Sanctuary Advisors LLC Makes New Investment in Expand Energy Corporation $EXE

Sanctuary Advisors LLC acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the second quarter, Holdings Channel reports. The institutional investor acquired 34,476 shares of the company’s stock, valued at approximately $3,144,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp lifted its stake in shares of Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Eastern Bank acquired a new stake in Expand Energy during the second quarter valued at $27,000. SJS Investment Consulting Inc. grew its position in Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after buying an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in Expand Energy in the fourth quarter valued at $30,000. Finally, Ascentis Independent Advisors purchased a new position in Expand Energy in the first quarter valued at $32,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Performance

NASDAQ:EXE opened at $94.66 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $21.91 billion, a PE ratio of 8.17 and a beta of 0.34. Expand Energy Corporation has a fifty-two week low of $84.99 and a fifty-two week high of $126.62. The company has a fifty day moving average of $91.22 and a two-hundred day moving average of $97.32.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. As a group, research analysts forecast that Expand Energy Corporation will post 8.84 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Barclays cut their price target on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. UBS Group reduced their price target on Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, July 30th. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.67.

Insider Buying and Selling

In other news, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.22% of the company’s stock.

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.