Bokf Na Has $14.65 Million Stock Holdings in Expand Energy Corporation $EXE

Bokf Na increased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,758 shares of the company’s stock after purchasing an additional 19,801 shares during the quarter. Bokf Na’s holdings in Expand Energy were worth $14,651,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH increased its position in Expand Energy by 6.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after purchasing an additional 88 shares in the last quarter. Hara Capital LLC increased its position in Expand Energy by 3.3% during the 3rd quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock worth $334,000 after purchasing an additional 100 shares in the last quarter. New Mexico Educational Retirement Board increased its position in Expand Energy by 1.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after acquiring an additional 100 shares during the period. McGowan Group Asset Management Inc. increased its position in Expand Energy by 0.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock valued at $2,657,000 after acquiring an additional 105 shares during the period. Finally, OneDigital Investment Advisors LLC increased its position in Expand Energy by 5.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after acquiring an additional 108 shares during the period. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Trading Down 1.0%

Shares of NASDAQ EXE opened at $99.76 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. The firm has a 50 day moving average price of $103.72 and a two-hundred day moving average price of $107.50. The stock has a market cap of $23.87 billion, a P/E ratio of 7.44 and a beta of 0.36.

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. As a group, equities analysts forecast that Expand Energy Corporation will post 9.08 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy’s dividend payout ratio is currently 17.15%.

Insider Activity at Expand Energy

In other news, CEO Michael Wichterich acquired 2,000 shares of Expand Energy stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $107.50 per share, with a total value of $215,000.00. Following the purchase, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. This trade represents a 2.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research report on Monday, February 23rd. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Benchmark upped their price target on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.09.

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.