Sequoia Financial Advisors LLC Buys New Stake in Expand Energy Corporation (NASDAQ:EXE)

Sequoia Financial Advisors LLC bought a new stake in Expand Energy Corporation (NASDAQ:EXE) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,927 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently bought and sold shares of EXE. Princeton Global Asset Management LLC purchased a new position in Expand Energy during the first quarter worth $31,000. Peoples Bank KS purchased a new position in Expand Energy during the first quarter worth $33,000. Future Financial Wealth Managment LLC purchased a new position in Expand Energy during the first quarter worth $56,000. Piscataqua Savings Bank purchased a new position in Expand Energy during the first quarter worth $58,000. Finally, Bessemer Group Inc. purchased a new position in Expand Energy during the first quarter worth $75,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Stock Performance

EXE stock opened at $107.95 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50-day moving average price of $114.20 and a 200 day moving average price of $107.08. The company has a market capitalization of $25.69 billion, a P/E ratio of -20.14 and a beta of 0.48. Expand Energy Corporation has a 1-year low of $81.66 and a 1-year high of $123.35.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. As a group, equities research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Sanford C. Bernstein upgraded Expand Energy to a “strong-buy” rating and set a $150.00 target price for the company in a research report on Thursday, May 22nd. TD Cowen upgraded Expand Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $108.00 to $116.00 in a research report on Tuesday, April 8th. Benchmark lifted their target price on Expand Energy from $93.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, April 3rd. Stephens decreased their target price on Expand Energy from $123.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, KeyCorp set a $135.00 target price on Expand Energy and gave the stock an “overweight” rating in a research report on Friday, June 13th. One equities research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $128.40.

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.