Marcel Teunissen Purchases 2,000 Shares of Expand Energy (NASDAQ:EXE) Stock

Expand Energy Corporation (NASDAQ:EXE) CFO Marcel Teunissen acquired 2,000 shares of Expand Energy 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 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Expand Energy Stock Down 1.4%

Expand Energy stock opened at $96.06 on Friday. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 7.16 and a beta of 0.36. The firm’s fifty day moving average price is $103.48 and its two-hundred day moving average price is $107.46. 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 (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share 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 firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. On average, equities research analysts predict that Expand Energy Corporation will post 8.87 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a $0.575 dividend. The ex-dividend date is Thursday, May 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. Expand Energy’s dividend payout ratio is currently 17.15%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EXE shares. Benchmark raised their price objective on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Morgan Stanley restated an “overweight” rating on shares of Expand Energy in a report on Friday, March 27th. Jefferies Financial Group restated a “buy” rating and set a $141.00 price objective on shares of Expand Energy in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Finally, Barclays lifted their price objective on Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.09.

Institutional Investors Weigh In On Expand Energy

Hedge funds have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp lifted its position in Expand Energy by 74.6% during the fourth 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. lifted 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 acquiring an additional 193 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after acquiring an additional 205 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy in the 4th quarter worth approximately $30,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $32,000. 97.93% of the stock is currently owned by institutional investors.

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.