Expand Energy Corporation $EXE Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Expand Energy Corporation (NASDAQ:EXE) by 48.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 136,068 shares of the company’s stock after purchasing an additional 44,555 shares during the period. Quantinno Capital Management LP’s holdings in Expand Energy were worth $14,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clough Capital Partners L P grew its holdings in Expand Energy by 52.0% in the 1st quarter. Clough Capital Partners L P now owns 341,456 shares of the company’s stock worth $37,485,000 after buying an additional 116,741 shares in the last quarter. SummitTX Capital L.P. boosted its holdings in shares of Expand Energy by 329.1% in the first quarter. SummitTX Capital L.P. now owns 23,298 shares of the company’s stock valued at $2,558,000 after acquiring an additional 17,868 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Expand Energy during the first quarter valued at approximately $1,484,000. Castleark Management LLC increased its stake in shares of Expand Energy by 5.2% during the first quarter. Castleark Management LLC now owns 61,230 shares of the company’s stock valued at $6,722,000 after acquiring an additional 3,030 shares during the period. Finally, Delta Global Management LP raised its holdings in Expand Energy by 415.5% during the first quarter. Delta Global Management LP now owns 22,792 shares of the company’s stock worth $2,502,000 after purchasing an additional 18,371 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Stock Performance

Shares of EXE opened at $94.03 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. Expand Energy Corporation has a 1-year low of $84.99 and a 1-year high of $126.62. The stock has a market capitalization of $21.77 billion, a P/E ratio of 8.12 and a beta of 0.34. The business’s 50-day moving average price is $89.98 and its 200 day moving average price is $98.74.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Analysts expect that Expand Energy Corporation will post 8.92 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Expand Energy’s payout ratio is 19.86%.

Insiders Place Their Bets

In other Expand Energy news, CFO Marcel Teunissen bought 2,000 shares of the stock in a transaction on Thursday, May 7th. The shares were bought at an average price of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. The trade was a 28.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Wichterich purchased 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The stock was bought at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the transaction, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 4,000 shares of company stock valued at $375,120 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Trending Headlines about Expand Energy

Here are the key news stories impacting Expand Energy this week:

• Positive Sentiment: Q2 earnings beat estimates: Expand Energy reported adjusted earnings of $1.33 per share, above the $1.13 consensus estimate. Higher production and lower operating costs helped offset weaker revenue and natural-gas prices. Expand Energy Q2 Earnings Beat Estimates on Strong Production
• Positive Sentiment: Analyst support strengthened: Truist raised its price target from $117 to $121 and maintained a Buy rating, while Morgan Stanley and UBS also reiterated or issued Buy ratings. These targets imply substantial potential upside from recent trading levels. Truist Raises Expand Energy Price Target Morgan Stanley Keeps Their Buy Rating on Expand Energy Expand Energy Receives a Buy from UBS
• Positive Sentiment: Growth strategy gains traction: The acquisition of Twin Eagle Holdings expands Expand Energy’s gas-marketing platform and could improve access to LNG, power and industrial customers. Management also retained its full-year production target and highlighted the potential for a larger buyback authorization. Expand Energy Sticks to Full-Year Production Goal Expand Energy Agrees to Buy Twin Eagle Holdings
• Neutral Sentiment: Barclays maintained a Hold rating, indicating that some analysts remain cautious despite the earnings beat and strategic expansion. Barclays Keeps Their Hold Rating on Expand Energy
• Negative Sentiment: Lower natural-gas prices, weaker quarterly revenue versus expectations and potential infrastructure constraints remain risks to near-term cash flow and the pace of growth.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXE. Truist Financial increased their price target on Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings lowered Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Barclays cut Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Citigroup lowered their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Wolfe Research reissued an “outperform” rating and issued a $114.00 price target on shares of Expand Energy in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.00.

Expand Energy 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.