Romano Brothers AND Company Has $5.47 Million Holdings in Expand Energy Corporation $EXE

Romano Brothers AND Company increased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 90.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,540 shares of the company’s stock after buying an additional 23,590 shares during the quarter. Romano Brothers AND Company’s holdings in Expand Energy were worth $5,467,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. ESL Trust Services LLC bought a new stake in Expand Energy in the third quarter valued at $32,000. Abound Wealth Management raised its stake in Expand Energy by 890.0% during the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after acquiring an additional 267 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Expand Energy by 85.0% during 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 during the period. Root Financial Partners LLC acquired a new stake in shares of Expand Energy in the 3rd quarter valued at $47,000. Finally, CX Institutional acquired a new stake in shares of Expand Energy in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Jefferies Financial Group restated a “buy” rating and issued a $141.00 price target on shares of Expand Energy in a research report on Thursday, February 19th. Barclays upped their price objective on shares of Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Truist Financial initiated coverage on shares of Expand Energy in a research note on Tuesday. They issued a “buy” rating and a $136.00 target price for the company. Finally, Sanford C. Bernstein reduced their target price on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $131.48.

Insiders Place Their Bets

In other news, CEO Michael Wichterich acquired 2,000 shares of Expand Energy stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $107.50 per share, with a total value of $215,000.00. Following the acquisition, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. This represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by company insiders.

Expand Energy Stock Up 2.2%

Shares of NASDAQ EXE opened at $113.50 on Friday. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The firm’s 50-day simple moving average is $107.09 and its 200 day simple moving average is $107.86. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market cap of $27.29 billion, a price-to-earnings ratio of 15.05 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data 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 net margin of 15.00% and a return on equity of 8.17%. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. On average, research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, March 5th. Expand Energy’s payout ratio is 30.50%.

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.