Argos Wealth Advisors LLC acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 9,411 shares of the company’s stock, valued at approximately $1,039,000.
Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its stake in Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Abound Wealth Management lifted its stake in Expand Energy by 890.0% during the fourth 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. ESL Trust Services LLC bought a new position in Expand Energy during the third quarter worth $32,000. Assetmark Inc. lifted its stake in Expand Energy by 54.5% during the fourth quarter. Assetmark Inc. now owns 414 shares of the company’s stock worth $46,000 after purchasing an additional 146 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after purchasing an additional 199 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CFO Marcel Teunissen purchased 2,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. This represents a 28.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Wichterich bought 2,000 shares of Expand Energy stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $107.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the chief executive officer owned 83,498 shares in the company, valued at approximately $8,976,035. The trade was a 2.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.22% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Expand Energy
Expand Energy Price Performance
Shares of Expand Energy stock opened at $96.43 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $102.86 and its two-hundred day moving average price is $107.26. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The stock has a market cap of $23.07 billion, a PE ratio of 7.19 and a beta of 0.36.
Expand Energy (NASDAQ:EXE – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. As a group, sell-side analysts anticipate that Expand Energy Corporation will post 8.87 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th 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, May 14th. Expand Energy’s payout ratio is 17.15%.
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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