Expand Energy Corporation $EXE Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. increased its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 16.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 134,062 shares of the company’s stock after purchasing an additional 18,980 shares during the quarter. Expand Energy comprises about 1.2% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Hodges Capital Management Inc.’s holdings in Expand Energy were worth $14,717,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp grew its holdings in Expand Energy by 74.6% in the 4th 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. lifted its holdings in shares of 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. boosted its position in shares of Expand Energy by 379.6% in the first 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 last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Expand Energy in the fourth quarter worth approximately $30,000. Finally, Ascentis Independent Advisors purchased a new stake in Expand Energy in the first quarter valued at approximately $32,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Michael Wichterich purchased 1,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the acquisition, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Marcel Teunissen purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average cost of $96.43 per share, for a total transaction 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 trade represents a 28.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 4,000 shares of company stock valued at $375,120. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

EXE has been the subject of several research analyst reports. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Truist Financial reiterated a “buy” rating and issued a $134.00 price target (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Finally, UBS Group increased their target price on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.47.

Expand Energy Stock Performance

Shares of NASDAQ:EXE opened at $90.72 on Monday. The business’s 50-day simple moving average is $93.22 and its 200 day simple moving average is $101.33. The company has a market cap of $21.70 billion, a P/E ratio of 6.77 and a beta of 0.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. Expand Energy Corporation has a one year low of $86.37 and a one year high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. On average, sell-side analysts forecast that Expand Energy Corporation will post 8.67 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.575 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. Expand Energy’s dividend payout ratio is 17.15%.

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.