Expand Energy Corporation $EXE Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 56,432 shares of the company’s stock after purchasing an additional 200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Expand Energy were worth $6,599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXE. Harbour Investments Inc. acquired a new stake in Expand Energy during the first quarter worth about $27,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $28,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $29,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on EXE shares. Scotiabank restated an “outperform” rating on shares of Expand Energy in a research report on Thursday. Barclays dropped their target price on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a research report on Tuesday. Tudor Pickering & Holt dropped their target price on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Mizuho set a $136.00 price objective on Expand Energy in a report on Monday, September 15th. Finally, Wolfe Research dropped their price objective on Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.81.

Insider Buying and Selling at Expand Energy

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

Expand Energy Trading Down 4.0%

EXE stock opened at $101.75 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a 12-month low of $82.69 and a 12-month high of $123.35. The stock has a market cap of $24.23 billion, a price-to-earnings ratio of 260.90 and a beta of 0.47. The business’s 50-day moving average is $99.38 and its 200 day moving average is $106.14.

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

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy’s payout ratio is 589.74%.

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.