Corient Private Wealth LLC Reduces Stock Holdings in Expand Energy Corporation $EXE

Corient Private Wealth LLC lowered its holdings in Expand Energy Corporation (NASDAQ:EXE) by 32.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,105 shares of the company’s stock after selling 9,717 shares during the quarter. Corient Private Wealth LLC’s holdings in Expand Energy were worth $2,221,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Expand Energy during the first quarter valued at $2,599,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expand Energy in the 1st quarter valued at about $208,000. Focus Partners Wealth acquired a new position in shares of Expand Energy in the 1st quarter valued at about $205,000. Geneos Wealth Management Inc. purchased a new stake in shares of Expand Energy in the first quarter worth about $79,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Expand Energy in the second quarter worth about $757,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

EXE has been the topic of several analyst reports. Morgan Stanley dropped their target price on Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Barclays lowered Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Benchmark raised their price objective on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Truist Financial reaffirmed a “buy” rating and set a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.45.

Expand Energy Price Performance

NASDAQ:EXE opened at $88.47 on Monday. Expand Energy Corporation has a 52 week low of $86.37 and a 52 week high of $126.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $21.17 billion, a PE ratio of 6.60 and a beta of 0.33. The stock’s 50-day moving average price is $93.81 and its 200-day moving average price is $102.19.

Expand Energy (NASDAQ:EXE) last announced 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 firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. As a group, equities analysts expect that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.

Expand Energy Dividend Announcement

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

Insider Buying and Selling

In other Expand Energy news, CFO Marcel Teunissen bought 2,000 shares of Expand Energy stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. This represents a 28.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Wichterich bought 1,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the transaction, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 4,000 shares of company stock valued at $375,120 over the last 90 days. Company insiders own 0.22% of the company’s stock.

About Expand Energy

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.