WBI Investments LLC Makes New $872,000 Investment in Expand Energy Corporation $EXE

WBI Investments LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,210 shares of the company’s stock, valued at approximately $872,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. ESL Trust Services LLC acquired a new stake in shares of Expand Energy in the third quarter worth approximately $32,000. Smartleaf Asset Management LLC increased its position in Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after purchasing an additional 199 shares during the last quarter. Root Financial Partners LLC purchased a new position in Expand Energy during the third quarter worth approximately $47,000. CX Institutional purchased a new position in Expand Energy during the third quarter worth approximately $52,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Expand Energy in the 2nd quarter valued at $70,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EXE shares. UBS Group dropped their price objective on Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Barclays lifted their target price on Expand Energy from $125.00 to $127.00 and gave the company an “overweight” rating in a report on Monday. Sanford C. Bernstein dropped their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Citigroup raised their price objective on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Stephens lifted their price objective on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $131.27.

Insider Activity

In related news, CEO Michael Wichterich bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $107.50 per share, for a total transaction 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

Expand Energy Stock Performance

NASDAQ:EXE opened at $106.40 on Wednesday. The firm’s fifty day simple moving average is $105.94 and its 200 day simple moving average is $107.28. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 14.11 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. As a group, equities research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a $0.575 dividend. The ex-dividend date is 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%.

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.