Hsbc Holdings PLC Sells 12,929 Shares of Expand Energy Corporation $EXE

Hsbc Holdings PLC trimmed its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 358,265 shares of the company’s stock after selling 12,929 shares during the quarter. Hsbc Holdings PLC’s holdings in Expand Energy were worth $39,487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Expand Energy during the first quarter valued at approximately $2,599,000. Ashton Thomas Private Wealth LLC purchased a new position in Expand Energy in the 1st quarter worth approximately $208,000. Focus Partners Wealth bought a new position in Expand Energy in the 1st quarter valued at approximately $205,000. Geneos Wealth Management Inc. bought a new position in Expand Energy in the 1st quarter valued at approximately $79,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Expand Energy during the 2nd quarter valued at $757,000. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Trading Up 0.3%

NASDAQ:EXE opened at $88.73 on Wednesday. The company has a market cap of $21.23 billion, a PE ratio of 6.62 and a beta of 0.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $94.29 and a two-hundred day simple moving average of $102.88. Expand Energy Corporation has a 12 month low of $86.37 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last released 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 for the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Research analysts forecast that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, May 14th. Expand Energy’s dividend payout ratio is 17.15%.

Analyst Ratings Changes

A number of analysts have commented on EXE shares. Weiss Ratings lowered Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Morgan Stanley dropped their price objective on Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Benchmark lifted their price objective on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Finally, UBS Group boosted 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 given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.45.

Insider Transactions at Expand Energy

In other news, CFO Marcel Teunissen bought 2,000 shares of the stock in a transaction on Thursday, May 7th. The shares were bought at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the acquisition, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the transaction, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 4,000 shares of company stock worth $375,120. 0.22% of the stock is owned by corporate insiders.

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.