Korea Investment CORP acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 171,989 shares of the company’s stock, valued at approximately $15,684,000.
Other large investors also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp boosted its position in shares of Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. Rakuten Securities Inc. grew its holdings in shares of Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after buying an additional 193 shares in the last quarter. Eastern Bank acquired a new position in Expand Energy during the second quarter valued at $27,000. SJS Investment Consulting Inc. raised 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. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in Expand Energy in the 4th quarter worth about $30,000. 97.93% of the stock is owned by institutional investors and hedge funds.
Expand Energy Stock Performance
Shares of EXE stock opened at $96.09 on Monday. Expand Energy Corporation has a fifty-two week low of $84.99 and a fifty-two week high of $126.62. The stock’s 50-day moving average is $90.93 and its two-hundred day moving average is $97.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $22.24 billion, a P/E ratio of 8.30 and a beta of 0.34.
Expand Energy Announces Dividend
The firm 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 $0.575 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. Expand Energy’s payout ratio is 19.86%.
Insider Transactions at Expand Energy
In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the firm’s stock in a transaction on 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 approximately $7,600,772.20. The trade was a 1.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
EXE has been the subject of a number of research reports. Citigroup decreased their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Wolfe Research reiterated an “outperform” rating and issued a $114.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Morgan Stanley reduced their price target on shares of Expand Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays lowered their price objective on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Finally, William Blair lowered shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.67.
Get Our Latest Stock Analysis on Expand Energy
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.
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