2.8% during the third quarter. Swiss National Bank now owns 651,656 shares of the company’s stock worth $69,232,000 after acquiring an additional 17,700 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

Insider Activity at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen bought 2,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were acquired at an average price of $93.36 per share, with a total value of $93,360.00. Following the transaction, the chief executive officer directly owned 84,498 shares of the company’s stock, valued at approximately $7,888,733.28. This trade represents a 1.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.22% of the stock is owned by insiders.

Analysts Set New Price Targets

EXE has been the topic of several analyst reports. Stephens boosted their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Piper Sandler boosted their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. UBS Group boosted their price objective on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Barclays cut Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.45.

Expand Energy Stock Down 1.8%

Shares of NASDAQ:EXE opened at $90.42 on Tuesday. Expand Energy Corporation has a 1 year low of $90.31 and a 1 year high of $126.62. The business has a 50 day simple moving average of $97.98 and a two-hundred day simple moving average of $105.24. The firm has a market capitalization of $21.63 billion, a PE ratio of 6.74 and a beta of 0.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.53 billion. On average, equities analysts predict that Expand Energy Corporation will post 8.7 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, May 14th. Expand Energy’s payout ratio is 17.15%.

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.