12,422 Shares in Expand Energy Corporation (NASDAQ:EXE) Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, HoldingsChannel reports. The fund purchased 12,422 shares of the company’s stock, valued at approximately $1,383,000.

Other hedge funds have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new position in Expand Energy during the first quarter worth about $127,038,000. Canoe Financial LP purchased a new stake in shares of Expand Energy during the 1st quarter valued at approximately $79,015,000. Rhumbline Advisers bought a new stake in Expand Energy during the 1st quarter worth approximately $43,592,000. GAMMA Investing LLC bought a new stake in Expand Energy during the 1st quarter worth approximately $36,507,000. Finally, Mercuria Capital Strategies LLC bought a new stake in Expand Energy during the 1st quarter worth approximately $35,283,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Price Performance

EXE stock opened at $107.95 on Friday. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The company’s fifty day moving average price is $114.14 and its 200-day moving average price is $107.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $25.69 billion, a PE ratio of -20.14 and a beta of 0.48.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.10 billion. On average, equities analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, May 15th. Expand Energy’s dividend payout ratio is currently -42.91%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised shares of Expand Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $122.00 in a report on Tuesday, April 15th. Piper Sandler raised their target price on shares of Expand Energy from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. Stephens reduced their price objective on shares of Expand Energy from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the company a “buy” rating in a research note on Saturday, June 14th. Finally, Sanford C. Bernstein upgraded shares of Expand Energy to a “strong-buy” rating and set a $150.00 price target for the company in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Expand Energy presently has an average rating of “Buy” and a consensus price target of $128.40.

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.