Caxton Associates LLP Has $1.32 Million Stake in Expand Energy Corporation $EXE

Caxton Associates LLP boosted its stake in Expand Energy Corporation (NASDAQ:EXE) by 200.7% during the 1st quarter, HoldingsChannel reports. The fund owned 12,037 shares of the company’s stock after acquiring an additional 8,034 shares during the quarter. Caxton Associates LLP’s holdings in Expand Energy were worth $1,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Expand Energy during the 1st quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expand Energy in the first quarter valued at about $208,000. Focus Partners Wealth bought a new stake in shares of Expand Energy in the first quarter valued at about $205,000. Geneos Wealth Management Inc. bought a new stake in shares of Expand Energy in the first quarter valued at about $79,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Expand Energy during the second quarter worth about $757,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays downgraded Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Truist Financial reduced their price target on Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Finally, Morgan Stanley lowered their price objective on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Expand Energy has a consensus rating of “Moderate Buy” and an average target price of $130.19.

Expand Energy Stock Down 0.2%

EXE stock opened at $91.52 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $90.70 and a two-hundred day moving average price of $99.23. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 6.82 and a beta of 0.34. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Analysts anticipate that Expand Energy Corporation will post 8.4 EPS for the current fiscal year.

Expand Energy Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Michael Wichterich acquired 1,000 shares of the stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marcel Teunissen bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the acquisition, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. This trade represents a 28.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 4,000 shares of company stock valued at $375,120. Corporate insiders own 0.22% of the company’s stock.

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.