Expand Energy Corporation $EXE Shares Acquired by Gemsstock Ltd.

Gemsstock Ltd. increased its holdings in Expand Energy Corporation (NASDAQ:EXE) by 75.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 400,500 shares of the company’s stock after buying an additional 171,700 shares during the period. Expand Energy comprises approximately 6.4% of Gemsstock Ltd.’s holdings, making the stock its 6th biggest position. Gemsstock Ltd.’s holdings in Expand Energy were worth $44,199,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EXE. Atlantic Union Bankshares Corp lifted its position in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Expand Energy by 350.9% in 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 raised its holdings in shares of Expand Energy by 890.0% in 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. Smartleaf Asset Management LLC raised its holdings in shares of Expand Energy by 85.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after purchasing an additional 199 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Expand Energy by 54.5% in the 4th quarter. Assetmark Inc. now owns 414 shares of the company’s stock worth $46,000 after purchasing an additional 146 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXE has been the topic of a number of research reports. Barclays downgraded shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Morgan Stanley dropped their target price on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Stephens lifted their target price on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Benchmark lifted their target price on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $141.00 price objective on shares of Expand Energy in a research report on Thursday, February 19th. Two research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.45.

Insider Buying and Selling at Expand Energy

In related news, CEO Michael Wichterich bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $93.36 per share, for a total transaction of $93,360.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marcel Teunissen bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the purchase, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.22% of the stock is owned by corporate insiders.

Expand Energy Price Performance

Shares of Expand Energy stock opened at $88.78 on Friday. The firm has a fifty day simple moving average of $96.23 and a 200-day simple moving average of $104.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a 1-year low of $86.80 and a 1-year high of $126.62. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 6.62 and a beta of 0.33.

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, 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 business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. On average, sell-side analysts expect that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Announces Dividend

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