7,700 Shares in Expand Energy Corporation $EXE Acquired by Corigliano Investment Advisers LLC

Corigliano Investment Advisers LLC purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,700 shares of the company’s stock, valued at approximately $850,000.

A number of other hedge funds have also recently added to or reduced their stakes in EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Expand Energy during the 1st quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC purchased a new position in Expand Energy during the 1st quarter worth $208,000. Focus Partners Wealth purchased a new position in Expand Energy during the 1st quarter worth $205,000. Geneos Wealth Management Inc. purchased a new position in Expand Energy during the 1st quarter worth $79,000. Finally, Gamco Investors INC. ET AL purchased a new position in Expand Energy during the 2nd quarter worth $757,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Down 1.0%

Expand Energy stock opened at $87.46 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. Expand Energy Corporation has a 1-year low of $86.80 and a 1-year high of $126.62. The company has a market cap of $20.92 billion, a PE ratio of 6.52 and a beta of 0.33. The stock’s 50 day moving average price is $95.28 and its 200 day moving average price is $103.83.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. On average, sell-side analysts predict that Expand Energy Corporation will post 8.87 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued 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 yield of 2.6%. Expand Energy’s payout ratio is currently 17.15%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Morgan Stanley lowered their target price on Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Finally, Barclays downgraded Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.45.

Insider Transactions at Expand Energy

In related news, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the acquisition, the chief executive officer 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. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Marcel Teunissen acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the acquisition, the chief financial officer owned 9,144 shares of the company’s stock, valued at $881,755.92. This represents a 28.00% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 4,000 shares of company stock worth $375,120. 0.22% of the stock is owned by insiders.

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.