2,697 Shares in Expand Energy Corporation (NASDAQ:EXE) Acquired by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,697 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC bought a new stake in Expand Energy during the 1st quarter valued at $31,000. Peoples Bank KS bought a new position in Expand Energy in the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC acquired a new position in Expand Energy during the 1st quarter valued at about $56,000. Piscataqua Savings Bank bought a new stake in Expand Energy during the 1st quarter worth approximately $58,000. Finally, Bessemer Group Inc. bought a new stake in Expand Energy during the 1st quarter worth approximately $75,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Price Performance

EXE opened at $118.67 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. Expand Energy Corporation has a 1 year low of $81.66 and a 1 year high of $123.35. The stock’s 50 day simple moving average is $113.02 and its 200 day simple moving average is $106.34. The firm has a market cap of $28.24 billion, a price-to-earnings ratio of -22.14 and a beta of 0.49.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.85 by $0.17. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. As a group, analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 1.94%. Expand Energy’s dividend payout ratio is presently -42.91%.

Analyst Ratings Changes

EXE has been the subject of a number of analyst reports. TD Cowen raised Expand Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. Sanford C. Bernstein raised shares of Expand Energy to a “strong-buy” rating and set a $150.00 price objective for the company in a research report on Thursday, May 22nd. Piper Sandler increased their price objective on shares of Expand Energy from $136.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. cut their target price on Expand Energy from $115.00 to $114.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, UBS Group reduced their target price on Expand Energy from $131.00 to $129.00 and set a “buy” rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $127.55.

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.