Ceredex Value Advisors LLC Purchases Shares of 169,548 Expand Energy Corporation $EXE

Ceredex Value Advisors LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the second quarter, Holdings Channel.com reports. The institutional investor bought 169,548 shares of the company’s stock, valued at approximately $15,461,000.

A number of other large investors have also modified their holdings of the business. Atlantic Union Bankshares Corp boosted its stake in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Rakuten Securities Inc. boosted its holdings 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 last quarter. SJS Investment Consulting Inc. boosted its stake in shares of Expand Energy by 379.6% in the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after buying an additional 205 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Expand Energy during the 4th quarter worth approximately $30,000. Finally, Ascentis Independent Advisors acquired a new stake in Expand Energy during the first quarter valued at $32,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael Wichterich acquired 1,000 shares of Expand Energy stock in a transaction on Friday, June 12th. The stock was bought at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.22% of the stock is currently owned by company insiders.

Expand Energy Price Performance

Expand Energy stock opened at $96.07 on Friday. The company has a fifty day simple moving average of $90.78 and a 200-day simple moving average of $97.59. The stock has a market cap of $22.24 billion, a P/E ratio of 8.30 and a beta of 0.34. Expand Energy Corporation has a 12-month low of $84.99 and a 12-month high of $126.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. Equities analysts expect that Expand Energy Corporation will post 8.92 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy’s payout ratio is 19.86%.

Analysts Set New Price Targets

A number of research firms have recently commented on EXE. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Morgan Stanley reduced their price objective on Expand Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research report on Wednesday. Weiss Ratings lowered shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Truist Financial upped their price target on Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Barclays lowered their price objective on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and an average target price of $127.67.

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.