Retireful LLC Makes New $832,000 Investment in Expand Energy Corporation $EXE

Retireful LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,431 shares of the company’s stock, valued at approximately $832,000.

A number of other large investors also recently modified their holdings of the company. ESL Trust Services LLC purchased a new stake in Expand Energy in the 3rd quarter worth $32,000. Abound Wealth Management lifted its position in shares of Expand Energy by 890.0% in the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after acquiring an additional 267 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Expand Energy by 85.0% in the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after acquiring an additional 199 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Expand Energy in the third quarter worth about $47,000. Finally, CX Institutional bought a new position in shares of Expand Energy in the third quarter worth about $52,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of Expand Energy stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Expand Energy Trading Down 3.4%

Shares of EXE stock opened at $106.03 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $25.49 billion, a price-to-earnings ratio of 14.06 and a beta of 0.47. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The stock’s 50-day moving average price is $107.35 and its 200-day moving average price is $108.22.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Equities research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. Expand Energy’s dividend payout ratio (DPR) is 30.50%.

Wall Street Analyst Weigh In

EXE has been the topic of several recent analyst reports. Wells Fargo & Company set a $123.00 target price on Expand Energy in a research note on Monday, February 23rd. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings raised shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Citigroup lifted their price objective on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $131.48.

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.