Caxton Associates LLP Acquires 8,034 Shares of Expand Energy Corporation $EXE

Caxton Associates LLP lifted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 200.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,037 shares of the company’s stock after buying an additional 8,034 shares during the quarter. Caxton Associates LLP’s holdings in Expand Energy were worth $1,321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. 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 buying an additional 100 shares during the period. Rakuten Securities Inc. grew its holdings in 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 during the period. SJS Investment Consulting Inc. grew its holdings in Expand Energy by 379.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after acquiring an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy during the 4th quarter valued at $30,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Expand Energy during the 1st quarter valued at $32,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Price Performance

Shares of EXE stock opened at $91.52 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a 12-month low of $84.99 and a 12-month high of $126.62. The firm has a fifty day moving average of $90.70 and a 200-day moving average of $99.23. The firm has a market capitalization of $21.89 billion, a price-to-earnings ratio of 6.82 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.61 by $0.22. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, equities research analysts forecast that Expand Energy Corporation will post 8.4 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. Expand Energy’s dividend payout ratio (DPR) is currently 17.15%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marcel Teunissen acquired 2,000 shares of the firm’s 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 completion of the transaction, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. This trade represents a 28.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 4,000 shares of company stock worth $375,120. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EXE has been the topic of a number of analyst reports. William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Truist Financial decreased their price objective on Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, July 10th. UBS Group dropped their price objective on Expand Energy from $135.00 to $127.00 and set a “buy” rating for the company in a report on Friday, July 10th. Weiss Ratings lowered Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Finally, KeyCorp restated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.19.

Expand Energy Company 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.