Persistent Asset Partners Ltd Buys New Shares in Expand Energy Corporation $EXE

Persistent Asset Partners Ltd purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 8,408 shares of the company’s stock, valued at approximately $928,000.

Other hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp lifted its holdings in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Rakuten Securities Inc. boosted its stake in shares of Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after acquiring an additional 193 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Expand Energy in the 4th quarter worth $30,000. Abound Wealth Management raised its position in shares of Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after purchasing an additional 267 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in Expand Energy by 564.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 319 shares of the company’s stock worth $35,000 after buying an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

EXE has been the topic of several research reports. Weiss Ratings downgraded Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. UBS Group upped their price target on Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Stephens increased their price target on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $131.45.

Expand Energy Price Performance

Shares of EXE stock opened at $88.36 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $21.14 billion, a PE ratio of 6.59 and a beta of 0.33. The firm’s 50-day moving average is $95.60 and its two-hundred day moving average is $104.05. Expand Energy Corporation has a 12 month low of $86.80 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.22. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. Analysts predict that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, May 14th. Expand Energy’s dividend payout ratio is presently 17.15%.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of $88.90 per share, with a total value of $88,900.00. Following the transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the transaction, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 4,000 shares of company stock valued at $375,120. 0.22% of the stock is owned by insiders.

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.