Expand Energy (NASDAQ:EXE) CEO Purchases $88,900.00 in Stock

Expand Energy Corporation (NASDAQ:EXE) CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was acquired 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 of the company’s stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Wichterich also recently made the following trade(s):

• On Thursday, June 4th, Michael Wichterich acquired 1,000 shares of Expand Energy stock. The stock was acquired at an average price of $93.36 per share, for a total transaction of $93,360.00.

Expand Energy Trading Down 1.0%

NASDAQ EXE opened at $87.46 on Thursday. 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 $20.92 billion, a PE ratio of 6.52 and a beta of 0.33. Expand Energy Corporation has a one year low of $86.80 and a one year high of $126.62. The firm’s fifty day moving average is $95.28 and its two-hundred day moving average is $103.83.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating 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 company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Analysts expect that Expand Energy Corporation will post 8.87 earnings per share for the current year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, May 14th. Expand Energy’s payout ratio is 17.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of 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 lowered shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Morgan Stanley dropped their price target on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research note on Monday, February 23rd. Finally, Stephens boosted their price target on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.45.

Institutional Trading of Expand Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Expand Energy by 2.4% during the third quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after buying an additional 646,330 shares in the last quarter. Capital Research Global Investors boosted its holdings in Expand Energy by 33.2% during the fourth quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock worth $2,345,303,000 after buying an additional 5,291,948 shares in the last quarter. State Street Corp boosted its holdings in Expand Energy by 8.3% during the third quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after buying an additional 1,014,484 shares in the last quarter. Oaktree Capital Management LP boosted its holdings in Expand Energy by 3.5% during the first quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock worth $574,970,000 after buying an additional 175,114 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Expand Energy by 94.7% during the first quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company’s stock worth $493,890,000 after buying an additional 2,188,422 shares in the last quarter. Hedge funds and other institutional investors own 97.93% 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.