Expand Energy Corporation $EXE Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 86.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 251,984 shares of the company’s stock after purchasing an additional 117,163 shares during the quarter. Sei Investments Co.’s holdings in Expand Energy were worth $27,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp boosted its stake in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing 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 fourth quarter worth about $30,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Expand Energy during the first quarter worth about $32,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $88.90 per share, with a total value of $88,900.00. Following the transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Marcel Teunissen bought 2,000 shares of the stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 4,000 shares of company stock worth $375,120 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Expand Energy Trading Down 1.1%

NASDAQ EXE opened at $90.51 on Tuesday. The firm’s fifty day moving average is $90.54 and its two-hundred day moving average is $99.07. Expand Energy Corporation has a one year low of $84.99 and a one year high of $126.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $21.65 billion, a PE ratio of 6.75 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $3.53 billion. Analysts expect that Expand Energy Corporation will post 8.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EXE shares. Citigroup decreased their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Truist Financial cut their price target on Expand Energy from $134.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Weiss Ratings downgraded Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Finally, UBS Group lowered their target price on shares of Expand Energy from $135.00 to $127.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.19.

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.