Huber Capital Management LLC Purchases Shares of 10,690 Expand Energy Corporation $EXE

Huber Capital Management LLC purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,690 shares of the company’s stock, valued at approximately $1,190,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Transamerica Financial Advisors LLC purchased a new stake in shares of Expand Energy in the 1st quarter worth about $27,000. Harbour Investments Inc. purchased a new stake in shares of Expand Energy in the 1st quarter worth about $27,000. First Horizon Advisors Inc. purchased a new stake in shares of Expand Energy in the 1st quarter worth about $28,000. Pinney & Scofield Inc. purchased a new stake in shares of Expand Energy in the 1st quarter worth about $29,000. Finally, Cheviot Value Management LLC purchased a new stake in shares of Expand Energy in the 1st quarter worth about $29,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of Expand Energy stock in a transaction dated Friday, August 15th. The stock was purchased at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the purchase, the chief executive officer directly owned 166,715 shares of the company’s stock, valued at $15,981,299.90. The trade was a 1.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Joshua J. Viets purchased 2,000 shares of Expand Energy stock in a transaction dated Monday, August 18th. The stock was bought at an average price of $92.16 per share, with a total value of $184,320.00. Following the completion of the purchase, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Morgan Stanley raised their target price on shares of Expand Energy from $134.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Barclays lifted their price target on shares of Expand Energy from $122.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Tudor Pickering & Holt lowered their price target on shares of Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Finally, Piper Sandler lowered their price target on shares of Expand Energy from $140.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $127.42.

Expand Energy Stock Down 1.0%

Shares of Expand Energy stock opened at $95.30 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $22.70 billion, a PE ratio of 244.37 and a beta of 0.46. Expand Energy Corporation has a 52-week low of $69.12 and a 52-week high of $123.35. The company has a 50-day simple moving average of $104.30 and a two-hundred day simple moving average of $106.73.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. On average, analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.575 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy’s payout ratio is currently 589.74%.

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.