Westerkirk Capital Inc. Invests $1.91 Million in Expand Energy Corporation $EXE

Westerkirk Capital Inc. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,300 shares of the company’s stock, valued at approximately $1,906,000.

A number of other hedge funds have also recently bought and sold shares of the business. Harbour Investments Inc. acquired a new position in shares of Expand Energy in the 1st quarter valued at approximately $27,000. Transamerica Financial Advisors LLC acquired a new stake in Expand Energy in the first quarter valued at $27,000. Quarry LP bought a new position in Expand Energy during the 1st quarter valued at $28,000. Pinney & Scofield Inc. bought a new position in Expand Energy during the 1st quarter valued at $29,000. Finally, Cheviot Value Management LLC acquired a new position in Expand Energy during the 1st quarter worth $29,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Performance

Shares of EXE opened at $121.58 on Tuesday. The firm has a fifty day moving average of $109.26 and a 200-day moving average of $107.09. The company has a market cap of $28.96 billion, a price-to-earnings ratio of 34.54 and a beta of 0.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $123.35.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.09. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. As a group, equities analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 13th. Expand Energy’s dividend payout ratio is 65.34%.

Analyst Upgrades and Downgrades

EXE has been the topic of several research analyst reports. Jefferies Financial Group reduced their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Roth Capital cut Expand Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $98.00 in a research note on Monday, August 18th. Piper Sandler increased their target price on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, November 18th. Mizuho set a $136.00 price target on Expand Energy in a report on Monday, September 15th. Finally, William Blair began coverage on Expand Energy in a research report on Tuesday, October 14th. They set an “outperform” rating on the stock. 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. Based on data from MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and an average target price of $128.32.

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.